Karur Vysya Bank | Business Upturn

Karur Vysya Bank Q4 Results: Net profit jumps 41% to Rs 725 crore, NII rises 25%

Aman Shukla — Thu, 07 May 2026 09:52:01 +0000

Private sector lender Karur Vysya Bank reported strong fourth-quarter earnings for FY26, driven by healthy growth in net interest income and higher other income.

The bank posted a net profit of ₹725 crore in Q4FY26, marking a sharp 41.2% year-on-year (YoY) rise compared to ₹513.4 crore reported in the corresponding quarter last year.

Net Interest Income (NII), a key measure of a bank’s core earnings, increased 25% YoY to ₹1,359 crore against ₹1,088 crore in Q4FY25, reflecting steady loan growth and improved operating performance.

Karur Vysya Bank also witnessed healthy traction in non-interest revenue during the quarter. Other income rose 20.9% YoY to ₹615 crore from ₹509 crore in the year-ago period.

On the asset quality front, the bank’s Gross Non-Performing Asset (GNPA) ratio stood at 0.75% in Q4FY26 compared to 0.71% in the previous quarter. Meanwhile, Net NPA remained flat at 0.19% on a quarter-on-quarter (QoQ) basis, indicating stable asset quality despite a marginal rise in gross bad loans.

The strong earnings performance highlights continued business momentum for Karur Vysya Bank amid improving credit demand and stable asset quality trends in the banking sector.

Karur Vysya Bank inaugurates new divisional office in Tiruppur

Kinjal — Mon, 27 Apr 2026 10:09:58 +0000

Karur Vysya Bank (KVB) has inaugurated a new divisional office in Tiruppur, marking a strategic move to enhance its operational capabilities in the region. This development underscores the bank’s commitment to supporting Tiruppur’s industrial growth by bringing senior leadership and localised sanctioning authority to the forefront of ‘India’s Knitting City.’

The establishment of the divisional office is a strategic response to the evolving needs of Tiruppur’s economy. Karur Vysya Bank currently operates 37 branches in the Tiruppur region, which is a global hub for textiles and exports. The region is home to thousands of MSMEs that require rapid credit intervention and specialised financial expertise. By elevating its presence to a divisional level, KVB is positioning senior leadership and dedicated experts on-site, ensuring that local entrepreneurs, exporters, and those in the garment and textile manufacturing sectors benefit from faster processing of business loans and financial solutions.

During the inauguration, Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, stated: ‘Tiruppur is a vital engine of India’s export economy. By upgrading our presence to a divisional office, we are positioning our administrative and credit sanctioning teams in immediate proximity to our customers. This infrastructure will facilitate swifter turnaround times for credit proposals and provide localised, high-touch assistance, empowering local businesses to scale their operations and remain globally competitive.’

Through this new office, KVB continues to bridge the gap between traditional banking trust and modern commercial agility. Regional business owners can now access a comprehensive suite of corporate, MSME, and trade finance services with enhanced efficiency, backed by the 110-year legacy of Karur Vysya Bank.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank opens 902nd branch in Thirupuvanam

Business Desk — Mon, 27 Apr 2026 10:07:19 +0000

Karur Vysya Bank (KVB) has expanded its footprint in Tamil Nadu by inaugurating a new branch in Thirupuvanam, Sivaganga district. This new addition marks the bank’s 902nd branch across India and is the first branch to be opened in the current financial year.

The inauguration ceremony was graced by Shri M.V. Muthuramalingam, Chairman of Velammal Group of Institutions, and Dr. M. Anbukkarasi, Chief Civil Surgeon (Retd.) of ESI Hospital, who lit the ceremonial Gayatri lamp. The ATM facility was inaugurated by Dr. K. Anish Burvin, Assistant Professor at Sivagangai Medical College & Hospital.

Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, highlighted the strategic importance of the new branch in Thirupuvanam, a rapidly growing commercial hub with a rich heritage. He stated that the branch aims to bring modern banking services and economic opportunities closer to the people of Sivaganga district. KVB is committed to supporting the local community, entrepreneurs, and traders with tailored working capital solutions, trade finance, and digital payment tools.

The new branch is strategically located at the intersection of key agricultural and industrial hubs, enhancing access to financial services for local businesses, entrepreneurs, and farmers, thereby supporting long-term regional development.

