AUDITED FINANCIAL RESULTS FOR THE QUARTER /YEAR ENDED MARCH 31, 2026
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Audited (Refer note 12) | Unaudited | Audited (Refer note 12) | Audited | ||
| 1. Interest earned (a+b+c+d) | 290365 | 279418 | 251593 | 1107435 | 967804 |
| a) Interest / discount on advances / bills | 236516 | 228637 | 208045 | 911137 | 800765 |
| b) Income on investments | 50141 | 49782 | 42140 | 188392 | 162247 |
| c) Interest on balances with Reserve Bank of India & other interbank funds | 1123 | 523 | 982 | 3909 | 2012 |
| d) Other interest | 2585 | 476 | 426 | 3997 | 2780 |
| 2. Other income | 61580 | 50895 | 50933 | 208432 | 182955 |
| 3. Total income (1+2) | 351945 | 330313 | 302526 | 1315867 | 1150759 |
| 4. Interest expended | 154488 | 155493 | 142667 | 613580 | 541812 |
| 5. Operating expenses (i+ii) | 72781 | 74286 | 76362 | 294789 | 287714 |
| (i) Employees cost | 34075 | 36322 | 38493 | 143404 | 144921 |
| (ii) Other operating expenses | 38706 | 37964 | 37869 | 151385 | 142793 |
| 6. Total expenditure (excluding provisions and contingencies) (4+5) | 227269 | 229779 | 219029 | 908369 | 829526 |
| 7. Operating profit before provisions and contingencies (3-6) | 124676 | 100534 | 83497 | 407498 | 321233 |
| 8. Provisions (other than tax) and contingencies | 25766 | 10477 | 16140 | 75494 | 62160 |
| 9. Exceptional items | - | - | - | - | |
| 10. Profit from ordinary activities before tax (7-8-9) | 98910 | 90057 | 67357 | 332004 | 259073 |
| 11. Tax expense | 26414 | 21061 | 16021 | 80971 | 64909 |
| 12. Net profit from ordinary activities after tax (10-11) | 72496 | 68996 | 51336 | 251033 | 194164 |
| 13. Extraordinary items (net of tax expense) | - | - | - | - | - |
| 14. Net profit for the period (12-13) | 72496 | 68996 | 51336 | 251033 | 194164 |
| 15. Paid-up equity share capital (FV Rs.2/- per share) | 19333 | 19332 | 16102 | 19333 | 16102 |
| 16. Reserves excluding revaluation reserve | 1391454 | 1176852 | |||
| 17. Analytical ratio | |||||
| (i) % of shares held by Government of India | - | - | - | - | - |
| (ii) Capital adequacy ratio - Basel III (%) | 18.76 | 16.05 | 18.17 | 18.76 | 18.17 |
| (iii) Earnings per share (EPS)1 (Rs.) | |||||
| a) Basic EPS before and after extraordinary items | 7.50 | 7.14 | 5.31 | 25.98 | 20.10 |
| b) Diluted EPS before and after extraordinary items | 7.50 | 7.14 | 5.31 | 25.97 | 20.10 |
| (iv) NPA ratios | |||||
| a) Gross NPA | 74391 | 68694 | 64180 | 74391 | 64180 |
| b) Net NPA | 18621 | 18329 | 16621 | 18621 | 16621 |
| c) % of Gross NPA | 0.75 | 0.71 | 0.76 | 0.75 | 0.76 |
| d) % of Net NPA | 0.19 | 0.19 | 0.20 | 0.19 | 0.20 |
| (v) Return on asset (annualised) (%) | 2.10 | 2.05 | 1.73 | 1.93 | 1.72 |
| 18. Net worth2 | 1392118 | 1353332 | 1164488 | 1392118 | 1164488 |
| 19. Paid up debt capital/ Outstanding debt3(%) | - | - | - | - | - |
| 20. Debt/equity ratio4 | 0.03 | 0.05 | 0.06 | 0.03 | 0.06 |
| 21. Total debts to total assets5(%) | 1.92 | 2.24 | 1.02 | 1.92 | 1.02 |
1 – EPS not annualised for the quarter.
