Karur Vysya Bank share price jumps over 2% on this business update

Karur Vysya Bank shares jumped over 2.3% on Tuesday, April 1, after the bank informed about its business updates for the January-March quarter.

The private lender’s total business grew 14.08% to ₹1.86 lakh crore as of March 31, 2025, as compared to ₹1.63 lakh crore the same time last year.

Its total deposits increased to ₹1.02 lakh crore, registering a 14.55% rise from the year-ago period of ₹89,113 crore.

Current account and savings account (CASA) also advanced 2.76% during the reporting period to ₹27,832 crore as against ₹27,085 crore in the March quarter of FY24.

Following this, at 14:22 PM, shares of Karur Vysya Bank were trading 2.27% higher at ₹214 apiece on the National Stock Exchange.

Recently, the bank had said that it has established 46 branches, taking the overall network to 888 branches during the financial year 2024-25.

"During the financial year 2024-25, the bank added 46 branches across the country. The branches would cater to basic banking transactions and also specific needs of customers, including the entire spectrum of banking products and financial services across retail, institutional and consumer lending," the bank said in a release on Sunday.

Karur Vysya Bank has over 2,200 ATM networks pan India. The bank's total business as of December 31, 2024, stood at ₹1,81,993 crore with a deposit base of ₹99,155 crore and advances of ₹82,838 crore, the release added.

The bank had reported a 20.39% rise in its net profit for the October-December 2024 quarter to ₹496 crore. It had registered a net profit of ₹412 crore during the corresponding quarter of the last financial year.

For the nine-month period ending December 31, 2024, the net profit surged by 24.28% to ₹1,428 crore, as compared to a net profit of ₹1,149 crore recorded during the corresponding period of last financial year.

For the quarter under review, the total income of the bank went up to ₹2,953.44 crore from ₹2,497.17 crore registered a year ago.