KVB offers comprehensive digital banking services, including internet and mobile banking. The bank’s mobile banking application, KVB DLite, provides over 150 financial and non-financial features and has recently been upgraded with customer-friendly enhancements.

Founded in 1916, Karur Vysya Bank is a leading private sector bank in India. The bank operates a network of 902 branches and over 2,228 ATMs and cash recyclers. As of 31 December 2025, the bank’s total business stood at ₹2,11,647 crores, comprising deposits of ₹1,14,595 crores and advances of ₹97,052 crores. The bank reported a net profit of ₹690 crores for Q3 FY26, with a Net NPA of 0.19%.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank secures RBI approval for B Ramesh Babu’s re-appointment as CEO

Arunika Jain — Fri, 24 Apr 2026 15:31:54 +0000

Karur Vysya Bank has received the Reserve Bank of India‘s approval for the re-appointment of B Ramesh Babu as Managing Director and CEO for a third term. His new term will commence on 29 July 2026 and span two years. This decision follows a prior communication from the bank dated 23 January 2026, indicating its intention to extend Babu’s leadership tenure. B Ramesh Babu, who holds the Director Identification Number (DIN) 06900325, has been at the helm of the bank, guiding its strategic direction and operations. The re-appointment signifies confidence in his leadership and the bank’s strategic direction under his stewardship. Stakeholders are advised to note this development as part of the bank’s ongoing governance and leadership continuity efforts.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank to open new branch in Thirupuvanam on 27 April 2026

Yash Agarwal — Wed, 22 Apr 2026 07:06:21 +0000

Karur Vysya Bank has announced the opening of a new branch in Thirupuvanam, scheduled for 27 April 2026. The new branch will be located at No. 99/2, Madurai Mandapam Main Road, Thirupuvanam Town Panchayat and Thirupuvanam Taluk, Sivaganga District, with the postal code 630 611.

This development is in line with the bank’s expansion strategy and is expected to enhance its presence in the Sivaganga District. The new branch will provide a range of banking services to the local community, aiming to cater to the financial needs of individuals and businesses in the area.

Karur Vysya Bank’s decision to open this branch is part of its broader initiative to increase accessibility and offer convenient banking solutions to its customers. The bank continues to focus on extending its reach to underserved regions, thereby contributing to the economic growth of these areas.

The inauguration of the Thirupuvanam branch reflects the bank’s commitment to expanding its footprint and delivering quality banking services across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank revises MCLR rates effective April 22, 2026

Business Desk — Sat, 18 Apr 2026 12:58:48 +0000

Karur Vysya Bank has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective from April 22, 2026. The adjustments reflect a slight increase across various tenures.

The overnight MCLR will see an increase from 8.80% to 8.85%. Similarly, the one-month and three-month MCLR rates will rise from 8.95% to 9.00%. The six-month and one-year MCLR rates will both increase from 9.10% to 9.15%.

This revision in MCLR rates is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of significant changes in lending rates.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank reports 14.92% year-on-year growth in total business

Kinjal — Wed, 01 Apr 2026 08:45:28 +0000

Karur Vysya Bank has reported a significant year-on-year growth in its total business, reaching ₹2,14,409 crore as of 31 March 2026, marking a 14.92% increase from the previous year’s ₹1,86,569 crore. This growth is provisional and subject to audit by the bank’s statutory auditors.

The bank’s advances also saw a substantial rise, growing by 16.87% to ₹98,743 crore from ₹84,491 crore as of 31 March 2025. In terms of quarter-on-quarter growth, advances increased by 1.74% from ₹97,052 crore as of 31 December 2025.

Total deposits at Karur Vysya Bank reached ₹1,15,666 crore, reflecting a 13.31% increase from ₹1,02,078 crore in the previous year. Excluding certificates of deposit, total deposits stood at ₹1,09,868 crore, a 12.33% rise from ₹97,807 crore in the previous year. On a quarterly basis, total deposits grew by 0.93% from ₹1,14,595 crore as of the end of December 2025.

The bank’s Current Account Savings Account (CASA) deposits amounted to ₹31,122 crore, an 11.82% increase from ₹27,832 crore in the previous year. However, CASA deposits saw a slight decline of 0.25% from ₹31,199 crore in the preceding quarter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank revises base rate and BPLR effective March 24, 2026

Business Desk — Fri, 20 Mar 2026 11:08:21 +0000

Karur Vysya Bank has announced a revision in its Base Rate and Benchmark Prime Lending Rate (BPLR), effective from March 24, 2026. The Base Rate will be adjusted from the existing 10.70% to a revised rate of 10.50%. Similarly, the BPLR will be revised from 15.70% to 15.50%.

