Karur Vysya Bank Ltd.

NSE: KARURVYSYA | BSE: 590003 | ISIN: INE036D01028 | Industry: Banks
| Mid-range Performer

263.95
2.23%
ICICI Securities Limited
Despite 18bps QoQ NIM decline (though in-line) and Rs250mn of floating provisions, Karur Vysya Bank (KVB) reported strong Q1FY24 PAT at Rs3.5bn (8% beat) driven by healthy ‘other income’ and ~45% QoQ drop in provisions led by continued strong asset quality.
Karur Vysya Bank Ltd. is trading at high day volume of 4.1M.
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