Karur Vysya Bank Reports Robust Q1 Earnings with Significant Growth

Karur Vysya Bank, a prominent name in the private banking sector, announced a strong net profit of Rs 521.45 crore for the first quarter ending June 2025, signaling a substantial improvement from Rs 458.65 crore in the corresponding period last year.

According to statements from the bank's Managing Director and CEO, Ramesh Babu B, the financial performance aligns with prior guidance, showcasing growth across key metrics of profitability and asset quality. The bank's total income for the quarter rose to Rs 3,015.80 crore from Rs 2,672.88 crore a year ago.

Furthermore, the bank's board approved the issuance of bonus equity shares, enhancing shareholder value and confidence. The Gross Non-Performing Assets have been reduced to 0.66 per cent, highlighting the bank's effective risk management strategies.

(With inputs from agencies.)