Karur Vysya Bank shares rose after it reported a healthy growth in its business metrics for the quarter ended December 2025
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Considering the moderation in slippage ratio and adequate PCR, CareEdge Ratings anticipates the Karur Vysya Bank's asset quality to remain stable in the medium term.
Karur Vysya Bank on Friday reported a 21 per cent growth in net profit to Rs 574 crore for the second quarter ended September 30. The private sector bank had a net profit of Rs 474 crore for the July-September quarter. Total income rose to Rs 3,320 crore in Q2 against Rs 2,856 crore in Q2 of FY25. Provisioning also increased to Rs 274 crore during the September quarter of FY26, from Rs 180 crore in the year-ago period. Shares of Karur Vyasya Bank settled at Rs 227.40 apiece, up 0.46 per cent over the previous close on the BSE.
Private sector Karur Vysya Bank on Friday reduced the marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.10 percentage points) across all tenors, making loans linked to the benchmark cheaper. The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, will be at 9.45 per cent against the existing rate of 9.55 per cent, Karur Vsysa Bank said in a regulatory filing. Among others, the rate of one-month, three-month, and six-month tenors will be in the range of 9.30-9.45 per cent. The MCLR on overnight tenor will be 9.15 per cent against 9.25 per cent. The new MCLR of the bank will come into effect from September 7, it said. It is to be noted that the Reserve Bank of India (RBI) last month kept its benchmark lending rate unchanged at 5.5 per cent.
Private sector Karur Vysya Bank has strengthened its footprint with the inauguration of three new branches in Maharashtra, Andhra Pradesh and Tamil Nadu. The Karur-based bank has opened a new branch in KK Nagar, Udayanpatti, Tiruchirappalli in Tamil Nadu, Thane in Maharashtra, and Kurnool in Andhra Pradesh, the bank's Managing Director and CEO Ramesh Babu said. The new branches, which were inaugurated on Monday, would offer a comprehensive range of banking services including accounts, deposits and loans. It would also provide all banking transactions and would meet the specific needs of the customers, a press release from the bank said on Tuesday. Commenting on the branch expansion, Babu said, It is a part of the strategic initiative to strengthen the bank's presence in potential markets and bring services closer to customers. "At KVB, we are continuously working to enhance our service delivery through a combination of physical branches and digital platforms. Last financial year, w
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Private sector Karur Vysya Bank expects its credit growth to be more than 2 per cent over the industry's overall growth during the current financial year, a top official said. The Tamil Nadu-based bank has lined up plans to open 28 new branches before the first half of the current financial year, particularly in Southern and Western parts of the country, the Bank's Managing Director and CEO, Ramesh Babu, said. The financial landscape is witnessing a dramatic transformation globally as well as in India, driven by technological innovations, changing consumer preferences and the emergence of alternative business models, he said. "The Reserve Bank of India is expected to adopt a more accommodative monetary policy stance. This could involve further rate cuts to stimulate domestic demand and support economic growth. The sudden escalation at the border has also added more uncertainties for the coming year," Babu told analysts recently, during the Q4 FY2025 Earnings Conference ...
KVB reports its highest-ever annual profit of Rs 1,942 crore in FY25 and posts strong Q4 growth in deposits, advances, asset quality and RAM performance
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The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year
Karur Vysya share price: Karur Vysya Bank said its net profit for Q3FY25 increased 20.5 per cent year-on-year (Y-o-Y) to Rs 496.03 crore
Private sector Karur Vysya Bank has inaugurated two more branches, taking the overall branch network to 475 in Tamil Nadu, the bank said on Sunday. The Tamil Nadu-based bank inaugurated two branches, one each in Chennai and the other at Tiruchirappalli. According to a press release, during the current financial year, the company has added 28 new branches, taking the overall presence of the banking network to 866 across the country. The new branches would provide basic banking transactions and would also address the specific needs of customers. It would also provide banking and financial services covering retail, institutional and consumer lending. As on September 30, 2024, the bank's total business stood at Rs 1,76,138 crore with a deposit base of Rs 95,839 crore and advances at Rs 80,299 crore. In the last financial year, the bank recorded its highest net profit of Rs 1,605 crore, the release added.
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The lender's advances increased by 13.96 per cent Y-o-Y to Rs 82,842 crore, while deposits grew by 15.75 per cent Y-o-Y to Rs 99,155 crore as of the end of December 2024
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"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "
Private sector Karur Vysya Bank on Thursday reported a 25.13 per cent rise, on its net profits for the July-September quarter at Rs 473.60 crore, a top official said. The Tamil Nadu-based bank recorded a net profits of Rs 378.45 crore during the corresponding quarter of last year. Net profits for the six-month period ending September 30, 2024, grew by 26.46 per cent, to Rs 932 crore as compared to Rs 737 crore recorded in the corresponding period of last year. Total income during the quarter under review soared to Rs 2,856.01 crore from Rs 2,335.97 crore registered in the same quarter of last financial year. "We have achieved another strong quarter of performance, guided by our three key metrics - growth, profitability and asset quality. The bank's performance indicators align with our guidance, demonstrating consistent and steady growth," the bank's Managing Director and CEO Ramesh Babu B said in a statement. The total business of the bank as on September 30, 2024, stood at Rs ..
Operating expenses for the quarter were Rs 667 crore compared to Rs 582 crore during the corresponding quarter of the previous year