Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu making the total branch network of the bank increased to 839
Karur Vysya Bank: Karur Vysya Bank opened a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu today. This brings the total number of branches operated by the bank to 839. The branch was inaugurated by Dr. M. Sathya, Chief Medical Officer of the Government Hospital in Karambakkudi.
Karur Vysya Bank
Karur Vysya Bank
| Bank | Karur Vysya Bank |
|---|---|
| Company type | Public |
| Traded as | BSE: 590003 NSE: KARURVYSYA |
| Industry | Banking Financial services |
| Founded | 1916 |
| Headquarters | Karur, Tamil Nadu |
| Key people | Dr Meena Hemchandra (Chairperson) Mr. Ramesh Babu (MD & CEO) |
| Products | Consumer banking Corporate banking Finance and Insurance Investment banking Mortgage loans Private banking Wealth management Credit cards |
| Revenue | Increase ₹5,443.41 crore (US$680 million) (2016) |
| Operating income | Increase ₹1,235.42 crore (US$150 million) (2016) |
| Net income | Increase ₹567.63 crore (US$71 million) (2016) |
| Total assets | Increase ₹57,663.72 crore (US$7.2 billion) (2016) |
| Number of employees | 7,211 (2016) |
Establishment and Leadership: Karur Vysya Bank, commonly referred to as KVB, was founded on 25 July 1916 in Karur, Tamil Nadu, India by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. Since its inception, the bank has been guided by its vision and leadership.
Business Segments: As a Scheduled Commercial Bank, KVB operates primarily in the treasury, corporate/wholesale banking, and retail banking sectors. Its diverse portfolio caters to the needs of individuals, businesses, and agricultural communities.
Range of Services: KVB offers a wide array of banking services including personal banking, corporate banking, agricultural banking, and services tailored for Non-Resident Indians (NRIs) and Small and Medium-sized Businesses (SMBs).
Branches and ATMs: As of 31 March 2020, Karur Vysya Bank boasts approximately 800 branches and 1,650 ATMs, ensuring widespread accessibility of its services across India.
Financial Performance: With a Total Business of ₹107,591 crore, comprising deposits of ₹59,075 crore and advances of ₹48,516 crore, KVB has demonstrated robust financial performance and stability.
Expansion and Growth: From its humble beginnings in Karur, KVB has expanded its footprint nationwide, establishing a strong presence and delivering banking solutions to diverse communities across India.
Centenary Celebration: On 10 September 2016, Karur Vysya Bank marked a significant milestone as it celebrated its centenary in Chennai, with the esteemed presence of Shri. Pranab Mukherjee, the former President of India, was the guest of honour. This event underscored KVB’s enduring legacy and commitment to excellence in banking.
What is the corporate structure of Karur Vysya Bank?
Karur Vysya Bank is a public company listed on both the Bombay Stock Exchange (BSE) under the ticker symbol 590003 and the National Stock Exchange (NSE) under the symbol KARURVYSYA.
Where is Karur Vysya Bank headquartered and when was it founded?
The bank is headquartered in Karur, Tamil Nadu, India, and was founded in 1916.
Who are the key figures leading Karur Vysya Bank?
Dr. Meena Hemchandra serves as the Chairperson, while Mr. Ramesh Babu holds the position of Managing Director (MD) and Chief Executive Officer (CEO).
