KVB
ANTIQUE ON KARUR VYSYA BANK : 30.06.2021
* Antique interacts with Karur Vysya Bank's MD & CEO Ramesh Babu along with other senior management.
* Mgmt Endeavour Is To Improve ROA To 1% By FY23 & Sustain It On Ongoing Basis
* Near-term Slippages/Restructuring Pressure (Especially In SME) Could Stay
* Bk Hopeful Of Reigning In Stress In Other Segments & Recoveries From Legacy Assets
* We Factor Employee Cost/Opex To Average Assets To Decline 20/30 bps Over FY21-23
