Karur Vysya Bank has maintained its growth momentum in net profit, reporting a double-digit rise for both the March 2025 quarter and the full financial year FY25.
The bank’s Board has recommended a dividend of ₹2.60 per equity share of face value ₹2 each for the year ended March 31, 2025.
KVB posted a 21 per cent increase in net profit at ₹1,942 crore for FY25, compared with ₹1,605 crore in FY24, buoyed by strong growth in net interest income and other income. For the March 2025 quarter, net profit grew 13 per cent to ₹513 crore (₹456 crore in Q4FY24).
In FY25, net interest income grew 12 per cent to ₹4,260 crore (₹3,818 crore). Provisions and contingencies dropped to ₹622 crore in FY25 (₹729 crore in FY24).
For the March 2025 quarter, the bank’s net interest income grew 9 per cent to ₹1,089 crore (₹998 crore in Q4FY24).
Gross NPA declined to 0.76 per cent in the March 2025 quarter, compared with 1.40 per cent a year ago and 0.83 per cent in the December 2024 quarter. Net NPA also reduced to 0.20 per cent in Q4 FY25, down from 0.40 per cent a year ago and flat compared to the preceding quarter.
Its total business stood at ₹1,86,569 crore in Q4FY25 (₹1,63,536 crore in Q4FY24), an increase of 14 per cent. Deposits crossed the ₹1-lakh-crore mark and stood at ₹1,02,708 crore, up 15 per cent from ₹89,113 crore in Q4FY24, while advances rose 14 per cent to ₹1,86,569 crore (₹1,63,536 crore).