Karur Vysya Bank (KVB) has demonstrated its commitment to both business expansion and corporate social responsibility through recent initiatives in Madurai and Visakhapatnam.

New Branch Opening in Madurai

KVB has expanded its presence in Madurai by opening a new branch in Kochadai Village of Madurai West. This addition brings the total number of branches in the city to 48. The branch was inaugurated by Dr. Koothan U.T and Dr. Hemalekha, marking a significant step in the bank's growth strategy.

Key Points of Expansion:

• KVB now operates 896 branches across India
• The bank has 2,226 ATMs and cash recyclers nationwide
• The new branch will offer comprehensive banking services, including accounts, deposits, and loans
• It will cater to retail, institutional, and consumer lending needs

Managing Director & CEO Ramesh Babu stated that this expansion strengthens their mission to drive financial inclusion and provide modern banking facilities to the local population.

Financial Performance

KVB reported the following financial figures:

Net NPA stood at 0.19%.

Healthcare CSR Initiative in Visakhapatnam

In addition to its business expansion, KVB has taken a significant step in corporate social responsibility by supporting the construction of an integrated palliative and geriatric care facility in Visakhapatnam. This initiative is part of KVB's flagship CSR healthcare program 'KVB Aarogya'.

Key Highlights of the CSR Initiative:

• Beneficiary: Sneha Sandhya Age Care Foundation
• Project: Integrated Facility for Palliative and Geriatric Care Services
• KVB's Contribution: Construction and equipping of an entire inpatient wing (Level-1, C-Block)
• Facility Features: 16 inpatient rooms and two nursing stations

The new facility, developed over 1.08 acres, will offer a range of specialized services including geriatric care, adult & pediatric palliative care, respite care, transitional care, rehabilitative care, day care, dementia residential care, and end-of-life care.

Impact and Significance

This CSR initiative is set to make a substantial impact on healthcare in the region:

• Sneha Sandhya Age Care Foundation, established in 2012, was the first to start palliative care services in Andhra Pradesh outside Hyderabad
• The new facility will serve hundreds of patients annually
• It will also function as a training center for medical and paramedical professionals in geriatric and palliative care

Mr. Ramesh Babu emphasized KVB's aim to "touch lives meaningfully by supporting inclusive and humane healthcare initiatives." Dr. N. S. Raju, Managing Trustee of Sneha Sandhya Age Care Foundation, expressed gratitude for KVB's support, stating that it has been "instrumental in turning our vision into reality."

Through these initiatives, Karur Vysya Bank continues to demonstrate its commitment to both business growth and social responsibility, contributing to financial inclusion and healthcare improvement in India.

Karur Vysya Bank (KVB) has achieved a significant milestone in Q2 FY26, crossing the INR 2 lakh crore mark in total business. The bank reported a 17% year-on-year increase in net profit, reaching INR 574.00 crores for the quarter ended September 30, 2025.

Key Financial Highlights

The bank's total business stood at INR 2,03,216.00 crores, reflecting a robust 15% annual growth. Both advances and deposits grew by 15% year-on-year, reaching INR 92,724.00 crores and INR 1,10,492.00 crores, respectively.

Asset Quality and Recoveries

KVB reported a slight increase in Gross Non-Performing Assets (NPAs) from 0.66% to 0.76%, while Net NPAs remained steady at 0.19%. The bank made a significant recovery of INR 295.00 crores from a written-off account, comprising INR 157.00 crores in principal and INR 139.00 crores in interest.

Fresh slippages increased to INR 350.00 crores from INR 188.00 crores in the previous quarter. Notably, INR 218.00 crores of these slippages originated from two corporate accounts that the management chose to recognize early.

Business Mix and Growth Drivers

The bank's business mix remained stable, with Retail, Agriculture, and MSME (RAM) verticals constituting 86% of the business, while corporate banking accounted for 14%. RAM verticals grew by 4% quarter-on-quarter and 19% year-on-year.

Segment-wise Performance

Retail advances saw a 7% quarter-on-quarter increase, driven primarily by growth in jewel loans and mortgage loans. The agriculture loan portfolio, dominated by jewel loans (91% of the portfolio), recorded a 4% growth during the quarter.

Profitability and Margins

The bank maintained its net interest margin at 3.77%, down 9 basis points sequentially. The operating profit for the quarter stood at INR 1,017.00 crores, reflecting a 25% increase compared to the same quarter in the previous year.

Future Outlook

KVB has maintained its full-year guidance of 3.7%-3.75% for net interest margins and expects to keep gross NPAs below 1.5%. The bank opened 7 branches in the first half of FY26 and plans to open 21 more branches during the year.

B. Ramesh Babu, Managing Director and CEO of Karur Vysya Bank, commented on the results, stating, "Our sustained inclusive results across all three primary metrics - growth, profitability, and asset quality - underscore the continued strength and resilience of our performance since the year's outset."

The bank remains cautiously optimistic for the second half of FY26, focusing on managing margin pressures and closely monitoring asset quality while maintaining its growth trajectory.