Mumbai: Karur Vysya Bank (KVB) has announced a strong financial performance for the fiscal year ended March 31, 2025, reporting a 20.99% year-on-year increase in net profit to ₹1,942 crore. The bank also recorded healthy growth across key balance sheet metrics, reinforcing its operational resilience and strategic expansion.
Key Financial Highlights (FY25):
- Balance Sheet Size rose to ₹1,19,367 crore, up 13.19% from ₹1,05,453 crore in FY24.
- Total Business grew 14.08% year-on-year to ₹1,86,569 crore.
- Deposits crossed the ₹1 lakh crore mark for the first time, registering a 14.55% growth to ₹1,02,078 crore.
- Advances increased 13.52% to ₹84,491 crore.
Profitability and Margins:
- Net Interest Income (NII) increased 11.57% to ₹4,260 crore.
- Pre-Provision Operating Profit (PPOP) rose 19.81% to ₹3,212 crore.
- Net Interest Margin (NIM) stood at 4.09%, slightly down from 4.20% in FY24.
- Commission and Fee Income rose 12.33% to ₹965 crore.
Despite a 42 bps rise in the cost of deposits to 5.61%, KVB improved its cost-to-income ratio to 47.25% (from 48.26% in FY24), highlighting operational efficiency.
Q4 FY25 Performance:
- Quarterly Net Profit rose 12.50% to ₹513 crore.
- NII for Q4 increased 9.11% to ₹1,089 crore.
- PPOP surged 17.60% to ₹835 crore.
- Fee Income for the quarter grew 10.20% to ₹270 crore.
- NIM stood at 4.05%, while cost-to-income ratio improved to 47.77%.
Asset Quality & Capital Adequacy:
- Gross NPA improved significantly to 0.76% (from 1.40%),
- Net NPA fell to 0.20% (from 0.40%),
- Provision Coverage Ratio (PCR) increased to 96.81%.
- Capital Adequacy Ratio (CRAR) rose to 18.17%, well above the regulatory minimum of 11.5%.
Network Expansion: As of March 31, 2025, the bank’s network includes 888 branches, 1 Digital Banking Unit, and 2,252 ATMs / Cash Recyclers, supported by 352 business correspondents. Over 55% of branches are in semi-urban and rural locations, aligning with KVB’s inclusive growth strategy.
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