Yes Securities has reaffirmed a Buy rating on Karur Vysya Bank, setting a target price of ₹375 per share.
The brokerage highlighted the lender’s expanding net interest margin (NIM) and sustained loan growth as key drivers for the positive outlook.
The broker’s note follows the bank’s announcement of a record quarterly net profit of ₹756 crore for the period ended June 2026, a 45% year-on-year surge.
In the first quarter of fiscal 2027, Karur Vysya Bank reported a NIM of 4.26%, representing a 40 basis point increase year-on-year.
This performance significantly outpaced the management’s full-year FY27 guidance range of 3.7% to 3.8%, signaling stronger-than-expected pricing power and asset quality in the current cycle.
The broker’s note follows the bank’s announcement of a record quarterly net profit of ₹756 crore for the period ended June 2026, a 45% year-on-year surge.
The private sector lender attributed the bottom-line expansion to robust growth in its core lending book, reinforcing investor confidence in its operational trajectory.