Karur Vysya Bank Q3 Results Review — Reasonably Steady Outcome Given Backdrop; Yes Securities Retains 'Buy'

The advances for Karur Vysys Bank stood at Rs 823 billion, up by 3.4% QoQ and 14.6% YoY. The deposits were at Rs 992 billion, up by 3.5% QoQ and 15.7% YoY..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.We maintain ‘Buy’ rating on Karur Vysya Bank Ltd. with an unchanged price target of Rs 270..Asset Quality – Gross slippages decline materially on sequential basis, indicative of sound underlying asset quality: Gross NPA additions amounted to Rs 1.39 billion for Q3 FY25, translating to an annualized slippage ratio of 0.7% for the quarter, down - 23 bps QoQ. Gross slippage ratio had amounted to Rs 1.81 billion in Q2 FY25. Recoveries from technically written off accounts amounted to Rs 1.75 billion for the quarter. Provisions were Rs 1.47 billion, down by -18.0% QoQ and -1.5% YoY, translating to calculated annualised credit cost of 73 bps. This low credit figure contains entirely prudential provisions worth Rs 0.17 billion made on restructured assets and the usual prudential provision Rs 0.25 billion being made every quarter..Click on the attachment to read the full report:.Paytm Q3 Results Review — Motilal Oswal Retains 'Neutral' Stance On The Stock; Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Karur Vysya Bank Q3 Results Review — Reasonably Steady Outcome Given Backdrop; Yes Securities Retains 'Buy'

Stellar asset quality, growth reasonable while margin declines, adds the brokerage.

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