KARURVYSYA

Karur Vysya Bank (KVB) announced on May 29, 2026, the launch of its new premium credit card portfolio on the Visa platform. The portfolio, featuring four variants (Aura, Samara, Altura, Eternis), is designed to enhance premium banking experiences with curated travel, dining, and lifestyle benefits for affluent customers. This initiative aims to strengthen KVB's market proposition and deepen customer engagement. The bank also reported its highest-ever annual net profit of ₹2,510 crore for FY26.

Karur Vysya Bank received an order from the Commissioner of Income Tax (Appeals), partly allowing its appeal against a demand of ₹40.34 crore for AY 2022-23 (FY 2021-22). The Bank is challenging the order in an appropriate forum, expressing confidence in its legal grounds and expects the entire demand to be set aside, stating there will be no impact on its financial, operations, or other activities.

Karur Vysya Bank announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), effective May 22, 2026. Most MCLR tenors have been decreased; for instance, the Overnight MCLR revised from 8.85% to 8.65%, the One-month MCLR from 9.00% to 8.55%, and the Six-month MCLR from 9.15% to 9.00%. The One-year MCLR remains unchanged at 9.15%.

Karur Vysya Bank's Q4 FY26 earnings call revealed strong past performance, with the highest-ever net profit for both Q4 and the full year FY26. However, the management provided a cautious outlook for FY27, guiding for moderated credit growth of 1-2% over the industry. Net Interest Margin (NIM) is expected to be 3.75-3.8% for FY27 (a drop from Q4 FY26's 4.25% excluding one-offs), and Return on Assets (ROA) is guided at 1.7-1.8% (down from FY26's 1.93%), as the bank prioritizes preserving relationships over margins due to competitive intensity and rising cost of deposits. The bank anticipates maintaining GNPA below 1.5% and Net NPA below 1%, plans to open 50 new branches, and does not foresee needing to raise capital in FY27. A prudential provision of INR 163 crores was made for sectors potentially affected by geopolitical tensions.

Karur Vysya Bank announced the availability of the audio recording of its Conference Call held on May 07, 2026, at 6:00 P.M. (IST). The call discussed the Audited Financial Results for the quarter and year ended March 31, 2026. The recording can be accessed on the bank's website.

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Karur Vysya Bank announced a conference call with Investors/Analysts on Thursday, May 07, 2026, at 6:00 P.M. IST, to discuss the Audited Financial Results for the quarter and year ended March 31, 2026. This follows the intimation regarding the Board Meeting to consider and approve these results.

Karur Vysya Bank inaugurated a new divisional office in Tiruppur on April 27, 2026, to enhance operational empowerment and facilitate faster credit processing for MSMEs. The bank reported a net profit of Rs. 690 crores for Q3 FY26.

Karur Vysya Bank announced the opening of its 902nd branch in Thirupuvanam, Sivaganga district, Tamil Nadu, on April 27, 2026. This marks its first branch in the current financial year, expanding its presence. The bank also reported a Net Profit of ₹690 crores for Q3 FY26 and Net NPA of 0.19%.