The record
Written from the 1 report below. Nothing here is unsourced.
- Karur Vysya Bank reported its highest quarterly profit of Rs 756 crore for Q1FY27, up 45 per cent year-on-year, driven by 32 per cent growth in net interest income and 16 per cent growth in total business.
- Advances crossed Rs 1 lakh crore with 17 per cent growth, while deposits rose to Rs 1,22,587 crore.
- Asset quality was largely stable, with gross NPAs at 0.74 per cent and net NPAs at 0.19 per cent, though the gross NPA ratio rose slightly by 8 basis points.
- The bank's shares closed down 2.7 per cent at Rs 301.35 on the BSE.
What to watch next
- Whether the bank's front-loaded growth approach sustains through the rest of FY27, as management claims alignment with guidance
- The 21 per cent dip in vehicle loans versus the sharp 47 per cent rise in retail jewel loans
- Whether the slight rise in gross NPAs (up 8 bps YoY) continues in coming quarters
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Named India · Karur Vysya Bank · Ramesh Babu B
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