2 – Net worth is calculated as per guidelines given under RBI Master Circular on Exposure Norms including AFS reserve considered for Tier 1 capital.
3 – Outstanding debt / Total debts represent total borrowings of the Bank. Debt represents borrowings with residual maturity of more than one year.
4 – Equity represents total of share capital and free reserves less proposed dividend.
5 – Total assets as per Balance Sheet.
| SEGMENT REPORTING FOR THE QUARTER/YEAR ENDED MARCH 31, 2026 | |||||
|---|---|---|---|---|---|
| Business Segments | Quarter ended | Year ended | |||
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Audited (Refer note 12) | Unaudited | Audited (Refer note 12) | Audited | ||
| Segment revenue | |||||
| 1. Treasury | 58465 | 52886 | 45553 | 212726 | 174500 |
| 2. Corporate/Wholesale banking | 63014 | 83003 | 53940 | 257670 | 205470 |
| 3. Retail banking | 221301 | 188849 | 196491 | 823256 | 753218 |
| a) Digital Banking | 5 | 4 | 2 | 16 | 6 |
| b) Other Retail Banking | 221296 | 188845 | 196489 | 823240 | 753212 |
| 4. Other banking operations | 9165 | 5575 | 6542 | 22215 | 17571 |
| Total | 351945 | 330313 | 302526 | 1315867 | 1150759 |
| Segment results | |||||
| 1. Treasury | 19878 | 13612 | 10289 | 59092 | 40186 |
| 2. Corporate/Wholesale banking | 24226 | 27720 | 17037 | 88250 | 65298 |
| 3. Retail banking | 80990 | 62903 | 59837 | 276402 | 236876 |
| a) Digital Banking | (6) | (9) | (8) | (28) | (39) |
| b) Other Retail Banking | 80996 | 62912 | 59845 | 276430 | 236915 |
| 4. Other banking operations | 7413 | 4444 | 5050 | 17766 | 13595 |
| Total | 132507 | 108679 | 92213 | 441510 | 355955 |
| Less: Unallocated income/expenses | 7831 | 8145 | 8716 | 34012 | 34722 |
| Operating profit | 124676 | 100534 | 83497 | 407498 | 321233 |
| Tax expense | 26414 | 21061 | 16021 | 80971 | 64909 |
| Other provisions | 25766 | 10477 | 16140 | 75494 | 62160 |
| Net profit from ordinary activities | 72496 | 68996 | 51336 | 251033 | 194164 |
| Extraordinary items | - | - | - | - | - |
| Net profit | 72496 | 68996 | 51336 | 251033 | 194164 |
| Segment assets | |||||
| 1. Treasury | 3012024 | 3068591 | 2711385 | 3012024 | 2711385 |
| 2. Corporate/Wholesale banking | 2114679 | 2114488 | 1721605 | 2114679 | 1721605 |
| 3. Retail banking | 7867918 | 7694822 | 6811768 | 7867918 | 6811768 |
| a) Digital Banking | - | 1 | 2 | - | 2 |
| b) Other Retail Banking | 7867918 | 7694821 | 6811766 | 7867918 | 6811766 |
| 4. Other banking operations | - | - | - | - | - |
| 5. Unallocated | 665688 | 678817 | 691984 | 665688 | 691984 |
| Total segment assets | 13660309 | 13556718 | 11936742 | 13660309 | 11936742 |
| Segment liabilities | |||||
| 1.Treasury | 2985441 | 3005640 | 2442639 | 2985441 | 2442639 |
| 2. Corporate/Wholesale banking | 1839743 | 1855974 | 1548746 | 1839743 | 1548746 |
| 3. Retail banking | 6845556 | 6752891 | 6129468 | 6845556 | 6129468 |
| a) Digital Banking | - | - | - | - | - |
| b) Other Retail Banking | 6845556 | 6752891 | 6129468 | 6845556 | 6129468 |
| 4. Other banking operations | - | - | - | - | - |
| 5. Unallocated | 578782 | 594865 | 622934 | 578782 | 622934 |
| Total (a) | 12249522 | 12209370 | 10743787 | 12249522 | 10743787 |
| Capital employed (Segment assets - Segment liabilities) | |||||
| 1. Treasury | 26583 | 62951 | 268746 | 26583 | 268746 |
| 2. Corporate/Wholesale banking | 274936 | 258514 | 172859 | 274936 | 172859 |
| 3. Retail banking | 1022362 | 941931 | 682300 | 1022362 | 682300 |
| a) Digital Banking | - | 1 | 2 | - | 2 |
| b) Other Retail Banking | 1022362 | 941930 | 682298 | 1022362 | 682298 |
| 4. Other banking operations | - | - | - | - | - |
| 5. Unallocated | 86906 | 83952 | 69050 | 86906 | 69050 |
| Total (b) | 1410787 | 1347348 | 1192955 | 1410787 | 1192955 |
| Total segment liabilities (a+b) | 13660309 | 13556718 | 11936742 | 13660309 | 11936742 |
