Karur Vysya Bank

#4119

Rank

$2.24B

Marketcap

India

Country

Leadership team

Mr. Ramesh Babu Boddu (MD, CEO & Director)

Mr. Ramshankar R. (Chief Financial Officer)

Mr. J. Natarajan M.A, C.A.I.I.B. (Pres & COO)

Products/ Services

Banking, Financial Services, Personal Finance

Number of Employees

1,000 - 20,000

Headquarters

Karur, Tamil Nadu, India

Established

1916

Net Income

100M - 500M

Revenue

100M - 500M

Traded as

KARURVYSYA.NS

Social Media

URL

https://www.kvb.co.in

Overview

Location

Recognition and Award

References

Summary

The Karur Vysya Bank Limited provides various banking and financial services for personal and corporate customers in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings and current accounts; recurring, tax saving, and fixed deposits; personal, home, vehicle, and educational loans, as well as business loans, including working capital finance, term loans, and trade finance; foreign exchange services; debit and credit cards; prepaid instruments, including gift, forex travel, and re-loadable cards, as well as cards for senior citizens; life, non-life, and health insurance products; demat, trading, and mutual fund services; digital products; locker facilities; social security schemes; and government sponsored schemes. It also provides loans for micro, small, and medium enterprises, as well as commercial loans; mortgages; payment collection and transaction banking services; FCNR, NRE, and NRO deposits; jewel loans and loans against deposits; remittance services; and Internet and mobile banking services, as well as a range of products for the agricultural sector. As of March 31, 2022, the company operated 822 branches; 1,639 automated teller machines; 584 bunch note recycler machines; and 178 self-service passbook kiosks. The Karur Vysya Bank Limited was founded in 1916 and is based in Karur, India.

History

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.

Though the bank started with a seed capital of ?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.

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.

Shri K.K. Balu was appointed as an Additional Director of the Bank on 27 January 2012The Bank has celebrated its Centenary celebrations on 10 September 2016 at Chennai with the then President of India Shri. Pranab Mukherjee as Chief guest.

Mission

KVB firmly believes that service and trustworthiness will help it achieve great scale and size. The bank aims to lead its path with innovation, customer-centric solutions, technology and provide safe and secure banking services to its customers.

Vision

To be the most preferred Bank and exceed customer expectations through quality services and value added products.

Key Team

Mr. V. Srinivasan J.A.I.I.B., M.B.A (GM and Head of Credit Monitoring, legal & Recovery)

Mr. G. P. Ashok Kumar B.Com., C.A.I.I.B., C.I.S.A., D.C.M.P (GM of Data Centre & CTO)

Mr. K. V. S. M. Sudhakar (GM & Chief Compliance Officer)

Mr. S. Sekar B.Sc (Maths), B.Sc. (GM of IT & Chief Information Officer)

Mr. S. Balaji LLB Sociology, M.A., C.A.I.I.B. (Chief Gen. Mang.)

Mr. K. Mahendran (Head of Precious Metals Division & GM)

Mr. D. Immanuel Gnanaraj (Gen. Mang. of HR)

Recognition and Awards

KVB has won several awards such as 'Best Bank Award' from CNBC TV 18, 'STAR Award' from CRISIL, 'GIVE Award' from Dalal Street Investment Journal, 'Silver Award for Excellence' from Indian Bank Awards, and 'Emerging Bank of the Year' from Coromandal Investment Awards.