Upgrade KVB stock to ‘buy’ on RoA recovery visibility

Upgrade KVB stock to ‘buy’ on RoA recovery visibility

The same gives us comfort to lower our credit cost assumption for FY22E to 1.7% vs 2.2% in FY21E (still higher than the 10-year historical average of 1.4%). Bringing the culture of ‘ownership’. KVB will roll out new performance-linked ESOP policy (starting Mar’21), covering ~90% of its workforce.
Check the source here –Source, Financial Express.
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