For the above segment reporting, the reportable segments are identified into Treasury, Corporate/Wholesale banking, Retail banking (Digital Banking & Other Retail Banking) and other banking operations in compliance with RBI guidelines. The Bank operates only in India.
Digital Banking Segment is a sub-segment of Retail Banking Segment under Accounting Standard 17 – Segment Reporting.
| STATEMENT OF ASSETS AND LIABILITIES | ||
| Particulars | As on 31.03.2026 (Audited) | As on 31.03.2025 (Audited) |
|---|---|---|
| Capital & liabilities | ||
| Capital | 19333 | 16102 |
| Reserves and surplus | 1391454 | 1176852 |
| Deposits | 11566574 | 10207799 |
| Borrowings | 262256 | 121698 |
| Other liabilities and provisions | 420692 | 414291 |
| Total | 13660309 | 11936742 |
| Assets | ||
| Cash & balances with Reserve Bank of India | 515439 | 735419 |
| Balances with banks and money at call and short notice | 14825 | 45253 |
| Investments | 2901989 | 2383125 |
| Advances | 9819061 | 8400454 |
| Fixed assets | 50162 | 49017 |
| Other assets | 358833 | 323474 |
| Total | 13660309 | 11936742 |
| CASH FLOW STATEMENT | ||
| Particulars | Year ended 31-03-2026 (Audited) | Year ended 31-03-2025 (Audited) |
|---|---|---|
| Cash flow from/(used in) operating activities | ||
| Net Profit as per Profit and Loss account | 251033 | 194164 |
| Adjustments for | ||
| Depreciation on Bank’s property | 12702 | 11373 |
| Provisions for other contingencies | 12890 | 11785 |
| Provision for taxes | 80971 | 64909 |
| Provision for Standard assets | 5448 | 3995 |
| Provision for Non Performing Assets | 57213 | 44040 |
| Provision for non performing investments | (58) | 2340 |
| Provision for compensated absences | 1799 | 3130 |
| Provision for medical leave | 494 | 1124 |
| Amortization of premium paid on Held to Maturity (HTM) investments | 8577 | 8528 |
| Provision for employees stock option plan / scheme | 305 | 275 |
| (Profit) /Loss on sale of fixed assets (net) | (907) | (306) |
| Operating profit before working capital changes | 430467 | 345357 |
| Adjustments for working capital changes | ||
| (Increase) / Decrease in investments (excluding HTM investments) | (378470) | 52251 |
| (Increase) / Decrease in advances | (1475728) | (1077642) |
| (Increase) / Decrease in other assets | (36288) | 8812 |
| Increase / (Decrease) in deposits | 1358775 | 1296526 |
| Increase / (Decrease) in borrowings | 140558 | (126137) |
| Increase / (Decrease) in other liabilities and provisions | (25310) | 1039 |
| 14004 | 500206 | |
| Direct taxes paid | (69400) | (51500) |
| Net cash flow (from)/ used in operating activities | (55396) | 448706 |
| Cash flow from investing activities | ||
| Purchase of fixed assets | (15213) | (17163) |
| (Increase)/Decrease in HTM investments | (161572) | (198283) |
| Sale of fixed assets / other assets | 2273 | 366 |
| Net cash flow from / (used in) investing activities | (174512) | (215080) |
| Cash flow from financing activities | ||
| Proceeds from share capital | 10 | 15 |
| Proceeds from share premium | 354 | 427 |
| Dividend paid | (20864) | (19253) |
| Net cash flow from / (used in) financing activities | (20500) | (18811) |
| Net Increase/ (decrease) in cash & cash equivalents | (250408) | 214815 |
| Cash and cash equivalents at the beginning of the year | 780672 | 565857 |
| Cash and cash equivalents at the end of the year | 530264 | 780672 |
Notes:
1. The above audited financial results for the quarter/year ended March 31, 2026 have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at the meeting held on May 07, 2026. The same has been subjected to audit as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), by the Joint Statutory Central Auditors (M/s. Kalyaniwalla & Mistry LLP, Chartered Accountants and M/s. Varma & Varma, Chartered Accountants) of the Bank and have issued an unmodified audit report.
