Karur Vysya Bank Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report (BRSR) for FY 2024-25'.
KARURVYSYA · price
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Karur Vysya Bank has submitted its BRSR for FY 2024-25, which is part of its Integrated Annual Report, as mandated by SEBI's listing regulations. The bank reported a turnover of ₹11,507.59 crore and net worth of ₹11,644.88 crore, with operations across 888 offices in 22 states. The bank employs 9,866 people (28% female), saw a rise in employee turnover to 13.77% from 10.58%, and paid two RBI penalties totalling ₹10.91 lakh during the year. On the sustainability front, 4,195 GJ of energy came from renewable sources, emission intensity was 1.88 tCO2e per crore of revenue, and the central office received IGBC Platinum certification. The bank also extended credit to over 5.36 lakh weaker section accounts and 5.16 lakh small/marginal farmer accounts, conducted 302 financial literacy campaigns, and safely disposed 174 metric tonnes of e-waste.
This is a routine regulatory compliance filing with no direct material impact on the stock. However, the report signals rising employee turnover, an increase in customer complaints (5,833 vs 5,092 last year), and minor RBI penalties, while also highlighting steady ESG progress and strong financial inclusion metrics for long-term stakeholders.