Summary
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: 590003 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 |  ₹5,443.41 crore (US$680 million) (2016)[1] |
| ₹1,235.42 crore (US$150 million) (2016)[1] | |
| ₹567.63 crore (US$71 million) (2016)[1] | |
| Total assets | ₹57,663.72 crore (US$7.2 billion) (2016)[1] |
Number of employees | 7,211 (2016)[1] |
| Capital ratio | 11.79%[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 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 edit
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 edit
References edit
External links edit
- The official site of The Karur Vysya Bank Limited