Karur Vysya Bank (KVB) reported strong financial performance in Q3 FY2025-26. Key highlights include a 16% YOY increase in business and deposits, and a 17% YOY rise in advances. Net profit also saw substantial growth, increasing by 25% YOY. The bank maintains robust asset quality, with GNPA at 0.71% and NNPA at 0.19%, showcasing effective risk management. CASA deposits continue to grow steadily, contributing to the bank’s overall stability.
Financial Performance
Karur Vysya Bank demonstrated robust financial results for Q3 FY2025-26, highlighting consistent growth across key metrics:
- Business: Total business reached ₹2,11,647 crore, up 16% YOY.
- Deposits: Increased to ₹1,14,595 crore, a 16% YOY growth.
- Advances: Rose to ₹97,052 crore, reflecting a 17% YOY increase.
- CASA: Stood at ₹31,199 crore, with 11% YOY growth.
- Net Profit: Achieved ₹1,785 crore, showcasing a significant 25% YOY surge.
Asset Quality
The bank maintained a strong asset quality profile:
- GNPA: Reported at 0.71%.
- NNPA: Stood at 0.19%.
- PCR: Remained high at 96.56%.
Key Ratios
Several key financial ratios reflect KVB’s solid operational efficiency:
- NIM: Reported at 3.88% for 9M.
- ROA: Stood at 1.87% for 9M.
Strategic Initiatives & Digital Transformation
KVB is focused on driving growth across verticals and enhancing its digital ecosystem:
- The bank is expanding its reach through a pan-India presence and strong regional network.
- KVB is focused on technological integration, with its DLite mobile banking app reaching 7M+ total downloads.
- The bank continues to emphasize environmental, social, and governance (ESG) practices.
Sectoral Composition of Advances
KVB’s advances are diversified across various sectors, including agri-jewel (22%) and manufacturing (22%). The bank continues to strategically manage its commercial and retail portfolios.
Source: BSE
