The management’s guidance on margins for FY26 is modest
The Tamil Nadu-based bank was also planning to open 35 more branches and 500 business correspondents this year, Karur Vysya Bank Managing Director and CEO Ramesh Babu said on Tuesday.
Standalone Net Interest Income (NII) for the quarter was Rs 583.62 crore and net profit was Rs 45.91 crore.
Standalone Net Interest Income (NII) for the quarter was Rs 583.62 crore and net profit was Rs 45.91 crore.
Standalone Net Interest Income (NII) for the quarter was Rs 481.12 crore and net profit was Rs 146.35 crore.
Axis Securities and has recommended hold rating on Karur Vysya with a target price of Rs 435 in its research report dated January 21, 2016.
Standalone Net Interest Income (NII) for the quarter was Rs 1,298.00 crore and net profit was Rs 106.82 crore.
On Karur Vysya, Tater sees a 25-30 percent return for this fiscal while pegging a target of Rs 630. Additionally, Tater sees a similar 25-30 percent return for SBBJ from a one year perspective.
K Venkatraman, CEO & MD sees no futher compression on the bank's margins, which would stand at 3 percent going forward. Further, their loan growth in this fiscal would be around 25 percent.
Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.
Interest earned for the quarter was Rs 856.33 crore and net profit was Rs 124.92 crore.
Interest earned for the quarter was Rs 694.52 crore and net profit was Rs 116.70 crore.
Interest earned for the quarter was Rs 631.74 crore and net profit was Rs 115.29 crore.