The Karur Vysya Bank Limited
The Karur Vysya Bank Limited (KVB) is a private sector bank headquartered in Karur, Tamil Nadu, India. Here is an overview of the history, profile, and financials of KVB:
History:
KVB was founded in 1916 by two visionaries, Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. The bank started its operations as a small unit in Karur, Tamil Nadu, and gradually expanded its operations to other parts of the country. Today, KVB has a network of over 780 branches and more than 2,000 ATMs across 22 states and 4 union territories in India.
Profile:
KVB offers a wide range of banking products and services, including savings accounts, current accounts, fixed deposits, loans, credit cards, debit cards, insurance, and investment products. The bank also offers digital banking services, including mobile banking and internet banking.
Financials:
In the financial year 2020-21, KVB reported a total income of INR 5,208 crore (approx. USD 700 million) and a net profit of INR 66 crore (approx. USD 8.8 million). Its total assets as of March 31, 2021, stood at INR 82,514 crore (approx. USD 11 billion). The bank's market capitalization as of September 30, 2021, was over INR 3,100 crore (approx. USD 420 million).
KVB has been recognized for its performance and innovation in the banking sector. It has been awarded the 'Best Small Bank' award by Business Today-KPMG for three consecutive years (2016, 2017, and 2018). The bank has also received other awards and recognition for its digital banking services and customer experience.
Karur Vysya Bank has branches across 11 States and two Union territories.
Card Protection Registration, On-line Bill Payments, On-line Shopping, VISA On-line Bill Pay, and Online Money Transfer from US are some of the online facilities available with Karur Vysya Bank.
INTERNATIONAL DIVISIONAL OFFICE:
KVB TOWERS,
II Floor,
568, Anna Salai,
Teynampet, AGM
Chennai- 600 018. (T.N.)
Phone : 044 - 24314185, 24314186, 24314187
TOLL FREE NUMBER 1800 102 1916
email : customersupport@kvbmail.com
Web : http://www.kvb.co.in/
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