Karur Vysya Bank
{{Short description|Indian private banking institution}}
{{Use dmy dates|date=November 2021}}
{{Use Indian English|date=October 2013}}
{{Infobox company
| name = The Karur Vysya Bank Limited
| logo = Karur Vysya Bank.svg
| type = Public
| traded_as = {{BSE|590003}}
{{NSE|KARURVYSYA}}
| industry = Banking
Financial services
| key_people = Dr Meena Hemchandra
{{small|(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 = {{increase}}{{INRConvert|9862.62|c}} (2024)[https://www.kvb.co.in/docs/annual-report-for-the-financial-year-2023-2024.pdf "Balance Sheet 31.03.2024"]. kvb.co.in (28 October 2024).
| operating_income = {{increase}} {{INRConvert|2829.14|c}} (2024)
| net_income = {{increase}} {{INRConvert|1604.80|c}} (2024)
| assets = {{increase}}{{INRConvert|105585.20|c}} (2024)
| equity =
| num_employees = 9,085 (2024)
| foundation = 1916
| location = Karur, Tamil Nadu
| homepage = [https://www.kvb.co.in/ https://www.kvb.co.in]
}}
Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India.{{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/|archive-url=https://web.archive.org/web/20210304194136/https://companycontactinformation.com/karur-vysya-bank-contact-information-head-office-email-id/|url-status=usurped|archive-date=4 March 2021|access-date=2020-11-22|website=Company Contact Information|language=en-US}} 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.{{Cite web |title=Inauguration of 4 new Branches |url=https://www.kvb.co.in/docs/press-release-kvb-expand-footprint-tn-karnataka.pdf}}
History
File:Karur Vysya Bank - Mysore Branch.jpg, Karnataka]]
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
References
{{Reflist}}
External links
{{Commons category|Karur Vysya Bank}}
- [http://www.kvb.co.in/ The official site of The Karur Vysya Bank Limited]
{{Banking in India}}
Category:Private sector banks in India
Category:Banks established in 1916
Category:Companies based in Karur
Category:Companies based in Tamil Nadu
Category:Indian companies established in 1916
Category:Companies listed on the National Stock Exchange of India