This revision in interest rates is in line with the bank’s periodic assessment of its lending rates, ensuring they remain competitive and reflective of current market conditions. The adjustment aims to benefit borrowers by reducing the cost of borrowing, potentially leading to increased loan uptake and customer satisfaction.

The decision to revise these rates is part of the bank’s ongoing strategy to optimise its lending portfolio and align with regulatory requirements. By lowering the Base Rate and BPLR, Karur Vysya Bank seeks to enhance its market position and offer more attractive lending options to its customers.

Customers and stakeholders are advised to take note of these changes, which will be implemented from the specified date. The bank remains committed to offering competitive financial products and services to its clientele.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank receives ESG score of 70 for FY 2024-25

Kinjal — Fri, 20 Mar 2026 05:44:21 +0000

Karur Vysya Bank has been assigned an Environmental, Social, and Governance (ESG) score of 70 for the financial year 2024-25 by ESG Risk Assessments & Insights Limited (ESGRisk.ai). The score was communicated on 19 March 2026, as part of their annual ESG review guidelines.

This latest score marks an improvement from the previous ESG score of 66 for the same financial year, which was communicated to the stock exchanges in October 2025. ESGRisk.ai, a SEBI registered ESG Rating Provider under Category I, independently determined the score based on the public disclosures made by the bank and other publicly available information.

Karur Vysya Bank clarified that it did not engage ESGRisk.ai for this assessment, indicating that the ESG score was derived solely from publicly accessible data.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank receives ESG score of 74 for FY 2024-25

Business Desk — Tue, 10 Mar 2026 06:25:29 +0000

Karur Vysya Bank has been assigned an Environmental, Social, and Governance (ESG) score of 74 for the financial year 2024-25. The score was provided by NSE Sustainability Ratings and Analytics Limited, an SEBI registered ESG Rating Provider under Category I. This rating was part of their annual ESG assessment process.

Notably, Karur Vysya Bank did not engage NSE Sustainability Ratings and Analytics Limited for this evaluation. The ESG score was independently determined based on the bank’s public disclosures and publicly available information for the specified financial year.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Karur Vysya Bank partners with National Finance Olympiad to launch Financial Literacy program for school students

Aman Shukla — Wed, 19 Nov 2025 03:31:50 +0000

Karur Vysya Bank (KVB) has rolled out a new Financial Literacy Awareness Program for school students as part of its CSR pillar, KVB Vidya, which focuses on promoting education and empowering young learners. The initiative has been launched in collaboration with the National Finance Olympiad (NFO) and is designed to help teenagers build essential financial knowledge that will benefit them throughout their lives.

The program has been tailored specifically for students from government and underprivileged schools, covering Classes 9 to 12. Over 210 schools have been included in the first phase, reaching more than 3,150 students. KVB and NFO have together created a structured financial literacy curriculum that introduces students to practical financial concepts in a simple, easy-to-understand manner. Along with classroom sessions, students are provided printed study materials to reinforce learning.

To evaluate the progress of participants, NFO is conducting both online and offline examinations. Students who successfully complete the assessments will receive certificates and medals, recognising their effort and understanding of financial basics.

This collaboration began in September 2025 and currently operates as a project-based partnership for the year. KVB has funded and coordinated the overall program, while NFO has been responsible for the curriculum, study material distribution, examinations, and on-ground execution. Beyond the core curriculum, KVB also plans to offer additional awareness sessions and financial education resources to help students develop stronger money-management habits.

Karur Vysya Bank reports 14% YoY growth in total business for March 2025

Aman Shukla — Tue, 01 Apr 2025 07:15:49 +0000

Karur Vysya Bank has announced a remarkable 14.08% year-on-year (YoY) growth in its total business, reaching ₹186,564 crore as of March 31, 2025, compared to ₹163,536 crore in the previous year. The bank’s total deposits also saw a healthy increase of 14.55%, rising from ₹89,113 crore in FY 2023-24 to ₹102,078 crore in FY 2024-25.

Advances, a critical indicator of lending activity, grew by 13.52%, from ₹74,423 crore to ₹84,486 crore, highlighting the bank’s robust loan portfolio. Furthermore, its Current Account Savings Account (CASA) balance showed a modest growth of 2.76%, reaching ₹27,832 crore, up from ₹27,085 crore in the previous year.

