Karur Vysya Bank announced Q2FY25 results Total Business up by 14.74% YoY and 3.57% for the quarter. Deposits up by 15.37% YoY and 3.78% for the quarter. Loan Book grew at 13.98% YoY and 3.33% for the quarter. CASA up by 5.37% YoY, CASA ratio stood at 29.46%. PPOP up by 21.46% YoY. NIM at 4.12%, down by 1 bps YoY. Other Income up by 28% YoY. Cost to Income Ratio for the HY is at 46.95%. ROA at 1.72% for the quarter. ROE at 17.36% for the quarter. GNPA at 1.10%, NNPA at 0.28%. Capital adequacy ratio (CRAR) stood at 16.28% with CET 1 ratio of 15.39%. Net profit for the quarter registered a robust growth of 25.13% and stood at Rs 473 crore from Rs 378 crore during corresponding quarter of previous year. PPOP for the quarter increased by 27.90% is at Rs 816 crore, as compared to Rs 638 crore for corresponding quarter of the previous year. Net interest income increased by 15.85% to Rs 1,060 crore vis-a-vis Rs 915 crore for corresponding quarter of previous year. Net interest margin stands at 4.11% as compared to 4.07% for the corresponding quarter of the previous year. Cost of deposits has increased by 40 bps and stands at 5.56 % as compared to 5.16% for the corresponding quarter of previous year. Yield on advances grew to 10.08% by 32 bps as compared to 9.76% for the corresponding quarter of the previous year. Commission and fee based income has improved by 18.37% on YoY basis to Rs 232 crore from Rs 196 crore for corresponding quarter of the previous year. Operating expenses for the quarter was Rs 716 crore as compared to Rs 616 crore during the corresponding quarter of previous year. Cost to income ratio stands at 46.72% (49.14% for Q2 of previous year). Asset Quality: Gross non-performing assets (GNPA) has improved by 63 bps and stands at 1.10% of gross advances as on Q2FY25 (Rs 886 crore) and 1.73% as on Q2FY24 (Rs 1,219 crore). Net non-performing assets (NNPA) is below 1% and stands at 0.28% of net advances as on Q2FY25 (Rs 219 crore), 0.47% as on Q2FY24 (Rs 324 crore). Provision Coverage Ratio (PCR) was at 96.09% as at Q2FY25, as against 94.49% as at Q2FY24. As of Q2FY25, the Bank’s distribution network stands at 841 branches and 1 Digital Banking Unit and 2,208 ATMs / Cash Recyclers as against 824 branches & 1 Digital Banking Unit and 2,244 ATMs / Cash Recyclers as of Q2FY24. 56% of our branches are in semi-urban and rural areas. Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said: We have achieved another strong quarter of performance, guided by our three key metrics: growth, profitability, and asset quality. The bank’s performance indicators align with our guidance, demonstrating consistent and steady growth. It’s encouraging to see inclusive growth in our RAM (Retail, Agriculture, and MSME) verticals, continuing the strong start we made last quarter. I am confident that the same will be maintained in the ensuing quarters. Our total business crossed Rs1,76,138 crore. The inclusive growth from all the business segments has supported for reaching net profit of Rs 932 crore for the half year. Result PDF