Karur Vysya Bank achieves ₹2 lakh crore business, reports strong Q2 FY26 results with 15% YoY growth
Karur Vysya Bank achieved ₹2 lakh crore business, reporting strong Q2 FY26 results with 15% YoY growth in advances and deposits. Net profit rose 17% YoY. NIM held at 3.77%, with robust asset quality maintained despite some corporate slippages.
This announcement details comprehensive financial results for Q2 FY26, including strong growth, profitability, and asset quality, along with future guidance. Such information is crucial for investor valuation and strategic decision-making, signifying a high impact on the company's outlook.
The bank reported strong growth across all key metrics including total business, advances, and deposits, along with significant increases in operating and net profits. Despite some corporate slippages, asset quality metrics like Net NPA and SMA 30-plus levels remain controlled, and ROA exceeded guidance, indicating robust financial health and effective management.
Karur Vysya Bank announced its unaudited financial results for the quarter and half year ended September 30, 2025, discussing the performance during a conference call held on October 17, 2025, the transcript of which was released on October 24, 2025. * The bank achieved a significant milestone by reaching ₹2 lakh crores in business, having added ₹75,000 crores over the past 3.5 years. * Total business reached ₹2,03,216 crores, reflecting a 4% quarter-on-quarter (QoQ) and 15% year-on-year (YoY) growth. * Advances rose to ₹92,724 crores and deposits increased to ₹1,10,492 crores, both growing 4% QoQ and 15% YoY. * CASA balances crossed ₹30,000 crores, growing 4% over the same period. * Net Interest Margin (NIM) was maintained at 3.77%, a decrease of 9 basis points from the previous quarter, with management guiding for a full-year NIM of 3.7% to 3.75%. * Operating profit for the quarter was ₹1,017 crores, a 25% YoY and 26% QoQ increase, propelled by recoveries. * Net profit stood at ₹574 crores, up 10% QoQ and 17% YoY. * The bank reported a major recovery of ₹295 crores from a technically written-off account, comprising ₹157 crores principal and ₹139 crores interest. * Fresh slippages totaled ₹350 crores, including ₹218 crores from the corporate book, for which ₹186 crores was provisioned. * Gross NPAs slightly increased from 0.66% to 0.76%, while Net NPAs remained steady at 0.19%, with a commitment to keep it below 1%. * SMA 30-plus levels decreased to 0.27% from 0.6% in the previous quarter. * Return on Assets (ROA) for the quarter was 1.81%, exceeding the guided range of 1.55% to 1.65%. * CRAR Basel III remained healthy at 16.58%. * The bank opened 7 new branches and plans to open 21 more during the current year. * Management maintains a cautiously optimistic outlook for the second half of FY26, emphasizing margin management and asset quality monitoring. * Future guidance: Credit growth around 2% above industry, Gross NPA less than 1.5%, Net NPA less than 1%, and slippages less than 1% of the loan book.
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