The above figures are provisional and subject to audit by the bank’s statutory auditors. The strong growth trajectory reflects Karur Vysya Bank’s continued focus on enhancing its customer base and expanding its business operations, positioning it as a leading player in the Indian banking sector.

Karur Vysya Bank expands its network with three new branches

Aditya Bhagchandani — Tue, 11 Mar 2025 06:44:37 +0000

Karur Vysya Bank (KVB) has expanded its branch network by inaugurating three new branches, strengthening its presence in Andhra Pradesh, Karnataka, and Tamil Nadu. This expansion aligns with the bank’s ongoing strategy to enhance accessibility and customer service across key regions.

Newly Opened Branches:

Ongole, Andhra Pradesh (878th branch) – Inaugurated by Dr. Koduru Venkateswara Rao, Commissioner, Ongole Municipal Corporation.
Bangalore, Karnataka (879th branch) – Inaugurated by Mr. Shiva Kumar, President, Peenya Industries Association.
Bagayam, Tamil Nadu (880th branch) – Inaugurated by Mrs. Anitha, Joint Commissioner, HR & CE, Vellore.

The new branches will offer a full suite of banking services, including retail and commercial banking, along with third-party tie-ups for insurance products. They are equipped with ATMs, cash deposit machines, and passbook printers for customer convenience.

KVB’s Growth and Digital Initiatives

Branch Expansion: With these additions, KVB now operates 880 branches.
Financial Strength: The bank reported a total business of ₹1,81,993 crore as of December 31, 2024, with deposits of ₹99,155 crore and advances of ₹82,838 crore.
Profitability: KVB posted its highest-ever net profit of ₹1,605 crore in the last financial year, while its net NPA stood at just 0.20%.
Digital Banking: KVB’s mobile banking app, KVB DLite, has been upgraded with 150+ customer-friendly features for seamless banking.

The move is part of Karur Vysya Bank’s broader strategy to strengthen its footprint and provide efficient banking solutions to customers across India.

Karur Vysya Bank appoints Sankar Balabhadrapatruni as Executive Director

Aman Shukla — Wed, 12 Feb 2025 07:13:36 +0000

Karur Vysya Bank (KVB) has announced the appointment of Sankar Balabhadrapatruni as its Whole Time Director (Executive Director) for a period of three years, following approval from the Reserve Bank of India (RBI). His appointment will be formally placed in the upcoming Board meeting.

With over 35 years of banking experience, Sankar Balabhadrapatruni has held key leadership roles at State Bank of India (SBI). He has a proven track record in stressed asset management, having handled INR 82,000 crores in NPAs as Deputy Managing Director. His expertise spans across SME business growth, risk management, internal audits, and branch operations.

Key Leadership Contributions

Chief Operating Officer (COO), SBI – Managed 23,000+ branches, 65,200 ATMs, and customer service operations.
CGM, Chennai Circle – Oversaw 1,391 branches across Tamil Nadu and Puducherry, managing INR 1,80,000 crores in deposits and INR 1,22,000 crores in advances.
SME Corporate Center Head – Revitalized SBI’s SME business through innovative strategies.

Sankar Balabhadrapatruni’s appointment is expected to bring strategic vision, operational efficiency, and digital transformation to Karur Vysya Bank. His leadership will be instrumental in enhancing customer experience, improving asset quality, and driving growth.

Karur Vysya Bank Q3 FY25 Results: NII grows 7.75% to Rs 1,078.79 crore

Aditya Bhagchandani — Mon, 20 Jan 2025 08:49:08 +0000

Karur Vysya Bank (KVB) has reported its financial results for Q3 FY25, demonstrating significant growth across key metrics, including Net Interest Income (NII), profitability, and improved asset quality.

Net Interest Income (NII) (₹ in Crores):

31-Dec-2024 (Q3 FY25): ₹1,078.79 crore
30-Sep-2024 (Q2 FY25): ₹1,059.95 crore
31-Dec-2023 (Q3 FY24): ₹1,001.29 crore

NII Growth:

QoQ (Quarter-on-Quarter): Increased by 1.78%.
YoY (Year-on-Year): Increased by 7.75%.

Key Financial Metrics (₹ in Crores):

Net Profit (PAT):

Q3 FY25: ₹496.03 crore
QoQ: Increased by 4.87% from ₹473.60 crore in Q2 FY25.
YoY: Increased by 20.47% from ₹411.63 crore in Q3 FY24.

