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.
 | |
| Company type | Public |
|---|---|
| BSE: 595003 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 |  ₹9,862.62 crore (US$1.2 billion) (2024)[1] |
| ₹2,829.14 crore (US$340 million) (2024)[1] | |
| ₹1,604.80 crore (US$190 million) (2024)[1] | |
| Total assets | ₹105,585.20 crore (US$13 billion) (2024)[1] |
Number of employees | 9,085 (2024)[1] |
| Capital ratio | 16.67% [1] |
| Website | https://www.kvb.co.in |
KVB provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. The bank had approximately 831 branches and 1,650 ATMs as of 30 September 2023.[3]
History
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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
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References
edit- ^ a b c d e f "Balance Sheet 31.03.2024". kvb.co.in (28 October 2024).
- ^ "Karur Vysya Bank Contact Information, Head Office, Email ID". Company Contact Information. 22 March 2020. Retrieved 22 November 2020.
- ^ "Inauguration of 4 new Branches" (PDF).
External links
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