Karur Vysya Bank Q3FY26 Net Profit Surges 39% to ₹690 Crore
Karur Vysya Bank reported a 39% YoY increase in Q3FY26 net profit to ₹690 crore. Nine-month profit rose 25% to ₹1,785 crore. Total business reached ₹2,11,647 crore, with deposits up 15.57% and advances up 17.16% YoY. GNPA improved to 0.71%.
The significant increase in profitability and growth metrics, coupled with improved asset quality, is a material positive development for the bank.
The bank reported strong year-on-year growth in net profit, total business, deposits, and advances, along with improvements in asset quality.
Karur Vysya Bank announced its financial results for the quarter and nine months ended December 31, 2025. The Bank reported a significant 39% year-on-year increase in net profit for the third quarter of FY26, reaching ₹690 crore, up from ₹496 crore in the corresponding quarter of the previous year. For the nine months ended December 31, 2025, the net profit grew by a robust 25% to ₹1,785 crore compared to ₹1,428 crore in the same period last year.
Total business crossed ₹2,11,647 crore, marking a 16.29% year-on-year growth. Deposits grew by 15.57% year-on-year to ₹1,14,595 crore, and total advances increased by 17.16% year-on-year to ₹97,052 crore. The bank's PPOP (Profit Before Provision and Contingencies) for the quarter increased by 23.31% year-on-year to ₹1,005 crore.
Asset quality showed improvement, with Gross Non-Performing Assets (GNPA) at 0.71% and Net Non-Performing Assets (NNPA) at 0.19% as of December 31, 2025. The Capital Adequacy Ratio (CRAR) under Basel III guidelines stood at 16.05%. The bank's distribution network expanded to 898 branches and 2,211 ATMs/Cash Recyclers as of December 31, 2025.
Mr. Ramesh Babu B, Managing Director & CEO, commented, "Our current performance indicators remain aligned with the guidance previously issued. The stability across all three key metrics — growth, profitability, and asset quality — demonstrates the sustained robustness and resilience of our operations since the beginning of the year."
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