Karur Vysya Bank Ltd

KMP tenure and COO transition

• Chandrasekaran M S, CGM & COO, demits office on 15 October 2026 after completing tenure.
• Ramshankar R to take charge as Chief Operating Officer from 16 October 2026.
• Annexure I contains SEBI disclosure per circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.
• Reason for change: Completion of Term.
• Date of cessation: 15 October 2026.
• Term of Appointment: Not Applicable.
• Status is routine KMP tenure completion with leadership transition.

Meeting Details

• Date and time: 15 October 2026, 6:00 P.M. IST.
• Type and mode: conference call with audio recording.
• Event/organiser: Bank for unaudited Q2 2026 results.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: discuss unaudited results for quarter and half-year ended 30 September 2026.

Additional Notes

• Audio recording available on bank's website.

Meeting Details

• Date: 15 October 2026; Time: 12:30 PM–4:45 PM; Location: not disclosed

Key Agenda Items

• Approved allotment of 14,442 equity shares to senior management under KVB ESOS 2018 for FY 2022-23

ESOS allotment

• Approved allotment of 14,442 equity shares (₹2) under KVB ESOS 2018 to Senior Management for FY 2022-23.

Financial highlights

• Total business Rs 2,39,712 crore; YoY +17.96%, QoQ +5.48%.
• Deposits Rs 1,28,123 crore; YoY +15.96%, QoQ +4.52%.
• Advances Rs 1,11,589 crore; YoY +20.35%, QoQ +6%.
• RAM advances growth YoY 20.00%; QoQ 6%.
• CASA ratio 27.52%; CASA up 15.41% YoY; QoQ +4.40%.
• PPOP Rs 2,258 crore H1 FY2027; YoY +23.86%.
• Net profit Rs 1,543 crore; YoY +40.91%.
• NIM 4.34%; YoY +28 bps.
• Commission & fee income Rs 561 crore; YoY +11%.
• NII (H1) Rs 2,920 crore; YoY +24.73%.
• NII (Q2) Rs 1,497 crore; YoY +18.72%.
• Fee income (Q2) Rs 290 crore; YoY +14.62%.
• Q2 cost to income 39.85%; H1 40.53%.
• GNPA 0.69%; NNPA 0.18%; PCR 96.13%.
• CRAR 18.61%; CET1 17.98%.
• Balance Sheet Rs 1,50,831 crore; Branches 921; ATMs 2,192.

Financial highlights

• Q2 FY27: Net profit ₹788 Cr; up 37% YoY; total income ₹1,932 Cr; NII ₹1,497 Cr.
• PBT ₹2,049 Cr; tax ₹506 Cr; PAT ₹1,543 Cr for H1.
• EPS (quarter) ₹8.15; half-year ₹15.97.
• NIM 4.26%; Cost-to-income 39.85%; yield on advances 10.09%.

Asset quality and liquidity

• Asset quality: GNPA 0.69%; NNPA 0.18%; Provisions (half-year) ₹374 Cr; Slippage modest.
• Total gross advances ₹1,11,589 Cr; deposits ₹1,28,123 Cr; total business ₹2,39,712 Cr.
• CRAR 17.97%; Tier I 15,154 Cr; RWA 87,495 Cr.
• Advances growth 20% YoY; deposits growth 16% YoY; total business 18% YoY.

Governance and ESG

• Board: 9 directors; 7 independent; Lead Independent Director designated.
• ESG: IGBC Platinum certification; Founding Member of IGBC; ESG risk framework in place.

Financial highlights

• Q2 FY27 total income: 367,021 lakhs; QoQ +5.1%, YoY +10.6%.
• Net profit from ordinary activities after tax: 78,769 lakhs; QoQ +4.2%, YoY +37.2%.
• Basic EPS: 8.15 Rs; Diluted EPS: 8.14 Rs for the quarter.
• CAR (Basel III): 17.97% as of 30-09-2026.
• Gross NPA: 76,544 lakhs; 0.69% of gross advances; Net NPA: 19,863 lakhs; 0.18%.
• Deposits: 12,812,329 lakhs; Advances: 11,101,522 lakhs.
• ROA (annualised): 2.10% for quarter ended 30-09-2026.
• Total assets: 15,083,072 lakhs; Net worth: 1,522,359 lakhs.
• Segment revenue: Treasury 56,656; Corporate 70,484; Retail 233,433; Other 6,448.
• Segment profit: Treasury 15,341; Corporate 24,591; Retail 79,477; Other 5,221.
• Half-year: Total income 716,142; Net profit 154,339.
• Stock options: 44,660 and 67,230 equity shares allotted.
• Floating provision 2,500 lakhs created; treated as Tier II capital.
• Dividend paid during half-year: 24,950.
• Pillar 3 disclosures placed on bank website; not audited/reviewed.

