Gross non-performing assets (GNPA) has increased by 10 bps compared with Q1 of current financial year and stands at 0.76% of gross advances as on September 30, 2025 (Rs708 crore) and 1.10% as on September 30, 2024 (Rs886 crore).
FinTech BizNews Service
Mumbai, October 18, 2025: Karur Vysya Bank (‘the Bank’) announced its financial results for the Quarter/half year ended September 30, 2025 on Friday. The Bank continues its healthy performance in terms of business growth, profitability as well as asset quality.
BALANCE SHEET:
Balance sheet size as of September 30, 2025 was Rs1,30,099 crore as against Rs 112,236 crore as of September 30, 2024, a growth of 15.92%.
Total business as on 30th September 2025 stands at Rs 2,03,216 crore, registering a Y-o-Y growth of 15.37% i.e. up by Rs 27,078 crore from Rs 1,76,138 crore as on 30.09.2024.
Total deposits as on 30th September 2025 stands at Rs1,10,492 crore, registering a Y-o-Y growth of 15.29% i.e. up by Rs 14,653 crore from Rs 95,839 crore as on 30.09.2024.
Total advances as on 30th September 2025 stands at Rs92,724 crore, registering a Y-o-Y growth of 15.47% i.e. up by Rs 12,425 crore from Rs 80,299 crore as on 30.09.2024.
FINANCIAL PERFORMANCE – H1 FY 2026:
Net profit for the half year registered a robust growth of 17.49% and stood at Rs1,095 crore from Rs 932 crore during corresponding half year of the previous year.
PPOP for the half year increased by 16.71% is at Rs1,823 crore, as compared to Rs 1,562 crore for corresponding half year of the previous year.
Net interest income increased by 5.41% to Rs2,202 crore (excluding one off interest item)
vis-à-vis Rs 2,089 crore for corresponding half year of the previous year.
Net interest margin stands at 3.82% down by 31 bps as compared to 4.13% for the corresponding half year of the previous year. (excluding one off interest item)
Cost of deposits has increased by 17 bps and stands at 5.69% as compared to 5.52% for the corresponding half year of the previous year.
Yield on advances decreased to 9.88% by 23 bps as compared to 10.11% for the corresponding half year of the previous year.
Commission and fee based income has improved by 7.46% on Y-o-Y basis to Rs 504 crore from Rs 469 crore for corresponding half year of the previous year.
Operating expenses for the half year was Rs1,477 crore as compared to Rs 1,382 crore during the corresponding half year of the previous year.
Cost to income ratio stands at 44.76% (46.95% for H1 of previous year).
FINANCIAL PERFORMANCE – Q2 FY 2026 vs. Q2 FY2025:
Net profit for the quarter registered a robust growth of 21.35% and stood at Rs574 crore from Rs 473 crore during corresponding quarter of previous year.
PPOP for the quarter increased by 24.63% is at Rs1,017 crore, as compared to Rs 816 crore for corresponding quarter of the previous year.
Net interest income increased by 5.65% to Rs 1,122 crore (excluding one off interest income) crore vis-à-vis Rs 1,062 crore for corresponding quarter of previous year.
Net interest margin stands at 3.77% (excluding one off interest income) as compared to 4.12% for the corresponding quarter of the previous year.
The cost of deposits has increased by 4 bps and stands at 5.60% as compared to 5.56 % for the corresponding quarter of previous year.
Yield on advances reduced to 9.76% (excluding one off interest income) by 34 bps as compared to 10.10% for the corresponding quarter of the previous year.
Commission and fee based income has improved by 10.00% on Y-o-Y basis to Rs 253 crore from Rs 230 crore for corresponding quarter of the previous year.
Operating expenses for the quarter was Rs756 crore as compared to Rs 716 crore during the corresponding quarter of the previous year.
Cost to income ratio stands at 42.63% (46.72% for Q2 of previous year).
CAPITAL ADEQUACY:
Capital Adequacy Ratio (CRAR) as per Basel III guidelines was at 16.58% as on September 30, 2025 (16.28% as on September 30, 2024) as against a regulatory requirement of 11.50%. Tier 1 was at 15.58% as of September 30, 2025 compared to 15.39% as of September 30, 2024. Risk-weighted Assets were at Rs 72,498 crore as on September 30, 2025 (Rs 63,263 crore as at September 30, 2024).
ASSET QUALITY:
Gross non-performing assets (GNPA) has increased by 10 bps compared with Q1 of current financial year and stands at 0.76% of gross advances as on September 30, 2025 (Rs 708 crore) and 1.10% as on September 30, 2024 (Rs 886 crore).
Net non-performing assets (NNPA) has remained at the existing level compared with Q1 of current year and stands at 0.19% of net advances as on September 30, 2025 (Rs 176 crore) and has decreased by 9 bps YOY at 0.28% as on September 30, 2024 (Rs 219 crore).
Provision Coverage Ratio (PCR) was at 96.76% as at September 30, 2025, as against 96.09% as at September 30, 2024.
NETWORK:
As of September 30, 2025, the Bank’s distribution network stands at 895 branches and 1 Digital Banking Unit and 2,225 ATMs / Cash Recyclers as against 841 branches & 1 Digital Banking Unit and 2,208 ATMs / Cash Recyclers as of September 30, 2024. 54.75% of our branches are in semi-urban and rural areas.
