Banks in south in for good times: Report
The South-based mid-sized private sector lenders are poised to see accelerated earnings growth going ahead as their asset quality ratios have peaked out and loan growth is likely to revive after remaining muted over the past couple of years, said a report by ICICI Securities.
By : migrator
Update: 2017-10-19 19:37 GMT
Mumbai
Also, the niche positioning in their respective home markets will help banks like Federal Bank, Lakshmi Vilas Bank, South Indian Bank, City Union Bank and Karur Vysya Bank to grow faster, it said.
“We prefer banks with superior earnings growth, stable asset quality, granular loan mix and adequate capital. We expect these five banks to witness a loan CAGR of 11-22 pc and earnings CAGR of 12-25 pc over the next two years,” it said.
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