Karur Vysya Bank Ltd (KVB) has announced robust growth in its financial performance for the fiscal year ending March 31, 2025. The bank reported a 13.52% year-on-year (YoY) increase in total advances and a 14.55% YoY rise in total deposits, reflecting strong customer trust and business momentum.
Key Highlights:
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Advances Growth: Total advances stood at ₹81,450 crore as of March 31, 2025, compared to ₹71,750 crore in the same period last year. This marks a significant improvement from February 2025, when advances were at ₹79,200 crore.
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Deposits Growth: Total deposits reached ₹1,02,600 crore, up from ₹89,600 crore a year ago. In February 2025, deposits stood at ₹1,01,200 crore, showcasing consistent monthly growth.
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CASA Ratio: The bank's Current Account Savings Account (CASA) ratio improved marginally to 34.2%, driven by efforts to attract low-cost deposits.
Leadership Insights:
A spokesperson for KVB stated, “Our strong performance reflects the success of our customer-centric approach and digital initiatives. We remain committed to driving sustainable growth.”
Outlook:
With its steady growth trajectory and focus on innovation, KVB is well-positioned to strengthen its market presence in FY26.
Sources: Economic Times, Business Standard; April 1, 2025