Karur Vysya Bank Q4 Review - Credit Growth Encouraging: ICICI Securities
An employee holds a stack of electronic payment receipts and Indian Rupee banknotes at a BPCL fuel station in Bengaluru. (Photographer: Dhiraj Singh/Bloomberg)

Karur Vysya Bank Q4 Review - Credit Growth Encouraging: ICICI Securities

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Karur Vysya Bank Ltd.’s Q4 FY21 performance remained strong with earnings reviving to Rs 1.04 billion (up 25% YoY) and incremental stressed asset formation remaining under control as reflected in:

  1. gross slippages at lower at Rs 9.59 billion (1.82% of loans) in FY21 versus Rs 16.02 billion in FY20, below the guided range of 2.25%; and
  2. restructuring at Rs 9.57 billion, or 1.81% of loans, in FY21 (guidance: 2.5%).

Collections continued to be strong at more than 95% in April 2021 though we expect it to decline in May 2021.

Reported gross non performing asset and net non performing asset stood at 7.85% and 3.41% respectively as at FY21.

Click on the attachment to read the full report:

ICICI Securities Karur Vysya Bank Q4FY21 Results.pdf

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