Karur Vysya Bank Limited — Q2FY27 earnings call summary

Filed 17 October 2026 · Official transcript

Management cautious on margin pressure from competition and rising deposit costs; tactical pricing adjustments possible
Corporate loan growth cautious; working capital utilization steady; limited capex demand
Q2 FY27 total business grew 18% y-y to INR2.40tn; advances +7% q-q, deposits +5% q-q
Credit growth guidance for FY27: 18-20%; NIM maintained at 4.26% for Q2, full year expected above 4%
Branch expansion: 50 branches planned in FY27, focus on South, Maharashtra, Gujarat
Asset quality stable: GNPA 0.69%, NNPA 0.18%, slippages below 1%; credit cost 0.43% annualized
Gold loan portfolio stable with strong margin call system; yield at 10.75%, tenure 6-12 months
CASA grew 5% q-q; retail term deposits contribute 73% of total deposits