The study was a kind of eye opener in the sense that
it showed that smaller banks like Karur Vyasa Bank and City Union Bank
are more efficient than their larger peers. Karur Vyasa Bank boasts of
third highest RoA (return on assets) in the industry. That coupled with
above average net interest margin (NIM) helped it sneaking in the list
of top 10 most efficient banks.
...
Karur Vyasa Bank features here as well and with this,
it has managed to do extremely well on three of the four parameters.
The only reason that its overall rank was dragged down was due to its
smaller size.
...
ON this parameter too, Federal Bank ranks the best
followed by Yes Bank and Indian Bank. Federal Bank has the highest CAR
(capital adequacy ratio) along with one of the lowest non-performing
assets (NPAs). Karur Vyasa Bank comes as a strong bank even on this
count.
Joined: 09/Feb/2007
Location: United States
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Posted: 24/Nov/2009 at 3:00am
Originally posted by deveshkayal
40% CASA stocks are priced to perfection @ 3x BV. Even if CASA improves by 3% over next 2 years, it will boost margins by atleast 20bps. Valuations will look cheap on P/BV when equity is diluted next year. From FY11 perspective, this one is trading at around 0.9x BV.
Deveshji, Please translate it into Hinglish for us poor souls. :)
Be fearful when others are greedy and be greedy when others are fearful.
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 24/Nov/2009 at 7:40am
Good stable compounder.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2006
Location: India
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Posted: 24/Nov/2009 at 11:33am
Originally posted by smartcat
CASA means Money ("small change" actually) in Kannada.
BV means Wife in Hindi
bps means Bipasha (bips)
Pee by BV -> don't know why Devesh mentioned this.
One of the best explanations on TED.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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