Buy Karur Vysya Bank; target of Rs 115: Anand Rathi
Anand Rathi is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 115 in its research report dated October 21, 2022.25-10-2022
25-10-2022
KARUR VYSYA BANK LTD. - 590003 - Audio Recording of the Conference Call held with respect to the Unaudited Financial Results of the Bank for the Quarter and Half Year ended September 30, 2022
Karur Vysya Bank Ltd has informed BSE regarding "Audio Recording of the Conference Call held with respect to the Unaudited Financial Results of the Bank for the Quarter and Half Year ended September 30, 2022".22-10-2022
KARUR VYSYA BANK LTD. - 590003 - Allotment of Equity Shares under Employee Stock Option Schemes
Karur Vysya Bank Ltd has informed BSE regarding "Allotment of Equity Shares under Employee Stock Option Schemes".22-10-2022
Q2FY23 Quarterly Result Announced for Karur Vysya Bank Ltd.
Karur Vysya Bank announced Q2FY23 results: Q2FY23: Net profit for the quarter grew by 52% and stood at Rs. 250 crore from Rs. 165 crore during Q2 of previous year. Operating profit for the quarter was Rs. 572 crore as compared to Rs. 375 crore for Q2 of previous year. Net interest income for the quarter improved by ~21% (Rs. 141 crore) to Rs. 821 crore for the current quarter vis-à-vis Rs. 680 crore for Q2 of previous year. Net interest margin stands at 4.07% up 33 bps from 3.74% a year ago. Cost of deposits has improved by 24 bps and stands at 4.08% as compared to 4.32% during the previous year. Yield on advances is at 8.55% (8.62% for Q2 of previous year). Non-interest income for the quarter is Rs. 242 crore during the current quarter as compared to Rs. 165 crore a year ago. Fee based income has improved by Rs, 30 crore on YoY basis to Rs. 174 crore from Rs. 144 crore during the previous year. Operating expenses for the quarter was Rs. 491 crore as compared to Rs. 470 crore during Q2 of previous year. Cost to income ratio stands at 46.16% (55.57% for Q2 of previous year). H1FY23: Net profit for the half year registered a robust growth of 74.8% (Rs. 205 crore) and stood at Rs. 479 crore from Rs. 274 crore during corresponding period of previous year. Operating profit for the half year was at Rs. 1,048 crore, as compared to Rs. 787 crore for H1 of the previous year. Net interest income for the half year increased by 18.9% to Rs. 1,567 crore vis-à-vis Rs. 1,318 crore for H1 of FY 2021-22. Net interest margin stands at 3.95% up by 30 bps as compared to 3.65% during the first half of the previous year. Cost of deposits has improved by 33 bps and stands at 4.09% as compared to 4.42% during the H1 of previous year. Yield on advances is at 8.41% as compared to 8.59% during the first half of the previous year, Commission and fee based income has improved by 24.5% (Rs. 71 crore) on YoY basis to Rs. 361 crore from Rs. 290 crore for H1 of the previous year. Operating expenses for the half year was Rs. 960 crore as compared to Rs. 899 crore during first half of FY 2021-22. Result PDF21-10-2022
Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow
NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago21-10-2022
KARUR VYSYA BANK LTD. - 590003 - Results Press Release for September 30, 2022
Karur Vysya Bank Ltd has informed BSE about : 1. Result Press Release for the period ended September 30, 202221-10-2022
KARUR VYSYA BANK LTD. - 590003 - Investor Presentation
Karur Vysya Bank Ltd has submitted to BSE a copy of Investor Presentation on the Unaudited Financial Results of the Bank for the Quarter & Half Year ended September 30, 2022.21-10-2022
KARUR VYSYA BANK LTD. - 590003 - Standalone Financial Results, Limited Review Report for September 30, 2022
Karur Vysya Bank Ltd has informed BSE about : 1. Standalone Financial Results for the period ended September 30, 20222. Standalone Limited Review for the period ended September 30, 20223. Standalone Cash Flow Statement for the period ended September 30, 202221-10-2022
KARUR VYSYA BANK LTD. - 590003 - Intimation of Conference Call with Investors and Analysts
Karur Vysya Bank Ltd has informed BSE regarding "Intimation of Conference Call with Investors and Analysts".19-10-2022
Karur Vysya Bank re-appoints KG Mohan as board member for 3 yrs
Karur Vysya Bank (KVB) on Thursday said it has re-appointed non-executive independent director KG Mohan for three years on its board. The first term of Mohan was completed on October 11, 2022. He was re-appointed by the board in its meeting on September 22, 2022, for the second term of three years with effect from October 12, 2022, as an additional director under the independent category, the bank said in a regulatory filing. Mohan's re-appointment is subject to the bank's shareholders' approval. Shares of KVB were trading at Rs 82.50 apiece on BSE, down by 0.18 per cent from the previous close.13-10-2022