
Karur Vysya Bank (KVB) announced its financial results for the quarter and nine months ended December 31, 2024, reporting robust growth across key parameters.
Key Highlights:
- Gross Non-Performing Assets (GNPA): Improved to 0.83%, showcasing the bank’s strong asset quality, with Net NPA (NNPA) at 0.20%.
- Deposits: Increased by 15.75% year-on-year (YoY) and 3.46% quarter-on-quarter (QoQ).
- Loan Book: Expanded by 13.96% YoY and 3.16% QoQ.
- CASA Growth: Up by 4.28% YoY, with a CASA ratio at 28.41%.
- Net Interest Margin (NIM): Stood at 4.09%, down by 11 basis points YoY.
- Profitability:
- Pre-Provision Operating Profit (PPOP) grew by 21.15% YoY.
- Return on Assets (ROA) stood at 1.74%.
- Return on Equity (ROE) was 17.42%.
- Other income surged 29% YoY.
Management Commentary:
Ramesh Babu B., Managing Director & CEO of KVB, highlighted the strong growth trajectory in Retail, Agriculture, and MSME (RAM) verticals. He emphasized the bank’s focus on growth, profitability, and asset quality. The total business surpassed ₹1,81,993 crore, driven by consistent performance across all segments, contributing to a net profit of ₹1,428 crore for the nine-month period.
Capital Adequacy:
The bank’s capital adequacy ratio (CRAR) stood at 15.91%, with CET 1 ratio at 15.03%, reflecting its robust financial stability.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making investment decisions.