karur vysya bank has confirmed that Ravikumar Sadhana took charge as Chief General Manager and Head of Corporate & Commercial Banking on July 23, 2026. The appointment, approved by the Board of Directors during its meeting on July 20, 2026, is for a fixed term of three years from the date he assumes office. Sadhana joins the bank’s Senior Management Personnel and Key Managerial Personnel, bringing extensive experience from his previous tenure at State Bank of India, where he served in various roles from 1994 until his superannuation on May 31, 2026. His last role at SBI was Chief General Manager, Operations - Corporate Banking.

The Board meeting, which commenced at 12.45 P.M. and concluded at 4.30 P.M., formalized the appointment previously intimated to the exchanges. The specific date of taking charge was initially expected to be informed later but has now been finalized as July 23, 2026. This leadership addition aims to strengthen the bank's corporate lending and commercial banking operations.

Key Details of Appointment

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The required disclosures as per SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed as Annexure-I. The intimation was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer.

Karur Vysya Bank reported a 45% year-on-year increase in net profit to ₹756 crore for the quarter ended June 30, 2026, compared to ₹521 crore in the corresponding period of the previous year. The bank's total business grew by 15.94% YoY to ₹2,27,267 crore, driven by a 17.13% surge in advances which crossed ₹1 trillion to reach ₹1,04,680 crore. The Board of Directors approved the unaudited financial results at its meeting held on July 20, 2026. Management noted that Q1 performance was broadly in line with earlier guidance, while cautioning that the strong Q1 growth should not be considered an indicator for full-year growth at the same tempo, as business growth was front-loaded in Q1 and potentially Q2.

Key Financial Highlights

The bank's performance was marked by improved profitability metrics and robust balance sheet growth. A summary of the key financial figures is presented below:

Asset Quality and Provisions

Karur Vysya Bank's asset quality remained stable, with the Gross Non-Performing Assets (GNPA) ratio at 0.74% and Net Non-Performing Assets (NNPA) ratio at 0.19% for the quarter ended June 30, 2026. The Provision Coverage Ratio stood at 96.21%, compared to 96.76% recorded in the corresponding period of the previous year. Gross NPAs increased to ₹772 crore from ₹593 crore in the year-ago quarter, while Net NPAs rose to ₹196 crore from ₹170 crore.

Capital Adequacy and Ratios

The bank maintained a strong capital position, with a Capital Adequacy Ratio (Basel III) of 18.61% as of June 30, 2026, compared to 17.36% in the prior year. Tier 1 capital improved to 17.98% from 15.58%. The Return on Assets (annualised) stood at 2.11%, while the Return on Equity was 20.24% for the quarter. The Net Interest Margin improved to 4.26%, an increase of 40 basis points YoY.

Management Guidance — Concall Update

During the post-results concall held on July 20, 2026, at 6:30 P.M. (IST), management shared key guidance parameters for the remainder of FY2026-27. The bank's overall outlook remains one of cautious and moderate growth. The guidance details are summarised below:

Management highlighted that while the full-year NIM guidance stands at 3.7% to 3.8%, the next quarter is expected to remain at 4% plus, with the full-year guidance to be reviewed at the end of September. On asset quality, the bank guided for Gross NPA to remain below 1.5%, Net NPA below 1%, and slippage below 1% of the loan book. Credit growth is expected to be maintained at 1% to 2% above industry growth for the rest of the quarters, with management emphasising a cautious and moderate growth approach for FY2026-27. The audio recording of the conference call has been made available on the bank's website pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.