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Emkay Global Financial’s research report on Karur Vysya Bank
KVB has staged a strong recovery over the past two years, from its corporate asset quality woes. Bank reported net credit growth of 16% YoY in FY23, mainly led by strong traction in the retail/agri/MSME portfolio. Within Retail, mortgages remain the key growth driver; Bank now plans to accelerate gold loan growth too. Separately, KVB targets to gradually scale-up the MFI book, for which it is building the right team/processes. That said, the bank…
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