The Karur Vysya Bank Limited | |
Type: | Public |
Traded As: | |
Industry: | Banking Financial services |
Key People: | Dr Meena Hemchandra Mr. Ramesh Babu (MD & CEO) |
Products: | Consumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, Wealth management, Credit cards |
Revenue: | (2024)[1] |
Operating Income: | (2024) |
Net Income: | (2024) |
Assets: | (2024) |
Num Employees: | 9,085 (2024) |
Ratio: | 16.67% |
Foundation: | 1916 |
Location: | Karur, Tamil Nadu |
Homepage: | https://www.kvb.co.in |
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.
KVB provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. The bank had approximately 831 branches and 1,650 ATMs as of 30 September 2023.[3]
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.