KARUR VYSYA BANK Q2 –
Advances up 15 pc YoY
Deposits up 13 pc YoY
Total business crosses 1.5 lakh cr for the first time ( Advances at Aprox 70k cr )
Q2 RoA @ 1.57 – highest in last 10 yrs (despite addititional contingency provisions of 25 cr) 
Q2 Net Profit – 378 cr, highest ever
Gross NPAs @ 1.73 vs 1.99 pc in Q1
Net NPAs @ 0.47 vs 0.59 pc in Q1
Provision Coverage Ratio @ 94.5 pc 
NIMs at 4.07 vs 4.19 pc in Q1 ( due higher increase in cost of deposits vs loans ) Guiding for 1.6 pc RoA , NIMs @ 3.8 pc for Q4 / qtr ending FY 24, Loan growth > 15 pc for FY 24
Credit cost guidance for FY 24 @ 75 bps !! 
Restructured book at 1.2 pc with 25 pc provisions. Also, almost all of restructured book is secured
Q2 slippages @ only 115 cr
Expecting a recovery of aprox 250 cr from written off accounts
Thrust areas – Gold Loans, Mortgages in Tier -2,3 cities
Disc: holding, biased, not SEBI registered
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