Karur Vysya Bank Limited has informed the Exchange regarding a press release dated September 29, 2025, titled "Karur Vysya Bank opens new branch in Pallikaranai, Chennai".
KARURVYSYA · price
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Karur Vysya Bank has opened a new branch in Pallikaranai, Chennai, taking its total branch count to 895 across India. The branch will offer standard banking services including savings accounts, current accounts, deposits, and loans covering retail, institutional, and consumer lending. The bank reported total business of Rs. 1,96,024 crore as of June 30, 2025, with deposits of Rs. 1,06,650 crore and advances of Rs. 89,374 crore. Q1FY26 net profit stood at Rs. 521 crore with a net NPA of just 0.19%, indicating strong asset quality.
This is a routine branch expansion with no material impact on financials. It reflects steady network growth and urban market penetration but is not significant enough to move the stock.