Karur Vysya Bank inaugurated two new branches on September 23, 2026, expanding its network to 921 outlets. The bank simultaneously reported its highest-ever quarterly net profit of ₹756 crore for Q1FY27.

The new branches in Coimbatore and Labbaikudikadu aim to deepen retail penetration in Tamil Nadu. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of June 30, 2026, the bank's total business stood at ₹2,27,267 crore.

Branch details and inauguration

The two new outlets began operations simultaneously on September 23. The Coimbatore branch, serial number 920, was inaugurated by Dr. M. Raveendran, Registrar (In-Charge) and Acting Vice-Chancellor, Tamil Nadu Agricultural University. The Labbaikudikadu branch, serial number 921, was inaugurated by Shri M. Sivakumar, Revenue Inspector, Vadakkalur Firka.

Srinivasarao Maddirala, Company Secretary and Compliance Officer, signed the intimation. The Coimbatore branch serves retail, MSME, and agricultural customers in an industrial hub, while the Labbaikudikadu branch targets agricultural and semi-urban catchments in Perambalur district.

Financial performance and network

The bank reported its highest-ever net profit of ₹756 crore for Q1FY27. This performance comes alongside a robust balance sheet expansion. As of June 30, 2026, KVB's total business comprised deposits of ₹1,22,587 crore and advances of ₹1,04,680 crore.

The bank operates through a network of 921 branches and has 2,169 ATMs and cash recyclers across the country. Ramesh Babu, Managing Director & CEO, stated that the growth is aimed at reaching customers who power the business, particularly MSMEs and agricultural businesses in the home market of Tamil Nadu.

Digital integration

Both new branches are backed by the bank's digital banking services, including the KVB DLite mobile app. The application offers more than 150 financial and non-financial services, enabling seamless banking for customers in these newly penetrated regions.

Karur Vysya Bank has revised its lending rates upward, with the changes taking effect from September 22, 2026.

Revised lending rate details

The bank has updated three key benchmark rates. The following table outlines the revised figures:

The Marginal Cost of Funds based Lending Rate (MCLR), Base Rate, and Benchmark Prime Lending Rate (BPLR) are key reference rates that banks use to price loans across various categories of borrowers. These rates serve as the floor for lending across different loan products offered by the bank.