Karur Vysya Bank Ltd(KARURVYSYA)

NSE: KARURVYSYABSE: 590003

₹ 335.45-5.80%refreshed 23 Oct, 03:54 pm ISTMarket cap: ₹ 32,428 crWebsite: www.kvb.co.inUpdated: 24 Oct 2026

About

Karur Vysya Bank is a South India-based private sector bank offering retail, corporate and treasury banking services. Its total business was Rs 2,39,712 cr in Q2 FY27, up 18% YoY, with gross advances of Rs 1,11,589 cr and deposits of Rs 1,28,123 cr. It operates 921 branches, and RAM (Retail, Agriculture, MSME) made up 86% of the loan book in Q2 FY27. Net profit for FY26 was 2510.33 crore.^[1][2][3]

Business segments

Retail Banking contributed 62.6% of segment revenue (₹8,232.56 crore) in FY26, making it the dominant segment.^[4]
Corporate/Wholesale Banking contributed 19.6% of segment revenue (₹2,576.70 crore) in FY26.^[4]
Treasury contributed 16.2% of segment revenue (₹2,127.26 crore) in FY26, with its share declining 0.8 percentage points over FY2024 - FY2026.^[4]
Other Banking operations revenue was ₹222.15 crore in FY26 vs ₹175.71 crore in FY25.^[5]
The bank is organised into four business divisions: Commercial Banking, Consumer Banking, Agricultural Banking, and Corporate and Institutional Banking (FY26).^[5]

Loan book and deposit mix

Gross advances reached Rs 1,11,589 cr in Q2 FY27, up 7% QoQ and 20% YoY; RAM made up 86% of the book.^[2]
Corporate and institutional loans grew 12% QoQ in Q2 FY27 on demand from EPC, infrastructure, CRE and NBFCs; the commercial book grew 8% QoQ.^[2]
Mortgage loans (LAP) grew 12% QoQ and personal loans 11% QoQ in Q2 FY27, while retail jewel loans fell 1%; the bank is ceding housing and vehicle loans on competitive pricing.^[2]
Jewel loans were 29% of advances in Q2 FY27, against an internal cap of 35%.^[2]
About 91% of the agriculture portfolio consisted of Agri-Jewel (gold) loans as of FY26.^[5]
Deposits reached Rs 1,28,123 cr in Q2 FY27, up 5% QoQ and 16% YoY; CASA rose Rs 1,489 cr in the quarter to a CASA ratio of 27.52%.^[2]
Retail term deposits were about 73% of term deposits in Q2 FY27; FCNR(B) inflows of about Rs 680 cr followed the RBI rate-ceiling relaxation.^[2]
The bank had 83,882 JLG microcredit loans with ₹183.22 crore outstanding as of FY26.^[5]

Key operating metrics

NIM excluding one-offs was 4.26% in Q2 FY27, flat versus Q1 FY27; full-year FY26 NIM was 3.97%.^[2][6]
GNPA was 0.69% (down 5 bps QoQ) and NNPA 0.18% (down 1 bp QoQ) in Q2 FY27; PCR was 96.13%.^[2]
Slippage ratio was 0.44% and credit cost 0.43% in Q2 FY27, vs 0.53% and 0.33% in Q1 FY27.^[2][6]
Cost-to-income was 39.85% in Q2 FY27 vs 41.79% in Q1 FY27; ROA was 2.10%.^[2][6]
CRAR was 17.97% in Q2 FY27 vs 18.61% in Q1 FY27; LCR was 129%.^[2][6]
Business per employee rose to ₹21.70 crore in FY26 from ₹18.91 crore.^[5]

Asset mix and rate positioning

Fixed-rate loans rose to 34% of advances in Q1 FY27, from 29% at end-FY26 and 23% at end-Q3 FY26.^[6]
EBLR (repo-linked) book held at 55% of advances in Q1 FY27; MCLR-linked book fell from 14% to 9% over Q4 FY26 to Q1 FY27.^[6]
BNPL book was ₹812 crore in Q1 FY27 (+2% QoQ), with growth paused while fintech partner Axio undergoes ownership transition to Amazon.^[6]

