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Informist, Thursday, May 7, 2026

 

--Karur Vysya Bank Jan-Mar net profit INR 7.25 bln 

--Analysts saw Karur Vysya Bank Jan-Mar net profit INR 6.60 bln 

--Karur Vysya Bank Jan-Mar provisions INR 2.58 bln vs INR 1.61 bln year ago 

--Karur Vysya Bank Jan-Mar net profit INR 7.25 bln vs INR 5.13 bln year ago 

--Karur Vysya Bk Jan-Mar total income INR 35.19 bln vs INR 30.25 bln yr ago 

--Karur Vysya Bank gross NPA ratio 0.75% on Mar 31 vs 0.71% qtr ago 

--Karur Vysya Bank to pay INR 2.60 per share dividend 

--Karur Vysya Bank net NPA ratio 0.19% on Mar 31, unchanged from qtr ago 

--Karur Vysya Bank FY26 net profit INR 25.10 bln vs INR 19.42 bln year ago 

--Karur Vysya Bank Basel III capital adequacy ratio 18.76% on Mar 31 

--Karur Vysya Bk FY26 total income INR 131.59 bln vs INR 115.08 bln yr ago 

--Karur Vysya Bank provision coverage ratio 96.45% on Mar 31 

 

By Meera Nair

 

MUMBAI – Karur Vysya Bank's net profit rose sharply year-on-year in the March quarter as the bank's expenses moderated, helped by lower employee costs and operating expenses. The private-sector bank's bottom line beat analysts' estimates in the March quarter and rose 41% on year to INR 7.25 billion. Analysts had expected the bank's net profit for the reporting quarter to be at INR 6.60 billion. 

 

The bank's total expenses, excluding provisions, rose 4% year-on-year to INR 22.73 billion during the quarter as employee costs declined 11% year-on-year to INR 3.41 billion and operating expenses fell 5% to INR 7.28 billion. 

 

The bank's total income rose 16% year-on-year to INR 35.19 billion during the quarter. The interest earned increased 15% on-year to INR 29.04 billion, while other income rose 21% on-year to INR 6.16 billion.

 

The bank's provisions and contingencies rose 60% on year to INR 2.58 billion during the quarter. The bank's provision coverage ratio was 96.45% and the Basel III capital adequacy ratio was 18.76% as of Mar. 31.

 

The bank's asset quality improved marginally from a year ago. The bank's gross non-performing asset ratio was 0.75% as of Mar. 31, compared with 0.76% a year and 0.71% a quarter ago. The net non-performing assets ratio was 0.19% as of Mar. 31, compared with 0.20% a year ago and 0.19% a quarter ago.

 

For 2025-26 (Apr-Mar), the bank's net profit rose 29% to INR 25.10 billion. The bank's total income for the year increased 14% to INR 131.59 billion.  

 

Karur Vysya Bank said it will pay a dividend of INR 2.60 per share. 

 

On Thursday, the bank's shares ended at INR 313.55, up 2.7% on the National Stock Exchange. The bank announced its March quarter results during market hours.  End

 

Edited by Saji George Titus

 

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