Karur Vysya Bank

Karur Vysya Bank achieved a significant milestone of INR 2 lakh crores in total business for Q2 FY26, with net profit rising 17% year-on-year to INR 574 crores. The bank reported total business of INR 2,03,216 crores, reflecting 15% annual growth, with advances at INR 92,724 crores and deposits at INR 1,10,492 crores, both growing 15% year-on-year. Net interest margin was maintained at 3.77%, down 9 basis points sequentially. The quarter included a major recovery of INR 295 crores from a written-off account, comprising INR 157 crores principal and INR 139 crores interest. Fresh slippages increased to INR 350 crores from INR 188 crores in the previous quarter, with INR 218 crores originating from two corporate accounts that management chose to recognize early. Gross NPAs increased slightly from 0.66% to 0.76%, while net NPAs remained steady at 0.19%. The bank maintained its full-year guidance of 3.7%-3.75% for net interest margins and expects to keep gross NPAs below 1.5%. CASA balances crossed INR 30,000 crores, and the bank opened 7 branches in the first half with plans for 21 more branches during the year.

Karur Vysya Bank announced its quarterly results for the quarter ended September 30, 2025. The bank reported a net profit of Rs 521.45 crore compared to Rs 573.96 crore in the previous quarter. Interest earned increased to Rs 2,568.55 crore from Rs 2,386.53 crore in the prior quarter. Total income rose to Rs 3,320.29 crore from Rs 3,015.80 crore. Operating expenses stood at Rs 730.07 crore versus Rs 690.46 crore in the previous quarter. The bank's gross NPA ratio improved to 0.76% from 1.10% in the corresponding period last year, while net NPA ratio was 0.19% compared to 0.28% previously. Capital adequacy ratio under Basel III stood at 16.58%. Return on assets was 1.72% on an annualized basis. The bank operates across Treasury, Corporate/Wholesale banking, Retail banking, and other banking operations segments.

Karur Vysya Bank reported net profit of 5.74 billion rupees in Q2, representing a year-over-year increase from 4.74 billion rupees. Revenue grew to 28.08 billion rupees compared to 23.8 billion rupees in the same period last year. The bank's gross non-performing assets (GNPA) ratio increased to 0.76% from 0.66% on a quarter-over-quarter basis, while net non-performing assets (NNPA) ratio remained stable at 0.19%.