2. The financial results are prepared after considering provisions for non-performing advances, non-performing investments, standard advances (including stressed advances/sectors), restructured advances, exposures to entities with unhedged foreign currency exposure, income tax (including litigated taxes as applicable) and other necessary provisions.
3. Other income includes fees earned from providing services to customers, commission from non-fund based banking activities, earnings from foreign exchange transactions, selling third party products, profit on sale of investments (net), recoveries in written off accounts, profit on bullion business etc.
4. During the quarter and year ended March 31, 2026 the Bank has allotted 23,631 equity shares and 4,86,121 equity shares respectively (corresponding quarter and previous year 1,16,895 equity shares and 6,80,540 equity shares respectively) of face value Rs. 2/- each, pursuant to the exercise of stock options by employees. In addition during the previous year 61,019 equity shares of face value of Rs.2/- each have been allotted under 2017 rights issue and 6,102 equity shares of face value of Rs.2/- each allotted under bonus shares of 2018 which were kept on abeyance.
During the quarter ended September 30, 2025, 16,10,35,439 equity shares were allotted to the eligible holders of equity shares on the record date (i.e., August 26, 2025) as bonus equity shares by capitalizing securities premium. In accordance with the ‘AS 20 – Earnings per Share’, the figures of Earnings Per Share for the quarter and year ended March 31, 2025 have been restated to give effect to the allotment of the bonus shares.
5. Pursuant to the notification issued by the Ministry of Labour and Employment, the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “New Labour Codes”) became effective from November 21, 2025. The Bank has reassessed its employee benefit obligations in accordance with the revised definition of wages. Accordingly, an incremental provision on account of past service cost in accordance with AS 15 - Employee Benefits amounting to Rs. 164 lakh has been recognized during the quarter and nine month ended December 31, 2025. The Bank continues to monitor developments relating to the implementation of the New Labour Codes and will review its estimates and assumptions on an ongoing basis.
