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Karur Vysya Bank Q2 Profit Surges 37 Percent With Improved Asset Quality
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CNBC Awaaz•15-10-2026, 14:36
Karur Vysya Bank Q2 Profit Surges 37 Percent With Improved Asset Quality
- •Karur Vysya Bank reported a 37.2 percent year-on-year surge in net profit to 788 crore rupees for the second quarter.
- •Net Interest Income grew by 19 percent year-on-year to reach 1,497.3 crore rupees.
- •Asset quality showed sequential improvement with the Gross NPA ratio declining to 0.69 percent.
- •Following the strong financial results, the bank's stock gained momentum and traded in the green.
Key Questions Answered
Karur Vysya Bank reported a 37.2% year-on-year surge in net profit to ₹788 crore, up from ₹574 crore in the same quarter last year. Additionally, the bank's Net Interest Income (NII) grew by 19% to reach ₹1,497.3 crore.
The bank saw sequential improvements in its asset quality during the second quarter. The Gross NPA ratio declined from 0.74% in the previous quarter to 0.69%, while the Net NPA ratio decreased from 0.19% to 0.18%.
Following the earnings announcement, Karur Vysya Bank's stock gained momentum, moving out of the red zone into the green. The stock rose from a previous close of 341 to reach up to 349, registering a gain of over 2%.
