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The bank’s total business grew by 14.93%, hitting ₹1.81 lakh crore. This is compared to ₹1.58 lakh crore last year.
Advances rose by 13.96%, reaching ₹82,842 crore. Deposits grew by 15.75%, reaching ₹99,155 crore.
CASA deposits increased by 4.28%, totaling ₹28,167 crore.
In addition to these financial results, Karur Vysya Bank inaugurated two new branches in Tamil Nadu, bringing its total branch network to 866.
The new branches are located at:
- 865th Branch: No.8, Saraswathy Nagar, Thirumullaivoyal, Chennai, 600062
- 866th Branch: No.72, Sri Amman Tower, R.K.V Nagar, No.1 Tollgate, Trichy, 621216
In the second quarter, the bank had reported a net profit of ₹473.60 crore for the second quarter of FY25, a 25.1% increase from ₹378.45 crore in the same quarter last year.
The total income for Q2 FY25 stood at ₹2,856 crore, compared to ₹2,336 crore in Q2 FY24. Operating profit before provisions and contingencies reached ₹816.24 crore, higher than ₹637.91 crore during the same period last year.
Operating expenses saw an increase to ₹715.72 crore from ₹616.36 crore in Q2 FY24, reflecting the bank’s investment in operations and staff.
