Mr. B. Ramesh Babu, Managing Director & CEO, The Karur Vysya Bank said “We have achieved another strong quarter of performance, guided by our three key metrics: growth, profitability, and asset quality. The bank’s performance indicators align with our guidance, demonstrating consistent and steady growth. It’s encouraging to see inclusive growth in our RAM (Retail, Agriculture, and MSME) verticals, continuing the strong start we made last quarter. I am confident that the same will be maintained in the ensuing quarters. Our total business crossed ₹1,76,138 cr. The inclusive growth from all the business segments has supported for reaching net profit of ₹932 cr for the half year”.

Highlights:

· Balance sheet size as of September 30, 2024 was ₹ 112,573 crore as against ₹ 98,434 crore as of September 30, 2023, a growth of 14.36%.

· Total business as on 30th September 2024 stands at ₹ 1,76,138 crore, registering a Y-o-Y growth of 14.74% i.e. up by ₹ 22,622 crore from ₹ 1,53,516 crore as on 30.09.2023.

· Net profit for the quarter registered a robust growth of 25.13% and stood at ₹ 473 crore from ₹ 378 crore during corresponding quarter of previous year.