Distribution network

The bank opened 20 branches in H1 FY27, taking the network to 921 branches.^[2]
As of FY26 the bank was present in 20 states and 2 union territories, with 2,213 ATMs/BNRMs and 8,802 POS terminals.^[5]
Mortgage branches expanded from 144 to 175 by Q1 FY27 to support LAP and home loan origination.^[6]
The Corporate & Institutional Group works through 9 Corporate Business Units, including Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad and Mumbai (FY26).^[5]
The small business group RM team added 228 new-to-bank customers in Q2 FY27.^[2]
The bank runs eight currency chests in Tamil Nadu, Andhra Pradesh, Telangana and Karnataka, and eight Asset Recovery Branches (FY26).^[5]
KVB DLite mobile app passed 7 Mn downloads with over 1 Mn monthly active users; UPI transactions reached 4,157 Lakh in the quarter ended March 2026.^[5]

Expansion and new products

50 branches planned for FY27, with 26 to be completed by end-Q3 FY27 and expansion into Maharashtra and Gujarat.^[2]
GST-surrogate and open term loan products crossed Rs 450 cr in Q2 FY27.^[2]
The bank is working on entry into used-vehicle financing (Q2 FY27).^[2]
The bank aims to raise life-insurance penetration from 1.6% to 3.8-3.9% to offset loss of banca commission (Q2 FY27).^[2]
Credit card offering relaunched for existing customers in Q1 FY27; extension to new-to-bank customers planned for H2 FY27.^[6]
The bank launched 26 products in FY26, including the KVB Corp mobile banking app and GST Surrogate Master, offering GST turnover-based funding up to ₹200 Lakh.^[5]

Guidance changes

In Q2 FY27 the bank guided FY27 credit growth at 18-20%, replacing its earlier framing of industry growth plus 1-2%.^[2]
FY27 NIM guidance was raised to 4%+ from 3.7-3.8%, and ROA guidance to about 2% from 1.7-1.8% (Q2 FY27).^[2]
FY27 asset-quality guidance is GNPA below 1.5%, NNPA below 1% and slippages below 1%; LCR to be kept at 115-120% (Q2 FY27).^[2]

Recent developments

Amazon acquired 100% of Axio (formerly Capital Float), the bank's BNPL partner; BNPL growth paused pending stabilisation (Q1 FY27).^[6]
The bank made a ₹163 crore one-time prudential provision in Q4 FY26 for sectors exposed to geopolitical risk, including textile, ceramics and export-linked sectors.^[7]
The bank exited its precious metal business in FY26, reducing ₹41 crore outstanding at the start of the year to nil.^[5]
MD & CEO term was extended by 2 years to approximately July 2028, announced during the Q3 FY26 call.^[8]
Written-off account recovery target for FY27 is ₹500 - 600 crore; Q1 FY27 recovery was ₹103 crore versus ₹216 crore in Q4 FY26.^[6]
Business Today named it Best Small Indian Bank for the 3rd consecutive year; it also won MSME Bank of the Year - Private at the Global SME Excellence Awards 2025-26.^[5]

Market Cap

₹32,428 Cr

High / Low

₹366 / 223

Stock P/E

12.2

Price / Book

2.4

Book Value

₹144

EPS

₹26.0

No. of Shares

96.66 Cr

ROE

19.3%

Sales

₹11,074 Cr

Net Profit

₹2,510 Cr

Promoter holding

1.9%

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Karur Vysya Bank Ltd(KARURVYSYA)

About

Business segments

Loan book and deposit mix

Key operating metrics

Asset mix and rate positioning

Distribution network

Expansion and new products

Guidance changes

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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