6. Disclosure as per RBI (Commercial Banks-Financial statements, Presentation and Disclosures) directions, 2025 dated 28.11.2025 and as amended thereafter, on resolution plan implemented under the Resolution framework for COVID-19 related stress are given below:
| Type of borrower | Exposure to accounts classified as Standard consequent to implementation of resolution plan – outstanding as at 30.09.2025 | Of (A), aggregate debt that slipped into NPA during the half-year | Of (A), amount written off during the half-year | Of (A), amount paid by the borrowers during the half-year1 | Exposure to accounts classified as Standard consequent to implementation of resolution plan – outstanding as at 31.03.2026 |
|---|---|---|---|---|---|
| A | B | C | D | E | |
| Personal Loans | 23783 | 337 | - | 3301 | 20282 |
| Corporate persons* | 9291 | - | - | 847 | 8445 |
| Of which MSMEs | - | - | - | - | - |
| Others | 1265 | 27 | - | 203 | 1089 |
| Total | 34339 | 364 | - | 4351 | 29816 |
* As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016
1 Represents Net Movement in Balances
7. Disclosure as per RBI Circular RBI/DOR/2025-26/167 DOR.ACC.REC.No.86/21.04.018/2025-26 dated November 28, 2025 in respect of loans not in default / stressed loans transferred / acquired during the quarter/year ended March 31, 2026:
a) Loans not in default acquired through assignment
| Particulars | Quarter ended March 31, 2026 Acquired from | Year ended March 31, 2026 Acquired from | ||
|---|---|---|---|---|
| SCBs, RRBs, UCBs, StCBs, DCCBs, AIFIs, SFBs and NBFCs (incl. HFCs) | ARCs | SCBs, RRBs, UCBs, StCBs, DCCBs, AIFIs, SFBs and NBFCs (incl. HFCs) | ARCs | |
| Aggregate principal outstanding of loans acquired | 2638 | - | 10270 | - |
| Aggregate consideration paid | 2374 | - | 9243 | - |
| Weighted average residual tenor of loans acquired | 148 months | - | 112 months | - |
| Coverage of tangible security | 247% | - | 280% | - |
| Retention of beneficial economic interest by the transferor | 10% | - | 10% | - |
| Rating wise distribution of loans acquired | Not Applicable* | - | Not Applicable* | - |
*Loans not in default transferred through assignment
b) Loans classified as NPAs and SMA transferred
| Particulars | Quarter ended March 31, 2026 Transferred to | Year ended March 31, 2026 Transferred to | ||||
|---|---|---|---|---|---|---|
| ARCs | Permitted transferees | Others | ARCs | Permitted transferees | Others | |
| No. of accounts | 2 | - | - | 2 | - | - |
| Aggregate principal outstanding of loans transferred | 14940 | - | - | 14940 | - | - |
| Weighted average residual tenor of the loans transferred | - | - | - | - | - | - |
| Net book value of loans transferred (at the time of transfer) | - | - | - | - | - | - |
| Aggregate consideration | 10600 | - | - | 10600 | - | - |
| Additional consideration realized in respect of accounts transferred in earlier years | - | - | - | - | - | - |
| Excess provision reversed to the P&L a/c. on account of sale of NPA | 10600 | - | - | 10600 | - | - |
c) The Bank has neither transferred any stressed (SMA) loans and loans not in default during FY 2025-26; nor has acquired any stressed loans / loans classified as NPA during the financial year 2025-26 & 2024-25.
d) Recovery Ratings assigned to outstanding SRs as on March 31, 2026 by Credit Rating Agencies:
| Rating Scale | Book Value |
|---|---|
| RR1 | 3035 |
| RR1+ | - |
| RR2 | - |
| RR3 | - |
| RR5 | - |
| Unrated* (Rating Withdrawn) | 24964 |
| Total | 27999 |
*As per RBI guideline, rating is not applicable after 8 years
Disclosure as per RBI Circular RBI/DOR/2025-26/167 DOR.ACC.REC.No.86/21.04.018/2025-26 dated November 28, 2025 in respect of Project finance loans is given below:
| S.No | Item Description | Number of accounts | Total Outstanding # (Rs. in lakh) |
|---|---|---|---|
| 1 | Projects under implementation accounts at the beginning of the quarter. | 20 | 49039 |
| 2 | Projects under implementation accounts sanctioned during the quarter. | 4 | 2914 |
| 3 | Projects under implementation accounts where DCCO has been achieved during the quarter | - | - |
| 4 | Projects under implementation accounts at the end of the quarter. (1+2-3) | 24 | 51953 |
| 5 | Out of ‘4’ – accounts in respect of which resolution process involving extension in original/extended DCCO, as the case may be, has been invoked. | - | - |
| 5.1 | Out of ‘5’ – accounts in respect of which Resolution plan has been implemented. | - | - |
| 5.2 | Out of ‘5’ – accounts in respect of which Resolution plan is under implementation. | - | - |
| 5.3 | Out of ‘5’ – accounts in respect of which Resolution plan has failed | - | - |
| 6 | Out of ‘5’, accounts in respect of which resolution process involving extension in original/extended DCCO, as the case may be, has been invoked due to change in scope and size of the project. | - | - |
| 7 | Out of ‘5’, account in respect of which cost overrun associated with extension in original/extended DCCO, as the case may be, was funded | - | - |
| 7.1 | Out of ‘7’, accounts where SBCF was sanctioned during financial closure and renewed continuously | - | - |
| 7.2 | Out of ‘7’, accounts where SBCF was not pre-sanctioned or renewed continuously | - | - |
| 8 | Out of ‘4’ – accounts in respect of which resolution process not involving extension in original/extended DCCO, as the case may be, has been invoked. | - | - |
| 8.1 | Out of ‘8’ – accounts in respect of which Resolution plan has been implemented. | - | - |
| 8.2 | Out of ‘8’ – accounts in respect of which Resolution plan is under implementation. | - | - |
| 8.3 | Out of ‘8’ – accounts in respect of which Resolution plan has failed. | - | - |
