Karur Vysya Bank (KVB) has reported a 37.28% year-on-year increase in net profit to ₹788 crore for the second quarter of FY2026-27, compared with ₹574 crore in the corresponding quarter of the previous financial year.
The bank’s net interest income (NII) rose 18.72% to ₹1,497 crore from ₹1,261 crore a year earlier. Pre-provision operating profit (PPOP) increased 14.26% to ₹1,162 crore, against ₹1,017 crore in the corresponding quarter last year.
Net interest margin (NIM) improved to 4.34% from 4.24%. The cost of deposits declined by 11 basis points to 5.49%, while the yield on advances fell by 18 basis points to 10.20%. Commission and fee-based income grew 14.62% to ₹290 crore from ₹253 crore. Operating expenses stood at ₹770 crore, compared with ₹756 crore in the year-ago quarter.
The bank’s cost-to-income ratio improved to 39.85% from 42.63%.
For the first half of FY2026-27, net profit increased 40.91% to ₹1,543 crore from ₹1,095 crore. PPOP rose 23.86% to ₹2,258 crore, while NII grew 24.73% to ₹2,920 crore. NIM improved to 4.34% from 4.06%, and the cost-to-income ratio declined to 40.53% from 44.76%.
The bank’s total business grew 17.96% year-on-year to ₹2,39,712 crore as of September 30, 2026. Total deposits increased 15.96% to ₹1,28,123 crore, while advances rose 20.35% to ₹1,11,589 crore. Its balance sheet size expanded 15.94% to ₹1,50,831 crore.
Asset quality remained stable, with gross non-performing assets (GNPA) declining to 0.69% of gross advances from 0.76% a year earlier. Net non-performing assets (NNPA) stood at 0.18%, compared with 0.19% in the previous year. The capital adequacy ratio improved to 17.97% from 16.58%, against the regulatory requirement of 11.50%.
As of September 30, 2026, KVB operated 921 branches and one Digital Banking Unit, alongside 2,192 ATMs and cash recyclers. About 54.29% of its branches were located in semi-urban and rural areas.
Karur Vysya Bank (KVB) has reported a 37.28% year-on-year increase in net profit to ₹788 crore for the second quarter of FY2026-27, compared with ₹574 crore in the corresponding quarter of the previous financial year.
The bank’s net interest income (NII) rose 18.72% to ₹1,497 crore from ₹1,261 crore a year earlier. Pre-provision operating profit (PPOP) increased 14.26% to ₹1,162 crore, against ₹1,017 crore in the corresponding quarter last year.
Net interest margin (NIM) improved to 4.34% from 4.24%. The cost of deposits declined by 11 basis points to 5.49%, while the yield on advances fell by 18 basis points to 10.20%. Commission and fee-based income grew 14.62% to ₹290 crore from ₹253 crore. Operating expenses stood at ₹770 crore, compared with ₹756 crore in the year-ago quarter.
The bank’s cost-to-income ratio improved to 39.85% from 42.63%.
For the first half of FY2026-27, net profit increased 40.91% to ₹1,543 crore from ₹1,095 crore. PPOP rose 23.86% to ₹2,258 crore, while NII grew 24.73% to ₹2,920 crore. NIM improved to 4.34% from 4.06%, and the cost-to-income ratio declined to 40.53% from 44.76%.
The bank’s total business grew 17.96% year-on-year to ₹2,39,712 crore as of September 30, 2026. Total deposits increased 15.96% to ₹1,28,123 crore, while advances rose 20.35% to ₹1,11,589 crore. Its balance sheet size expanded 15.94% to ₹1,50,831 crore.
Asset quality remained stable, with gross non-performing assets (GNPA) declining to 0.69% of gross advances from 0.76% a year earlier. Net non-performing assets (NNPA) stood at 0.18%, compared with 0.19% in the previous year. The capital adequacy ratio improved to 17.97% from 16.58%, against the regulatory requirement of 11.50%.
As of September 30, 2026, KVB operated 921 branches and one Digital Banking Unit, alongside 2,192 ATMs and cash recyclers. About 54.29% of its branches were located in semi-urban and rural areas.
Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said, We are pleased to report that our key performance indicators are broadly in line with the guidance shared earlier. The business growth has been balanced and broad-based, with sustained performance across our three key priorities: growth, profitability, and asset quality. This reflects the continued strength and resilience of our operating performance since the year's outset.
The bank’s total business reached Rs 2,39,712 crore, reflecting our continued growth momentum in the second, with an overall business increase of 5% (QOQ) and a year-on-year growth of 18%. Our Advances stood at Rs 1,11,589 crore, representing a growth of 7% (QOQ), while deposits increased to Rs 1,28,123 crore, achieving a (QOQ) growth rate of 4%. Building on its strong performance, the Bank recorded its highest profit of Rs.788 crore .
While we remain mindful of the evolving operating environment, our focus remains steady on prudent calibrated growth, operational efficiency, customer centricity, and disciplined risk management. This approach gives us confidence in delivering sustainable value to all stakeholders.