Gross NPA (Non-Performing Assets):

Improved to ₹690.92 crore (0.83%) of total advances compared to ₹885.61 crore (1.10%) in Q2 FY25.
YoY: Declined significantly from ₹1,151.86 crore (1.58%) in Q3 FY24.

Net NPA:

Reduced to ₹166.69 crore (0.20%) from ₹219.22 crore (0.28%) in Q2 FY25.
YoY: Improved significantly from ₹305.27 crore (0.42%) in Q3 FY24.

Total Income:

Q3 FY25: ₹2,953.44 crore
QoQ: Increased by 3.51% from ₹2,856.01 crore in Q2 FY25.
YoY: Increased by 18.25% from ₹2,497.17 crore in Q3 FY24.

Operating Profit:

Q3 FY25: ₹815.27 crore
QoQ: Marginal change from ₹816.24 crore in Q2 FY25.
YoY: Increased by 20.17% from ₹675.90 crore in Q3 FY24.

Operational Highlights:

Improved Asset Quality:
A significant reduction in Gross and Net NPA levels underscores Karur Vysya Bank’s enhanced focus on asset quality management.
Consistent Growth in NII:
The steady growth in NII highlights the bank’s efficient lending strategies and interest income generation.
Expense Management:
Controlled expenses and lower provisions have supported profitability growth.
Robust Profitability:
The bank reported strong growth in PAT, reflecting its ability to navigate challenges and sustain operational efficiency.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Karur Vysya Bank shares surge over 3% following Q3 FY25 results

Aditya Bhagchandani — Mon, 20 Jan 2025 08:32:30 +0000

Karur Vysya Bank (KVB) shares witnessed a 3.18% rise to ₹225.10 during today’s trading session, buoyed by strong Q3 FY25 financial results. The bank showcased notable improvements in profitability, income growth, and asset quality.

Key Financial Metrics (₹ in Crores):

Net Profit (PAT):
- Q3 FY25: ₹496.03 crore
- QoQ: Increased by 4.87% from ₹473.60 crore in Q2 FY25
- YoY: Increased by 20.47% from ₹411.63 crore in Q3 FY24
Gross NPA (Non-Performing Assets):
- Improved to ₹690.92 crore (0.83% of total advances) from ₹885.61 crore (1.10%) in Q2 FY25
- YoY: Declined significantly from ₹1,151.86 crore (1.58%) in Q3 FY24
Net NPA:
- Reduced to ₹166.69 crore (0.20%) from ₹219.22 crore (0.28%) in Q2 FY25
- YoY: Improved significantly from ₹305.27 crore (0.42%) in Q3 FY24
Total Income:
- Q3 FY25: ₹2,953.44 crore
- QoQ: Increased by 3.51% from ₹2,856.01 crore in Q2 FY25
- YoY: Increased by 18.25% from ₹2,497.17 crore in Q3 FY24
Operating Profit:
- Q3 FY25: ₹815.27 crore
- QoQ: Marginal increase from ₹816.24 crore in Q2 FY25
- YoY: Increased by 20.17% from ₹675.90 crore in Q3 FY24

Operational Highlights:

Enhanced Asset Quality: The reduction in Gross and Net NPA levels reflects the bank’s improved risk management and asset quality measures.
Consistent Income Growth: Growth in net interest income (NII) and overall revenue demonstrates effective lending and income strategies.
Profitability Drivers: Lower provisions and controlled expenses significantly boosted the bank’s profitability.

Market Impact:

The bank’s strong financial performance and reduced non-performing asset ratios have boosted investor confidence, leading to today’s stock price surge. Karur Vysya Bank continues to strengthen its position in the banking sector, supported by steady growth and operational efficiency.

Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.

Karur Vysya Bank shares jump nearly 2% after company reports strong 14.93% YoY growth in total business

Aman Shukla — Wed, 01 Jan 2025 06:16:40 +0000

Karur Vysya Bank (KVB) saw its shares jump nearly 2% following the release of its provisional financial results for the quarter ending December 31, 2024. The bank reported impressive growth across key metrics:

Total Business: ₹181,997 Crore, up 14.93% YoY
Total Deposits: ₹99,155 Crore, a 15.75% increase YoY
Advances: ₹82,842 Crore, showing a 13.96% rise YoY
CASA (Current & Savings Accounts): ₹28,167 Crore, up by 4.28% YoY

Karur Vysya Bank shares opened at ₹217.00, reaching a high of ₹221.89 and a low of ₹215.70 on the trading day. The stock has shown a 52-week high of ₹246.00 and a 52-week low of ₹161.30.

