The Karur Vysya Bank Limited
TypePublic
BSE: 590003
NSE: KARURVYSYA
IndustryBanking
Financial services
Founded1916
HeadquartersKarur, Tamil Nadu
Key people
Dr Meena Hemchandra
(Chairperson)
Mr. Ramesh Babu
(MD & CEO)
ProductsConsumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, Wealth management, Credit cards
RevenueIncrease₹5,443.41 crore (US$680 million) (2016)[1]
Increase ₹1,235.42 crore (US$150 million) (2016)[1]
Increase ₹567.63 crore (US$71 million) (2016)[1]
Total assetsIncrease₹57,663.72 crore (US$7.2 billion) (2016)[1]
Number of employees
7,211 (2016)[1]
Capital ratio11.79%[1]
Websitehttps://www.kvb.co.in

Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India.[2] It was founded in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in the treasury, corporate/wholesale banking, and retail banking segments.

KVB provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. The bank had approximately 800 branches and 1,650 ATMs as of 31 March 2020. KVB has recorded a Total Business of ₹107,591 crore with deposits of ₹59,075 crore and advances of ₹48,516 crore.[3]

History

A Karur Vysya Bank branch in Mysore, Karnataka

The Karur Vysya Bank Limited, popularly known as KVB, was set up on 25 July 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu. The bank later expanded out of Karur in search of additional business opportunities and established a presence across India.

The bank celebrated its centenary on 10 September 2016 at Chennai with the then-President of India Shri. Pranab Mukherjee as the guest of honor.

See also

References

  1. 1 2 3 4 5 6 "Balance Sheet 31.03.2016". kvb.co.in (9 June 2016).
  2. ↑ "Karur Vysya Bank Contact Information, Head Office, Email ID". Company Contact Information. 22 March 2020. Retrieved 22 November 2020.
  3. ↑ "Annual Report 2020" (PDF).
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