Chennai: The lender has closed FY26 on a solid note, showing consistent expansion across key balance sheet metrics even as quarterly momentum remained modest.
Business growth accelerates
Karur Vysya Bank’s total business climbed to Rs 2,14,409 crore as of March 31, 2026, up from Rs 1,86,569 crore a year earlier, marking a 14.92 percent increase. The growth reflects a broad-based uptick in lending and deposit mobilisation, reinforcing the bank’s steady scale-up strategy. On a sequential basis, total business rose 1.31 percent from Rs 2,11,647 crore as of December 31, 2025.
Advances lead expansion
Advances emerged as the primary growth driver, rising 16.87 percent year-on-year to Rs 98,743 crore from Rs 84,491 crore. Sequentially, the loan book grew 1.74 percent over the December quarter level of Rs 97,052 crore. This sharper rise in advances compared to overall business suggests stronger credit demand and improved lending traction during the year.
Deposits show stability
Total deposits increased 13.31 percent year-on-year to Rs 1,15,666 crore, compared with Rs 1,02,078 crore a year ago. Deposits excluding certificates of deposit grew slightly slower at 12.33 percent to Rs 1,09,868 crore. Meanwhile, CASA deposits rose 11.82 percent annually to Rs 31,122 crore, though they dipped marginally by 0.25 percent sequentially, indicating some pressure on low-cost deposit share.
Momentum remains steady
Quarter-on-quarter growth across most metrics stayed moderate, pointing to stable but measured momentum entering the final quarter. Deposit growth of 0.93 percent and total business growth of 1.31 percent suggest the bank maintained consistency rather than aggressive expansion in the closing months of FY26.
The bank said the figures are provisional and subject to audit, as disclosed in its filing to stock exchanges on April 1, 2026.
Disclaimer: This article is based on provisional financial data disclosed by the bank in a regulatory filing, subject to audit and revision. It does not constitute investment advice or a recommendation.