As of 11:47 am, Karur Vysya Bank shares were trading 1.60% higher at Rs 220.61.

Karur Vysya Bank cuts Base Rate to 11.70% starting December 13

Aman Shukla — Tue, 10 Dec 2024 03:24:27 +0000

Karur Vysya Bank (KVB) has announced revisions to its lending rates under Regulation 30 of the SEBI (LODR) Regulations, 2015. These changes are aimed at providing competitive interest rates to borrowers.

Effective December 13, 2024, the Base Rate will decrease from 11.80% to 11.70%, and the Benchmark Prime Lending Rate (BPLR) will reduce from 16.80% to 16.70%.

Additionally, the External Benchmark Rate – Repo linked (EBR-R) will be revised from 9.90% to 9.85%, effective December 30, 2024.

In the meantime, Karur Vysya Bank shares surged to a new 52-week high of ₹246.00 on Monday, closing slightly lower at ₹242.00. The stock opened at ₹243.35 and dipped to ₹240.00 during the day.

Stocks nearing 52-week highs: Karur Vysya Bank, MphasiS, Piramal and more

Aditya Bhagchandani — Mon, 04 Nov 2024 02:25:47 +0000

As of November 4, 2024, several Indian stocks are approaching their 52-week highs, showing strong recent performance. Here are some notable stocks:

Company Name	52-Week High (₹)	Percentage Below 52-Week High
Karur Vysya Bank Ltd.	232.75	5.10%
Tube Investments of India Ltd.	4,810.80	5.42%
MphasiS Ltd.	3,187.80	5.47%
Piramal Enterprises Ltd.	1,143.80	5.57%
Siyaram Silk Mills Ltd.	572.20	5.71%

These stocks are showing strong upward momentum and could potentially hit their 52-week highs this week.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Karur Vysya Bank shares surge nearly 4% from day’s low on strong Q2 results

Aditya Bhagchandani — Thu, 17 Oct 2024 08:39:39 +0000

Karur Vysya Bank announced its financial results for the second quarter of FY25, showcasing strong growth across key financial metrics. The bank’s net profit surged to ₹473.60 crore, marking a 25.1% year-on-year (YoY) increase from ₹378.45 crore in Q2 FY24. The results also highlighted improvements in asset quality, operating profit, and capital adequacy, contributing to the bank’s positive performance.

Key Highlights:

Net Profit: ₹473.60 crore, up from ₹378.45 crore in Q2 FY24, reflecting a 25.1% YoY growth.
Total Income: ₹2,856 crore, compared to ₹2,336 crore in the same period last year.
Operating Profit: ₹816.24 crore, an increase from ₹637.91 crore in Q2 FY24.
Interest Earned: ₹2,384 crore, up from ₹1,997 crore in Q2 FY24, driven by advances and bills.
Operating Expenses: ₹715.72 crore, up from ₹616.36 crore in the same quarter last year.

Asset Quality:

Gross NPA (GNPA): Improved to ₹885.61 crore, down from ₹1,219.08 crore in Q2 FY24.
GNPA as a percentage of total advances: Decreased to 1.10%, compared to 1.73% last year.
Net NPA (NNPA): Improved to ₹219.22 crore, down from ₹323.63 crore in the same quarter last year.
NNPA as a percentage of total advances: Reduced to 0.28% from 0.47% in Q2 FY24.

Capital Adequacy:

Capital Adequacy Ratio (CAR): 16.28% under Basel III, compared to 16.84% last year, indicating a strong capital position.

Earnings Per Share (EPS):

Basic EPS: ₹5.89, up from ₹4.72 in Q2 FY24.
Diluted EPS: ₹5.88, up from ₹4.70 in Q2 FY24.

Other Metrics:

Return on Assets (ROA): Improved to 1.72%, up from 1.57% in Q2 FY24.
Debt to Equity Ratio: Improved to 0.05 from 0.10 in the previous year.

As of 2:07 PM, the shares of Karur Vysya Bank were trading 0.71% higher at ₹205.73, reflecting strong investor sentiment following the bank’s solid quarterly performance