Q2 2026 Karur Vysya Bank Ltd Earnings Call Transcript
Key Points
- Karur Vysya Bank Ltd (BOM:590003) achieved a significant milestone by reaching 2000 crore in business at the end of the second quarter.
- The bank reported a year-on-year growth of 15% in both advances and deposits.
- Net interest margin was maintained at 3.77%, despite a decrease of 9 basis points from the previous quarter.
- The bank's gross NPA slightly increased to 0.76%, but net NPA remained steady at 0.19%, indicating strong asset quality management.
- The bank's ROA for the quarter stood at 1.81%, slightly better than the previously guided range of 1.55% to 1.65%.
- There was a modest increase in fresh slippages, with total slippages for the quarter amounting to 350 crore, primarily from the corporate book.
- The yield on advances declined by 24 basis points during the quarter, indicating pressure on interest income.
- Fee income remained flat quarter-on-quarter, suggesting challenges in generating non-interest income.
- The bank had to provide 186 crore for two corporate accounts that slipped into NPA, impacting credit costs.
- The cost to income ratio for the half-year ended was 44.76%, which, while within the guided range, indicates rising operational expenses.
Ladies and gentlemen, Good day and welcome to Q2 FY26 earnings conference call of the Karo Wehi Bank.
We have this today from the management team of KVB represented by Mr. Ramesh Babu, MD and CEO.
Mr. Shankar Vallapaha Pathurini executive director. Mr. Chandra Shekhar, Chief Operating Officer, and Mr. Ram Shankar, Chief Financial Officer.
As a reminder, all participant lines will be in the lesson only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference call, please signal an operator by pressing 0 on your touchtone phone.
Please note that this conference is being recorded.
I now have the conference over to Mr. Ramesh Babu, MD and CU to take us through the highlights of the quarter gone by, after which we will open the floor for questions.
Thank you and over to you, sir.
Yeah, thank you, Nero. So
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