Karur Vysya Bank has released its quarterly business update for Q3FY26 under SEBI LODR Regulations, showing strong growth across all key business parameters. The bank reported total business growth of 16.29% year-on-year, demonstrating robust operational performance and market expansion.

Q3FY26 Business Performance Overview

The bank delivered impressive growth metrics during the quarter ended December 31, 2025. Total business reached ₹2,11,643 crore, marking a significant 16.29% increase compared to the same period last year. Sequential growth of 4.15% from the September quarter indicates sustained momentum across business segments.

Strong Advances Growth Continues

The bank's advances portfolio reached ₹97,048 crore, reflecting robust 17.15% year-on-year growth. This represents the highest growth rate among all business segments, indicating strong credit demand and effective lending strategies. Quarter-on-quarter growth of 4.66% demonstrates consistent credit expansion momentum.

Deposit Mobilization Shows Steady Progress

Total deposits grew to ₹1,14,595 crore, marking a healthy 15.57% increase compared to the previous year. The sequential growth of 3.71% from Q2FY26 reflects the bank's continued success in attracting customer deposits and strengthening its funding base.

CASA Performance Remains Positive

Current Account and Savings Account deposits reached ₹31,199 crore, showing 10.76% year-on-year growth. The 2.11% quarter-on-quarter increase indicates steady improvement in low-cost deposit mobilization, which is crucial for maintaining healthy net interest margins.

Regulatory Compliance and Disclosure

The business update was filed under SEBI Listing Obligations and Disclosure Requirements Regulation 2015, along with compliance to Prohibition of Insider Trading Regulations 2015. The bank noted that the disclosed information is subject to limited review by statutory auditors, ensuring transparency and regulatory adherence.

Karur Vysya Bank Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of Dr. Mythili Vutukuru as Non-Executive Independent Director. The voting results, announced on December 20, 2025, showed strong support for the board appointment with 99.99% votes cast in favor of the resolution.

Postal Ballot Results

The special resolution for Dr. Vutukuru's appointment received exceptional shareholder support across all categories:

Dr. Vutukuru's Appointment Details

Professional Background

Dr. Mythili Vutukuru brings extensive Information Technology expertise to the bank's board. She currently serves as an Associate Professor in the Department of Computer Science and Engineering at IIT Bombay and holds a Ph.D. in Electrical Engineering and Computer Science from MIT. Her specialization areas include operating systems, computer networking, virtualization, and cloud computing. Additionally, she has been a member of the Standing Committee on Technology at NSE Clearing Limited since 2021.

Voting Process and Compliance

The e-voting process was conducted through National Securities Depository Limited (NSDL) platform, with votes being unblocked on December 20, 2025, at 5:07 PM in the presence of independent witnesses. The appointment complies with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and aligns with the Banking Regulation Act, 1949's requirement for specialized knowledge on bank boards.

The scrutinizer's report was prepared by R.K. Bapulal (FCS: 5893), Senior Partner of Bapulal Yasar & Associates, confirming the validity of the voting process and results. The bank has displayed the complete voting results on its website and the NSDL e-voting portal for transparency.