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Karur Vysya Bank Q2: Advances Soar 20%, Total Business Crosses ₹2.39 Lakh Crore
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CNBC TV18•01-10-2026, 14:28
Karur Vysya Bank Q2: Advances Soar 20%, Total Business Crosses ₹2.39 Lakh Crore
- •Karur Vysya Bank reported robust Q2 business growth with double-digit year-on-year increases in total business, deposits, and advances.
- •Total business surged 18% year-on-year to ₹2.39 lakh crore, while deposits grew 16% to ₹1.28 lakh crore, and advances jumped 20.3% to ₹1.11 lakh crore.
- •The bank maintained strong asset quality, with Gross NPA marginally improving to 0.74% and Net NPA remaining stable at 0.19%.
- •Net profit for the June quarter rose 45% year-on-year to ₹756 crore, supported by a 32% increase in Net Interest Income to ₹1,422 crore.
- •Karur Vysya Bank increased its MCLR rates across various tenures in August, with the one-year MCLR rising to 9.40%.
Key Questions Answered
Karur Vysya Bank reported that its total business rose 18% year-on-year and 5.5% quarter-on-quarter to reach ₹2.39 lakh crore for the second quarter. Total advances grew by 20.3% year-on-year and 6.6% quarter-on-quarter to hit ₹1.11 lakh crore.
The bank's asset quality remained resilient during the second quarter. Gross non-performing assets improved marginally to 0.74% from 0.75% in the preceding quarter, while net NPA remained unchanged at 0.19%.
Karur Vysya Bank raised its Marginal Cost of Funds Based Lending Rates across various tenures effective August 22, 2026. The overnight and one-month rates were both increased to 9%, while the three-month, six-month, and one-year rates were raised to 9.15%, 9.30%, and 9.40% respectively.
