{
  "id": 14884040,
  "title": "Karur Vysya Bank shares rally 6% after Q2 profit jumps 37% YoY",
  "url": "https://urgent.news/2026/10/16/karur-vysya-bank-shares-rally-6-after-q2-profit-jumps-37-yoy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T05:00:14.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/karur-vysya-bank-shares-rally-6-after-q2-profit-jumps-37-yoy/articleshow/134982900.cms"
  },
  "original_language": "en",
  "account": "Karur Vysya Bank shares surged by 6% to reach an intraday high of Rs 364.70 on Friday, following the private sector lender's impressive Q2 results. The bank reported a 37% year-on-year increase in net profit, reaching Rs 788 crore, and a 19% rise in net interest income, amounting to Rs 1,497.3 crore. Over the quarter ending September 30, 2026, total business expanded by 17.96% year-on-year and 5.48% sequentially to Rs 2,39,712 crore. Deposits grew by 15.96% year-on-year and 4.52% quarter-on-quarter, amounting to Rs 1,28,123 crore, while advances increased by 20.35% year-on-year and 6.60% quarter-on-quarter, reaching Rs 1,11,589 crore. The bank's current account and savings account deposits climbed 15.41% year-on-year and 4.40% quarter-on-quarter, pushing the CASA ratio to 27.52%. Karur Vysya Bank's net interest margin improved by 28 basis points year-on-year to 4.34%. The lender's management stated that they would continue to prioritize balanced business growth, operational efficiency, customer-centricity, and disciplined risk management.",
  "summary": "Karur Vysya Bank shares rose sharply after the private sector lender reported a 37% year-on-year rise in Q2FY27 net profit to Rs 788 crore. Net interest income grew 19% to Rs 1,497.3 crore, while total business increased nearly 18% to Rs 2.40 lakh crore.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}