Shares of Karur Vysya Bank hit an intraday high of ₹328, climbing 2.2% from the day’s low of ₹320.90, even as the market broadly retreated that Thursday.
The bank’s net profit shot up 45% YoY to ₹756 crore, and its net interest income climbed 32% to ₹1,422 crore, underscoring a solid earnings engine.
Total business jumped 18% YoY to ₹2.39 lakh crore, with advances up 20.3% YoY to ₹1.11 lakh crore and deposits growing 16% YoY to ₹1.28 lakh crore. CASA deposits were a bright spot, rising 15.4% YoY to ₹34,265 crore.
Asset quality held steady: gross NPAs fell marginally to 0.74% and net NPA stayed at 0.19%. The bank’s recent MCLR hikes—effective from August 22, 2026—raise the overnight rate to 9% and the one‑month rate to 9%, signalling tighter borrowing costs.
With the MCLR adjustments and a robust loan base, investors will watch for potential margin compression in the coming quarter, while the bank’s next quarterly report will clarify how cost‑of‑fund pressures shape future earnings.