Karur Vysya Bank earnings calls.

Karur Vysya Bank delivered a strong Q3 FY26 with PAT of ₹690 croreCurrent reported value: ₹690 crore. No comparable prior figure is available in the source record. (+25Current reported value: 25. No comparable prior figure is available in the source record.% YoY, +20% QoQ) and NIM expansion to 3.99% (+22bps sequential), driven by 13bps sequential reduction in cost of deposits and repricing benefits from ₹400-444 day deposit products that matured in bulk. The bank's liability franchise proved disciplined—CASA grew 2% sequentially while fixed-rate loan mix improved from 15% to 23%Current fixed-rate loan mix improved from 15% to 23%. Reported change: +800bps QoQ. of the book, providing NIM protection against rate cuts. Slippages of ₹154 crore (0.63%Current 0.63%. Reported change: -180bps QoQ. annualized) came primarily from RAM verticals rather than corporate, with majority now secured by collateral. Management raised full-year ROA guidance to above 1.85% and targets NIM of 3.9-3.95% for FY26 despite the December 25bps rate cut fully impacting Q4. Recoveries from written-off accounts are on track at ₹601 crore YTD against ₹600 crore guidance. Risks include sequential NIM pressure in Q4 as deposit repricing tailwind moderates (only 10-15% of term deposits to reprice vs 20-25% this quarter) and deliberate vehicle loan portfolio run-down due to high LGD, which constrains certain growth avenues.