Karur Vysya Bank posts Rs 521 cr Q1 profit
Driven by consistent growth across key segments, the bank's total business surged to ₹1,96,024 crore, a 15.27% year-on-year (YoY) increase. Total deposits stood at Rs 1,06,650 crore, up 15.49% YoY, while advances climbed to ₹89,374 crore, reflecting a 15.01% YoY rise.
The Retail, Agri, and MSME (RAM) loan portfolio recorded robust growth of 19.52% YoY, highlighting the bank's continued push towards inclusive credit expansion.
In a key development, the Board of Directors approved the issuance of bonus equity shares in the ratio of 1:5, one share for every five held — subject to shareholder approval.
The bank's operating performance remained resilient, with Pre-Provision Operating Profit (PPOP) rising by 7.91% YoY to Rs 805 crore. Net Interest Income (NII) increased by 5.16% to ₹1,080 crore. However, the Net Interest Margin (NIM) eased to 3.86%, down 28 basis points from the previous year. The cost-to-income ratio stood at 47.24%, indicating prudent cost control, while Return on Assets (ROA) was a healthy 1.73%.
KVB's other income jumped 16.10% YoY, and commission and fee-based income rose 5.02% sequentially to ₹251 crore. Operating expenses for the quarter were ₹721 crore, compared to ₹667 crore in Q1 of the previous year.
Asset quality improved significantly during the quarter. Gross Non-Performing Assets (GNPA) declined sharply to 0.66%(₹593 crore) from 1.32% (₹1,025 crore) a year ago, while Net NPA dropped to **0.19%** (₹170 crore) from 0.38% (₹294 crore). The Provision Coverage Ratio (PCR) strengthened to 96.76%, reflecting robust credit risk management.
The bank's capital adequacy remains strong, with a Capital Adequacy Ratio (CAR) of 17.36% under Basel III norms, up from 16.47% in the previous year and well above the regulatory requirement of 11.50%. Tier 1 capital stood at 16.33%.
As of June 30, 2025, the bank's physical and digital presence expanded to 888 branches, one Digital Banking Unit, and 2,226 ATMs/Cash Recyclers. With 55% of its branches located in semi-urban and rural areas, KVB continues to deepen its footprint in underserved regions. It is also supported by 374 business correspondents.
Commenting on the results, B Ramesh Babu, Managing Director & CEO, said, "We are pleased to report that our performance metrics are in line with our guidance. Our growth strategy remains consistent, and this quarter's results underscore our operational resilience. The Bank continues to deliver inclusive and sustainable growth across all parameters — business expansion, profitability, and asset quality."
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