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Thursday, September 6, 2012

ING Vysya's strong performance to continue

The strong performance of Karnataka-based ING Vysya Bank in the first quarter of FY13 is likely to continue through the rest of the fiscal. For its asset quality is good - due to the relatively low exposure to stressed sectors - loan growth is higher than average and CASA ratio and margins are stable.

The bank's loan growth, which has been about 3-4 per cent higher than the industry average over the past two years, is expected to continue on similar lines. ING Vysya's exposure to troubled sectors such as state electricity boards (SEBs), infrastructure, aviation, realty and oil companies is negligible, which indicates healthy asset quality.

Source: EconomicTimes


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