Karur Vysya Bank Limited has informed the Exchange regarding a press release dated January 12, 2026, titled "Karur Vysya Bank Opens New Branch in Pune".
KARURVYSYA · price
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Karur Vysya Bank has opened a new branch in Pune's Sahakar Nagar, Maharashtra, taking its all-India branch network to 899. The branch will offer a full suite of banking services including savings and current accounts, deposits, and retail, institutional, and consumer loans. The bank cited Pune's rapid MSME and entrepreneurial growth as a key reason for expansion. As of 30 September 2025, KVB reported total business of Rs. 2,03,216 crore, deposits of Rs. 1,10,492 crore, advances of Rs. 92,724 crore, and Q2 FY26 net profit of Rs. 574 crore, with a net NPA of just 0.19%.
Modest positive for shareholders — branch expansion supports growth in retail and MSME lending, but a single new branch is unlikely to move the stock materially. Strengthens the bank's presence in a high-growth market.