Elara Securities sees the outlook for the third quarter of the current financial year to be better for banking and financial sector. It picked ICICI Bank and State Bank of India as its top pick.
Aakash Shah of Choice Equity Broking's top picks include Tarc, Karur Vysya Bank, and APL Apollo Tubes; check target, stop-loss
Considering the moderation in slippage ratio and adequate PCR, CareEdge Ratings anticipates the Karur Vysya Bank's asset quality to remain stable in the medium term.
Karur Vysya Bank on Friday reported a 21 per cent growth in net profit to Rs 574 crore for the second quarter ended September 30. The private sector bank had a net profit of Rs 474 crore for the July-September quarter. Total income rose to Rs 3,320 crore in Q2 against Rs 2,856 crore in Q2 of FY25. Provisioning also increased to Rs 274 crore during the September quarter of FY26, from Rs 180 crore in the year-ago period. Shares of Karur Vyasya Bank settled at Rs 227.40 apiece, up 0.46 per cent over the previous close on the BSE.
Private sector Karur Vysya Bank has strengthened its footprint with the inauguration of three new branches in Maharashtra, Andhra Pradesh and Tamil Nadu. The Karur-based bank has opened a new branch in KK Nagar, Udayanpatti, Tiruchirappalli in Tamil Nadu, Thane in Maharashtra, and Kurnool in Andhra Pradesh, the bank's Managing Director and CEO Ramesh Babu said. The new branches, which were inaugurated on Monday, would offer a comprehensive range of banking services including accounts, deposits and loans. It would also provide all banking transactions and would meet the specific needs of the customers, a press release from the bank said on Tuesday. Commenting on the branch expansion, Babu said, It is a part of the strategic initiative to strengthen the bank's presence in potential markets and bring services closer to customers. "At KVB, we are continuously working to enhance our service delivery through a combination of physical branches and digital platforms. Last financial year, w
The companies said the collaboration marks a seminal change in India's bancassurance landscape through a strategic alliance and a product tailored for the agricultural community
Analysts on private banks: Overall, asset quality outlook is stable to positive, except for the unsecured retail loans and MFI segment; but it appears that stress in unsecured segment has peaked out.