Karur Vysya Bank Ltd

The private sector bank reported 64 per cent increase in net profit at ₹1,106 crore, buoyed by a strong increase in net interest income and other income amid higher provisions

Deposit accretion also maintains momentum, with most major lenders reporting over 15% growth

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Emkay Global

Total deposits grew 14 per cent at ₹76,175 crore

We zoom in on the prospects of Karur Vysya Bank, as also of two other stocks — Tata Chemicals and CARE Ratings

The lender’s asset quality also shown improvement during the latest quarter

Here is what the charts say about the shares of Ashok Leyland, Biocon and Karur Vysya Bank

KSL analysts observed the shift given that asset quality has normalised and banks don’t face any challenges

Net interest income grows 17% to ₹746 crore

Asset quality of bank also shows good improvement

Bank reported a seven per cent year-on-year growth in gross advances as on December 31, 2021