Balance sheet & liquidity

• Total assets as of 30-09-2026: 15,083,072 lakhs; segment assets: Treasury 3,127,424; Corporate 2,576,009; Retail 8,721,542; Other 658,097.
• Total deposits: 12,812,329 lakhs; borrowings: 232,091 lakhs.
• Net cash flow from operating activities: 307,536; investing: (46,846); financing: (24,950).
• Cash & cash equivalents at end: 766,004 lakhs.
• Auditors' limited review: unmodified conclusion.

Capital adequacy & asset quality

• No subsidiaries; Consolidated results not applicable as of 30-09-2026.
• Pillar 3 disclosures placed on KV Bank website; not audited.
• Floating provision created and other provisioning as per RBI norms.

Key financial highlights

• Net profit (H1 FY27) rose to Rs 1,543 crore, up 40.91% YoY.
• PPOP (H1 FY27) 2,258 crore, up 23.86% YoY.
• Net interest income (H1 FY27) Rs 2,920 crore, up 24.73% YoY.
• NIM (H1 FY27) 4.34%, up 28 bps YoY.
• CASA ratio stood at 27.52%.
• Total business Rs 239,712 crore, up 17.96% YoY.
• Total deposits Rs 128,123 crore, up 15.96% YoY.
• Total advances Rs 111,589 crore, up 20.35% YoY.
• RAM advances grew 20.00% YoY.

Capital adequacy & asset quality

• CRAR stood at 18.61% (Basel III).
• CET1 ratio at 17.98%.
• GNPA 0.69%; NNPA 0.18%.
• PCR 96.13%.

Efficiency and profitability metrics

• ROA 2.10% and ROE 20.47% for the quarter.
• Cost to income ratio 40.53% (H1).

Business Overview

• Private sector bank offering retail, SME, and corporate lending; RAM-led growth and digital strategy.
• Pan-India presence with 921 branches; focus on retail deposit franchise.

Key Operational Highlights

• Deposits up 16% YoY to ₹1,28,123 crore; Advances up 20% YoY to ₹1,11,589 crore.
• Q2 FY27: Total income ₹1,932 crore; Net profit ₹788 crore; EPS ₹8.15.
• NIM at 4.26%; ROE 20.47% for Q2; Cost to income 39.85%.
• GNPA 0.69%; NNPA 0.18%; stress book ratio 0.40% of assets.

Financial Performance

• Total assets ₹1,50,831 crore; Advances (Net) ₹1,11,015 crore; Deposits ₹1,28,123 crore.
• CRAR 17.97%; Tier I ₹15,154 crore; Total capital ₹15,725 crore.
• Total income (Q2) ₹1,932 crore; H1 ₹3,797 crore.
• Net profit Q2 ₹788 crore; H1 ₹1,543 crore.
• EPS (Q2) ₹8.15.

Capital Structure & Liquidity

• CRAR 17.97%; Total capital ₹15,725 crore; Tier I ₹15,154 crore; Tier II ₹571 crore.
• Borrowings ₹2,321 crore; Branches 921; CASA 27.52%.

Strategic Priorities & Outlook

• Digital adoption driving scale; DLite Banking and KVB Corp app; 7.74 million downloads; 1.3 million MAU.
• RAM-led growth across Retail, Agriculture, and Corporate segments.

Risks & Mitigation

• Asset quality metrics stable; GNPA 0.69%, NNPA 0.18%.
• Restructured Advances at 0.33% of total; recoveries and stress testing ongoing.

Governance & Leadership

• Board of 9 directors: 7 Independent, 2 Whole-Time Directors; 3 women; Lead Independent Director.
• FY25-26 Integrated Annual Report published; 5th Integrated Report.

Financial results and board actions

• Unaudited standalone results for Q2 and half-year ended 30 Sept 2026 approved.
• Limited review report issued; audit opinion not provided.
• Pillar 3 disclosures placed on website; not reviewed by auditors.
• Floating provision of Rs 2,500 lakhs created; included in Tier II capital.
• Stock options exercised: 44,660 shares in Q2 and 67,230 in H1.

Regulatory disclosures

• Co-Lending Arrangements disclosures submitted per RBI directions.
• Bank has no subsidiaries; consolidation not applicable as of Sep 30, 2026.

Notes and period reference

• Results pertain to quarter and half-year ended 30 September 2026; board met on 15 October 2026.