The Karur Vysya Bank Limited commonly known as KVB was set up by Late Shri M.A. Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar, the two great visionaries in 1916 in Karur, a textile town in the Tamil Nadu state of India. This bank was formed as a simple financial unit in order to provide aid and financial assistance to the traders and small agriculturists in and around Karur. The Bank began with a mere capital of Rs. 1 lakh, with time it has emerged as one of the leading private sector banks in India.
Karur Vysya Bank: Branches and Business
The Karur Vysya Bank is professionally managed by a by the Board of Directors, who are visionaries from different fields. The aim of the bank is to please their customers continually with providing a perfect blend of tradition and technology along with innovative facilities and best service at affordable rates. With a very effective management and efficient work force, within its 93 years of existence the bank has spread to numerous parts of the country. Started with a regional flavor, the bank has spread throughout the length and breath of the country with over 285 branches in 13 States and 2 Union Territories.
The Karur Vysya Bank recorded a 33.77% growth in total business during fiscal 2007-08. The total business of the bank at the end of financial year 2007-2008 was Rs. 22118.83. The Karur Vysya Bank is also said to be the earliest bank in India to adhere by CAR (Capital Adequacy Ratio) predetermined by RBI. Even today, the bank maintains over 16% Capital Adequacy Ratio against the mandatory norm of 9% stipulated by the RBI. This strict adherence to a standard Capital Adequacy Ratio will certainly take care of future asset growth of the bank.
Karur Vysya Bank: Facilities and Customer service
Karur Vyasya Bank provides customers with numerous facilities right from personal banking to corporate banking, insurance and foreign outward remittance. As a part of personal banking facilities you get savings account, personalized loans, debit cards, deposits, life insurance, general insurance, mobile top ups, farmer’s green card, freedom saving accounts, students saving account. As a part of corporate banking, you get to enjoy facilities like current account, lending and financing along with multi-city account. The bank also offers its customers other facilities like Locker facility and VISA Debit Card. The Karur Vyasya Bank provides you with 24×7 retail as well as corapate Internet Banking Solutions.
Regd. & Head Office
Karur Vysya Bank
Karur – 639002
Tamil Nadu – India
Phone: 226520, 225521 / 25