Ramesh Babu B, Managing Director and CEO, Karur Vysya Bank said, the bank has made the highest ever profit of ₹1,942 crore for full year and highest quarterly profit of ₹513 crore for the fourth quarter continuing its strong performance, guided by three key metrics: growth, profitability, and asset quality.
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Karur Vysya Bank (KVB) on Tuesday posted a 12.50% increase in its fourth quarter net profit to ₹513 crore, up from ₹456 crore in the corresponding period a year ago.
Net profit for the fiscal FY25 registered a growth of 20.99% and stood at ₹ 1,942 crore from ₹1,605 crore during corresponding previous year.
Q4 saw a 17.60% increase in the bank’s Pre-Provision Operating Profit (PPOP) at ₹835 crore, as compared to ₹ 710 crore a year ago. PPOP increased by 19.81% for the full year at ₹ 3,212 crore, as compared to ₹ 2,681 crore.
KVB’s net interest income increased by 9.11% to ₹1,089 crore vis-à-vis ₹998 crore for corresponding quarter of previous year. Net interest margin declined slightly at 4.05% as compared to 4.20% for the corresponding quarter.
Ramesh Babu B, Managing Director and CEO, Karur Vysya Bank said, the bank has made highest ever profit of ₹1,942 crore for full year and highest quarterly profit of ₹513 crore for the fourth quarter continuing its strong performance, guided by three key metrics: growth, profitability, and asset quality.
‘’Both advances and liabilities grew 14% each during the year. We have continued to maintain a strong trajectory of growth in RAM (Retail, Agriculture, and MSME) verticals throughout the year registering 20% growth. Our total business crossed ₹1,86,569 crore with deposits crossing ₹1 trillion during the 4th quarter of the year,’‘ Mr Babu said.
On asset quality, the bank said its gross non-performing assets (GNPA) has improved by 64 bps and stands at 0.76% of gross advances as on March 31, 2025 (₹642 crore) vis a vis 1.40% as on March 31, 2024 (₹1,042 crore). Its net non-performing assets (NNPA) was below 1% and stood at 0.20% of net advances as on March 31, 2025 (₹ 166 crore), against 0.40% as on March 31, 2024 (₹298 crore).
The bank also saw total business grow by 14.08% year-on-year and 2.51% for the quarter; deposits rose by 14.55% YOY and 2.94% for the quarter while loan book grew at 13.53% YOY and 1.99% for the quarter.
KVB’s risk-weighted assets were at ₹66,261 crore as on March 31, 2025 as against ₹61,125 crore a year ago.
Published – May 20, 2025 08:44 pm IST
