https://indianpedia.org/index.php?action=history&feed=atom&title=Karur_Vysya_BankKarur Vysya Bank - Revision history2026-07-31T16:06:36ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Karur_Vysya_Bank&diff=409397&oldid=prevCleanupBot II at 08:25, 14 August 20232023-08-14T08:25:13Z<p></p>
<p><b>New page</b></p><div>{{Use dmy dates|date=November 2021}}<br />
{{Use Indian English|date=October 2013}}<br />
{{Infobox company<br />
| name = The Karur Vysya Bank Limited<br />
| logo = Karur Vysya Bank.svg<br />
| type = [[Public]]<br />
| traded_as = {{BSE|590003}}<br/>{{NSE|KARURVYSYA}}<br />
| industry = [[Bank]]ing<br />[[Financial service]]s<br />
| key_people = Mr. N. S. Srinath <br />{{small|(Chairman)}} <br> Mr. Ramesh Babu<br>{{small|([[CEO|MD & CEO]])}}Mr.Sakthi Vel([[CEO]])<br />
| products = [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Financial services|Finance and Insurance]], [[Investment banking]], [[Mortgage loan]]s, [[Private banking]], [[Wealth management]], [[Credit card]]s<br />
| revenue = {{increase}}{{INRConvert|5443.41|c}} (2016)<ref name="BalSheet">[http://www.kvb.co.in/pdf/AR2015-16.pdf "Balance Sheet 31.03.2016"]. kvb.co.in (9 June 2016).</ref><br />
| operating_income = {{increase}} {{INRConvert|1235.42|c}} (2016)<ref name="BalSheet"/><br />
| net_income = {{increase}} {{INRConvert|567.63|c}} (2016)<ref name="BalSheet"/><br />
| assets = {{increase}}{{INRConvert|57663.72|c}} (2016)<ref name="BalSheet"/><br />
| equity = <br />
| num_employees = 7,211 (2016)<ref name="BalSheet"/><br />
| ratio = 11.79%<ref name="BalSheet"/><br />
| foundation = 1916<br />
| location = [[Karur]], [[Tamil Nadu]]<br />
| homepage = [https://www.kvb.co.in/ https://www.kvb.co.in]<br />
}}<br />
<br />
'''Karur Vysya Bank''' is a Scheduled Commercial Bank in India. It has completed 100 years of operation and is one of the leading banks in India, headquartered in [[Karur]] in [[Tamil Nadu]].<ref>{{Cite web|date=2020-03-22|title=Karur Vysya Bank Contact Information, Head Office, Email ID|url=https://companycontactinformation.com/karur-vysya-bank-contact-information-head-office-email-id/|access-date=2020-11-22|website=Company Contact Information|language=en-US}}</ref> It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in treasury, corporate/wholesale banking and retail banking segments.<br />
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KVB provides services such as personal, corporate, agricultural banking and services to NRIs and [[Small and medium-sized enterprises|MSME]]. Under personal banking, the bank provides housing loan, personal loan; insurance; and fixed deposits among others. Under corporate banking, KVB provides services like corporate loans; demat account, multicity current account and general insurance among others. Schemes provided by KVB under agricultural banking include Green Harvester, Green Trac and KVB Happy Kisan among others. Under MSME, the bank provides products such as KVB MSME Cash, KVB MSME Term Loan, KVB MSME Vendor Bill Discounting and KVB MSME Standby Term Loan among others. The bank had added more branches and 10 ATMs during the year thus bringing the total to 798 branches and 1,780+ ATMs as on 1 July 2018. It introduced a number of initiatives in FY16 like reloadable cards, kisan credit cards, automatic passbook kiosk, e-book, etc. The latest being introduction of fast tag and UPI based payment system. Total business volume is 1,00,000+ crore as of December 2017.<br />
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== History ==<br />
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'''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]].<br />
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Though the bank started with a seed capital of {{INR|1 lakh}}, as with most banks, the seed capital has grown, as have the services sold. The bank is managed and guided by the Board of Directors drawn from different fields.<br />
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Realising that there is more money elsewhere, the bank expanded out of Karur and established approximately 668 branches in other States and Union Territories in order to gain a pan-India presence.<br />
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Shri K.K. Balu was appointed as an Additional Director of the Bank on 27 January 2012<ref>https://www.kvb.co.in/pdf/additionaldirector.pdf</ref><br />
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The Bank has celebrated its Centenary celebrations on 10 September 2016 at Chennai with [[President of India]] Shri.'''[[Pranab Mukherjee]]''' as Chief guest.<br />
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== Branch and ATM Network ==<br />
[[File:Karur Vysya Bank - Mysore Branch.jpg|thumb|right|200px|A Karur Vysya Bank branch in [[Mysore]], Karnataka]]<br />
It has 779 branches and network of 1659 ATMs and around 565 cash deposit machines as on 31 March 2020. KVB has recorded a Total <br />
Business of {{INR|107591 crore}} with deposits of {{INR|59075 crore}} and advances of {{INR|48516 crore}}.<ref>{{Cite web|title=Annual Report 2020|url=https://www.bseindia.com/bseplus/AnnualReport/590003/65548590003.pdf}}</ref><br />
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==See also==<br />
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* [[Banking in India]]<br />
* [[List of banks in India]]<br />
* [[Reserve Bank of India]]<br />
* [[Indian Financial System Code]]<br />
* [[List of largest banks]]<br />
* [[List of companies of India]]<br />
* [[Make in India]]<br />
<br />
==References==<br />
{{Reflist}}<br />
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==External links==<br />
{{Commons category|Karur Vysya Bank}}<br />
* [http://www.kvb.co.in/ The official site of The Karur Vysya Bank Limited]<br />
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{{Banking in India}}<br />
<br />
[[Category:Private sector banks in India]]<br />
[[Category:Banks established in 1916]]<br />
[[Category:Companies based in Karur]]<br />
[[Category:Companies based in Tamil Nadu]]<br />
[[Category:Indian companies established in 1916]]<br />
[[Category:Companies listed on the National Stock Exchange of India]]<br />
[[Category:Companies listed on the Bombay Stock Exchange]]</div>CleanupBot II