# total outstanding is as of March 31,2026.
In terms of Reserve Bank of India (Commercial Banks – Transfer and Distribution of Credit Risk) Directions,2025, necessary details of Co-Lending Arrangements (CLAs) on an aggregate basis as under:
| S. No | Particulars | As of March 31,2026 |
|---|---|---|
| 1 | Quantum of CLAs Number of CLA partners Number of Outstanding cases Amount of Gross Outstanding (Rs. In lakh) | 6 6848447 105302 |
| 2 | Weighted average rate of interest (%) * | 19.17% |
| 3 | Fees charged/Paid during the quarter and for FY 25-26 (Rs. in lakh) | 5731 |
| 4 | Broad sectors in which CLA was made | Vehicle loan, secured LAP, unsecured PL, Home loan and Unsecured loan (BNPL) |
| 5 | Performance of loans under CLA (Rs. In lakh) Standard loans Non-Performing loans | 100568 4734 |
| 6 | Details relating to default loss guarantee (if any) | Axio Digital Pvt Ltd., provides FLDG cover to KVB upto 5% of the monthly disbursal cohort. Micro Green Housing Finance Ltd., provides a Default Loss Guarantee which at no time shall exceed more than 2.5% of the DLG set . |
* Subvented loans are not considered for determination of weighted average rate of interest.
8. Provision Coverage Ratio as on March 31, 2026, calculated as per RBI guidelines is 96.45% (96.81% for the corresponding period of previous year).
9. The Board of Directors have recommended a dividend of 130% i.e. Rs.2.60 per equity share of Rs. 2.00 each for the year ended 31st March 2026 (previous year 130% i.e. Rs.2.60 per share) subject to the approval of the shareholders at the ensuing Annual General Meeting. Effect of proposed dividend has been reckoned in capital adequacy ratio computation.
10. In accordance with RBI circular DOR.CAP.REC.70/21.01.002/2025-26 dated November 28, 2025, read together with RBI circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 01, 2015, Banks are required to make Pillar 3 disclosures under Basel III capital regulations. Accordingly, Pillar 3 disclosures under Basel III capital regulations will be made available on the Bank’s website at https://www.kvb.co.in/about-us/disclosures/pillar-III-disclosures/, including disclosures in respect of Net Stable Funding Ratio (NSFR) as per RBI circular DOR.No.LRG.BC.40/21.04.098/2020-21 dated February 05, 2021 read together with circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018. These disclosures have not been subjected to audit/review by the Joint Statutory Central Auditors.
11. The Bank does not have any Subsidiaries/Associates/Joint ventures as on March 31, 2026, hence, disclosure related to Consolidated Financial Statement is not applicable at this stage.
12. Figures for the previous period/s have been re-grouped / re-classified, where necessary, to make them comparable with current period figures. The Figures for the quarter ended March 31 are the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures of nine months ended December 31 of the respective financial year.
Date: 07th May 2026
B Ramesh Babu
MD & CEO
DIN: 06900325
