Karur Vysya Bank's Impressive Q3 FY25 Performance

Private sector Karur Vysya Bank (KVB) has announced a significant 20.4% increase in net profit, reaching Rs 496 crore for the quarter ending December 31, 2024, compared to Rs 412 crore in the same quarter of the previous year.

Financial Highlights

The bank's net interest income saw a 7.79% rise to Rs 1,079 crore in Q3 FY25, up from Rs 1,001 crore in the corresponding quarter of the last fiscal year. Notably, the gross non-performing assets (GNPA) improved by 75 basis points, standing at 0.83% of gross advances as of December 31, 2024, a significant improvement from 1.58% on December 31, 2023.

Leadership's Perspective

Ramesh Babu B, Managing Director & CEO of KVB, highlighted the bank's strong performance, attributing it to growth, profitability, and asset quality. He emphasized the bank's continued growth trajectory in the retail, agriculture, and MSME sectors.