Karur Vysya Bank reported a strong performance for the financial year ended March 31, 2026, with net profit surging by 29% YoY to reach ₹2,510 crore. The bank witnessed robust business growth, with total business increasing by 15% to ₹2,14,420 crore. Asset quality remained healthy, with Gross NPA at 0.75% and a strong Provision Coverage Ratio of 96.45%, underscoring the bank’s sustained profitability and solid operational efficiency.
Fiscal Year Highlights
Karur Vysya Bank achieved significant milestones in FY 2025-26, characterized by sustained growth across its core business segments. The bank’s annual net profit climbed to ₹2,510 crore, a 29% increase over the previous year. Operating profit also saw a healthy rise of 27% to reach ₹4,075 crore. For the final quarter of the year (Q4), the bank recorded a net profit of ₹725 crore, reflecting a consistent growth trajectory.
Business Growth and Portfolio Composition
The bank’s total business expanded to ₹2,14,420 crore, representing a 15% year-on-year growth. Advances stood at ₹98,754 crore, up by 17% YoY, while deposits grew to ₹1,15,666 crore, a 13% rise. The growth was supported by the bank’s focus on granular, retail-oriented business, with retail advances showing a strong growth of 25% to reach ₹26,197 crore.
Asset Quality and Operational Strength
The bank maintained high standards of asset quality throughout the year. Gross NPA was reported at 0.75%, while Net NPA remained low at 0.19%. The bank’s prudent approach to risk is further reflected in its robust Provision Coverage Ratio (PCR) of 96.45%. Additionally, the bank’s strong capital position, with a CRAR of 18.76% as of March 2026, provides a solid foundation for future growth.
Digital Transformation
Digital adoption continues to be a key driver for the bank. The KVB DLite mobile application has surpassed 7 million total downloads and now facilitates over 2.5 million monthly transactions. With 97% of transactions now being served digitally, the bank’s strategic focus on technology has significantly enhanced operational efficiency and customer engagement.
Source: BSE
