Karur Vysya Bank shows strong performance amid banking sector challenges

KVB has reported strong quarterly performance due to improved realisations and robust loan growth in targeted segments.

The bank's asset quality remains stable, with minimal exposure to unsecured loans.

Concerns persist regarding the CASA ratio, but KVB has maintained a respectable interest margin despite funding cost pressures.

The medium-term outlook is positive, supported by the "China plus" strategy and protectionist measures affecting the tyre industry.

However, the return on assets (RoA) may decline in the near future.

Valuations are considered reasonable given the bank's high RoA and potential for future growth.

KVB's market capitalization is ₹17,901 crore, with a current market price of ₹222.

Analysts rate the stock as "Overweight."

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