Karur Vysya Bank (KVB) announced the inauguration of its 6 new branches in Tamil Nadu & Andhra Pradesh today. These branches will offer a comprehensive range of banking services like accounts, deposits and loans including savings and current accounts etc., During the financial year 2024-25, the bank added 35 branches and the bank now has 877 branches.
The new branches that were opened today:
1. 872 nd Branch – Salem (Cherry Road) – inaugurated by Mr. Balasubramaniyan, Deputy
Commissioner, Salem Corporation
2. 873 rd Branch – Proddatur (Andhra Pradesh) – inaugurated by Mr. Mallikarjuna,
Municipal Commissioner, Proddatur
3. 874 th Branch – Tiruvallur (Manavala Nagar) – inaugurated by Mr. Thirunavukkarasu,
Municipal Commissioner, Tiruvallur
4. 875 th Branch – Trichy (Melachinthamani) – inaugurated by Dr. Kumaravel, Dean,
Mahatma Gandhi Memorial Government Hospital, Trichy
5. 876 th Branch – Chennai (Chitlapakkam) – inaugurated by Mrs. Sasikala, Deputy
Commissioner, Tambaram City Municipal Corporation
6. 877 th Branch – Tiruppur (Neruperichal) – inaugurated by Mr. Chikkannan, Trustee,
M N Chickkanna Chettiar Trust, Tiruppur
The new branches shall cater to all basic banking transactions and also specific needs of
customers, offering the entire spectrum of banking products and financial services covering
Retail, Institutional and Consumer lending.
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.
Presently Karur Vysya Bank has touch points in the form of 877 branches and 2200+ ATMs & cash recyclers. The Bank continues to grow with its strong financials. The bank’s total business was Rs. 1,81,993 crores as on 31.12.2024 with a deposit base of Rs. 99,155 cr. and advances at Rs. 82,838 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 nine months of the current fiscal was Rs. 1,428 crores. Net NPA of the Bank was 0.20%.