Karur Vysya Bank Gets A 'Buy' Rating As Yes Securities Initiates Coverage

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Yes Securities Report

We initiate coverage on Karur Vysya Bank Ltd. with Buy rating on account of the following key reasons:

1. Karur Vysya Bank has a healthy sustainable margin profile, being underpinned by a strong liability franchise, typified by industry-low SA card rates,

2. Karur Vysya Bank has effected a growth turnaround through digital under-writing,

3. Credit cost outlook seems reasonably comforting and asset quality volatility is a thing of the past.

We initiate with Buy rating and a price target of Rs 260.

This report also contains a detailed comparison of 11 mid and smallcap private sector banks.

Click on the attachment to read the full report: 

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