Karur Vysya Bank

Karur Vysya Bank opened a new branch in Kochadai Village of Madurai West, bringing the total number of branches in the city to 48. The branch was inaugurated by Dr. Koothan U.T and Dr. Hemalekha. With this expansion, KVB now operates 896 branches across India and 2,226 ATMs and cash recyclers. The new branch will offer comprehensive banking services including accounts, deposits, loans, and will cater to retail, institutional and consumer lending needs. Managing Director CEO Ramesh Babu stated this expansion strengthens their mission to drive financial inclusion and provide modern banking facilities to the local population. The bank reported total business of Rs. 2,03,216 crores as of September 30, 2025, with deposits of Rs. 1,10,492 crores and advances of Rs. 92,724 crores. Net profit for Q2 FY26 was Rs. 574 crores with Net NPA at 0.19%.

Karur Vysya Bank has provided CSR support to Sneha Sandhya Age Care Foundation for constructing an integrated palliative and geriatric care facility in Visakhapatnam. The bank's contribution enabled the construction and equipping of an entire inpatient wing with 16 inpatient rooms and two nursing stations under Block-C. The facility, developed over 1.08 acres, will provide specialized services including geriatric care, palliative care, respite care, and dementia residential care. This initiative is part of KVB Aarogya, the bank's flagship CSR healthcare program. Sneha Sandhya Age Care Foundation, established in 2012, was the first organization to start palliative care services in Andhra Pradesh outside Hyderabad. The facility is nearing completion and will serve hundreds of patients annually while training medical professionals in geriatric and palliative care.

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.