Karur Vysya Bank (KVB) inaugurated 4 news branches – two in Tamil Nadu, two in
Andhra Pradesh on 28 th November, 2024. With this, the total branch network of the Bank
increased to 858.
The new branches that were opened:
1. 855 th Branch – Vizag (Murali Nagar) – inaugurated by Shri. Trinadh Rao, Evaluation
Officer, Simhachalam Devastanam, Regional Joint Commissioner, Endowments Department, Government of AP
2. 856 th Branch – Cuddapah (Seven Roads) – inaugurated by Shri John Irwin Palaparthi,
Revenue Divisional Officer & Sub Divisional Magistrate, Cuddapah
3. 857 th Branch – Chennai (Kodungaiyur) – inaugurated by Hon’ble Justice M Duraiswamy B. Com, B.L, Chairperson, Tamil Nadu Real Estate Appellate Tribunal, Chennai
4. 858 th Branch – Chennai (Nolambur) – inaugurated by Dr. S. Rajan, MF, M. Ch, FRCS,
Chairman & HOD, Division of Cardiac Surgery, The Madras Medical Mission, Chennai
The new branches will provide the complete range of banking services that include retail
and commercial banking products, insurance products through third party tie-ups, etc., The
branches have been provided with an ATM, Cash Deposit Machine and Passbook printer for
the convenience of its customers.
KVB offers Internet Banking and Mobile Banking facilities. KVB DLite, the Mobile Banking
app of the Bank offers convenience of financial and non-financial services through 150+
features. The app has been recently upgraded with several customer friendly features as it grows with its strong financials. The bank’s total business was Rs. 1,76,138 crores as on 30.09.2024 with a deposit base of Rs. 95,839 cr. and advances at Rs. 80,299 cr. The bank had posted its highest ever net profit of Rs. 1,605 cr. during the last financial year. The Net Profit for the first half of the current fiscal was Rs. 932 crores. Net NPA of the Bank was 0.28%.
