Karur Vysya Bank (KVB) announced the inauguration of its 850 th branch in Chennai
on 11 th November 2024. Also, the Bank inaugurated 5 other new branches during the day,
thereby KVB reached a significant milestone of having its total branch network to 854.
Karur Vysya Bank started in the year 1916 and today has a gamut of financial services, all
under one roof, and service millions of customers. KVB’s 56 % of branches are in rural and
semi-urban areas which is a testimony of the bank’s commitment towards financial inclusion across India.
The 850 th branch was inaugurated by Mr. B Ramesh Kumar, MD & CEO, Karur Vysya Bank.
The inauguration ceremony witnessed a vibrant gathering that included renowned
personalities from the region, business leaders, Branch Managers and other officials of the
Bank. The new branch is located at 19/10, 3 rd Main Street, Officers Colony, Adambakkam,
Chennai – 600 088.
The banks’ total business stood at Rs. 1,76,138 crores as on 30.09.2024 with a deposit base of Rs. 95,839 crores and advances of Rs. 80,299 crores. With a network of 854 branches, KVB has an employee strength of 9085. KVB offers various digital banking services to its customers. KVB DLite – the mobile banking app witnessed 5.63 million downloads which offers convenience of financial and non-financial services through 150+ features. The Bank also inaugurated 5 other new branches on 11 th November 2024, among them 3 from Tamil Nadu (Madurai, Nagercoil, Salem) and 2 from Andhra Pradesh (Nellore, Vijayawada).
Karur Vysya Bank is headquartered in Karur, Tamil Nadu. The bank has touch points in the form of 854 branches and 2200+ ATMs & cash recyclers. The Bank has built its financials around three pillars – Growth, Profitability and Asset Quality. The Bank is being involved in various CSR activities constantly. The Bank continues to grow with its strong financials. The bank had posted its highest ever net profit of Rs. 1,605 crores 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%.
