Karur Vysya Bank announced 9MFY25 & Q3FY25 results Q3FY25 Financial Highlights: Net profit for the quarter registered a robust growth of 20.39% and stood at Rs 496 crore from Rs 412 crore during Q3FY24. PPOP for the quarter increased by 20.56% is at Rs 815 crore, as compared to Rs 676 crore for Q3FY24. Net interest income increased by 7.79% to Rs 1,079 crore vis-a-vis Rs 1,001 crore for Q3FY24. Net interest margin stands at 4.03% as compared to 4.32 % for Q3FY24. Cost of deposits has increased by 41 bps and stands at 5.66% as compared to 5.25% for the Q3FY24. Yield on advances has stagnated at 10.16% as compared to 10.16% for Q3FY24. Commission and fee based income has improved by 3.54% on QoQ basis to Rs 234 crore from Rs 226 crore for Q3FY24. Operating expenses for the quarter was Rs 731 crore as compared to Rs 683 crore during the Q3FY24. Cost to income ratio stands at 47.27% (50.27% for Q3FY24). CAPITAL ADEQUACY: Capital Adequacy Ratio (CRAR) as per Basel III guidelines was at 15.91% as on December 31, 2024 (15.39% as on December 31, 2023) as against a regulatory requirement of 11.50%. Tier 1 was at 15.03% as of December 31, 2024 compared to 13.87% as of December 31, 2023. Riskweighted Assets were at Rs 64,756 crore as on December 31, 2024 (Rs 59,531 crore as at December 31, 2023) ASSET QUALITY: Gross non-performing assets (GNPA) has improved by 75 bps and stands at 0.83% of gross advances as on December 31, 2024 (Rs 691 crore) vis a vis 1.58% as on December 31, 2023 (Rs 1,152 crore). Net non-performing assets (NNPA) is below 1% and stands at 0.20% of net advances as on December 31, 2024 (Rs 167 crore), against 0.42% as on December 31, 2023 (Rs 305 crore). Provision Coverage Ratio (PCR) was at 96.87% as at December 31, 2024, as against 94.81% as at December 31, 2023 9MFY25 Financial Highlights: Net profit for the nine months registered a robust growth of 24.28% and stood at Rs 1,428 crore from Rs 1,149 crore during 9MFY24. PPOP for the nine months increased by 21.15% is at Rs 2,377 crore, as compared to Rs 1,962 crore for 9MFY24. Net interest income increased by 12.40% to Rs 3,163 crore vis-a-vis Rs 2,814 crore for 9MFY24. Net interest margin stands at 4.09% down by 11 bps as compared to 4.20% for the 9MFY24. Cost of deposits has increased by 44 bps and stands at 5.57% as compared to 5.13% for the 9MFY24. Yield on advances grew to 10.12% by 24 bps as compared to 9.88% for the 9MFY24. Commission and fee based income has improved by 12.92% on YoY basis to Rs 708 crore from Rs 627 crore for 9MFY24. Operating expenses for the nine months was Rs 2,114 crore as compared to Rs 1,882 crore during the 9MFY24. Cost to income ratio stands at 47.06% (48.95% for 9M of previous year). Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said: We have continued 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 inclusive growth. We have maintained strong trajectory of growth in RAM (Retail, Agriculture, and MSME) verticals, continuing the solid start we made at the beginning of the year. I am confident that the same will be maintained going forward. Our total business crossed Rs 1,81,993 crore. The inclusive growth from all the business segments has supported for reaching net profit of Rs 1,428 crore for the nine months period. Result PDF