Karur Vysya Bank Ltd

While the bank's advances increased by 13.52% to Rs 84,486 crore, deposits rose by 14.55% to Rs 1,02,078 crore as of the March 2025 quarter as compared with the March 2024 quarter. CASA deposits as of 31 March 2025 were 27,832 crore, up 2.76% year on year (YoY). Karur Vysya Bank provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. The bank's standalone net profit jumped 20.5% to Rs 496.03 crore on an 18.27% increase in total income to Rs 2,953.44 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Karur Vysya Bank announced that Venkatesan R, Deputy General Manager (Head - Operations) forming part of Senior Management Personnel of the Bank demitted office on 29 March 2025 upon Superannuation. Powered by Capital Market - Live

Karur Vysya Bank has received reaffirmation in credit rating for certificate of deposit programme for Rs 5,000 crore at CRISIL A1+. Powered by Capital Market - Live

Karur Vysya Bank announced that ICRA has reaffirmed the rating on certificate of deposit programme (Rs 5,000 crore) of the Bank at ICRA A1+. Powered by Capital Market - Live

Karur Vysya Bank announced the expansion of its branch network to Ongole, Bangalore and Bagayam. The new branches open on 10 March 2025. With this, the Bank's network has increased to a total of 880 branches. Powered by Capital Market - Live

Karur Vysya Bank (KVB) announced the inauguration of its 6 new branches in Tamil Nadu & Andhra Pradesh today. These branches will offer a comprehensive range of banking services like accounts, deposits and loans including savings and current accounts etc., During the financial year 2024-25, the bank added 35 branches and the bank now has 877 branches. The new branches that were opened today: 1. 872nd Branch - Salem (Cherry Road) - inaugurated by Balasubramaniyan, Deputy Commissioner, Salem Corporation 2. 873rd Branch - Proddatur (Andhra Pradesh) - inaugurated by Mallikarjuna, Municipal Commissioner, Proddatur 3. 874th Branch - Tiruvallur (Manavala Nagar) - inaugurated by Thirunavukkarasu, Municipal Commissioner, Tiruvallur 4. 875th Branch - Trichy (Melachinthamani) - inaugurated by Dr. Kumaravel, Dean, Mahatma Gandhi Memorial Government Hospital, Trichy 5. 876th Branch - Chennai (Chitlapakkam) - inaugurated by Sasikala, Deputy Commissioner, Tambaram City Municipal Corporation 6. 877th Branch - Tiruppur (Neruperichal) - inaugurated by Chikkannan, Trustee, M N Chickkanna Chettiar Trust, Tiruppur Powered by Capital Market - Live

Karur Vysya Bank announced that the Reserve Bank of India has accorded its approval for appointment of Sankar Balabhadrapatruni, as Whole Time Director (Executive Director) of the Bank for a period of three years from the date of taking charge.Powered by Capital Market - Live

Karur Vysya Bank (KVB) inaugurated 4 new branches in Tamil Nadu today. By inaugurating these branches, the total branch network of the Bank increased to 870. The new branches that were opened today: 1. 867th Branch: No 340/1B, Indra Nagar, Pollachi Main Road Malumichampatti, Coimbatore - 641 050 2. 868th Branch: MCET College Campus, No 11, Udumalai Road, Makkinampattti Post, Pollachi - 642 003 3. 869th Branch: No12/3/75, Bhruntha Nagar, Palamedu, Madurai-625503 4. 870th Branch: No. 67, Govinda Chetty Street, Agaram Road, Kaveripattinam, Krishnagiri District - 635112Powered by Capital Market - Live

Profit before tax in the December 2024 quarter stood at Rs 667.83 crore, up 26.92% from Rs 526.19 crore reported in the same period a year ago. Operating profit was at Rs 815.27 crore in the third quarter of FY25, up 20.62% from Rs 675.90 crore posted in Q3 of FY25. Provisions (other than tax) and contingencies fell 1.52% YoY to Rs 147.44 crore during the quarter under review. Net interest income increased 8% to Rs 1,079 crore in Q3 FY25 as against Rs 1,001 crore recorded in Q3 FY24. Net interest margin (NIM) grew to 4.03% in Q3 FY25 as compared to 4.32% reported in the same quarter a year ago. On the asset quality front, gross non-performing assets (NPAs) stood at Rs 690.92 crore as on 31 December 2024 as against Rs 1,151.86 crore as on 31 December 2023. The GNPA ratio declined to 0.83% as of 31 December 2024 as against 1.58% as of 31 December 2023. The net NPA ratio stood at 0.20% as of 31 December 2024, compared to 0.42% as of 31 December 2023. Provision coverage ratio was at 96.87% as on 31 December 2024, up 206 basis points YoY. CASA deposits stood at Rs 28,167 crore as of 31 December 2024, up 4%YoY. The CASA ratio reduced to 28.41% as of 31 December 2024, as compared to 31.53% as of 31 December 2023. Return on assets (ROA) and return on equity (ROE) for Q3 FY25 were at 1.74% and 17.42%, respectively. During the quarter, revenue from retail banking segment came in at Rs 1,937.92 crore (up 18.36% YoY), corporate or wholesale banking segment was at Rs 524.37 crore (up 15.84% YoY), treasury segment was at Rs 451.57 crore (up 17.97% YoY), while revenue from other banking operations segment was at Rs 39.58 crore (up 62.21% YoY). Karur Vysya Bank provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. Powered by Capital Market - Live

Net profit of Karur Vysya Bank rose 20.50% to Rs 496.03 crore in the quarter ended December 2024 as against Rs 411.63 crore during the previous quarter ended December 2023. Total Operating Income rose 16.20% to Rs 2486.01 crore in the quarter ended December 2024 as against Rs 2139.38 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income2486.012139.38 16 OPM %64.6761.07 - PBDT667.83526.19 27 PBT667.83526.19 27 NP496.03411.63 21 Powered by Capital Market - Live