Karur Vysya Bank (KVB) celebrated the inauguration of four new branches, expanding its reach in Tamil Nadu and Andhra Pradesh. With the opening of these new branches, KVB’s total branch network has increased to 858, enhancing its ability to serve customers across these regions.
New Branch Locations and Inauguration Details
The new branches are located in key cities in Tamil Nadu and Andhra Pradesh:
- 855th Branch – Vizag (Murali Nagar): Inaugurated by Shri Trinadh Rao, Evaluation Officer, Simhachalam Devastanam, Regional Joint Commissioner, Endowments Department, Government of Andhra Pradesh.
- 856th Branch – Cuddapah (Seven Roads): Inaugurated by Shri John Irwin Palaparthi, Revenue Divisional Officer & Sub Divisional Magistrate, Cuddapah.
- 857th Branch – Chennai (Kodungaiyur): Inaugurated by Hon’ble Justice M Duraiswamy B. Com, B.L, Chairperson, Tamil Nadu Real Estate Appellate Tribunal, Chennai.
- 858th Branch – Chennai (Nolambur): Inaugurated by Dr. S. Rajan, Chairman & HOD, Division of Cardiac Surgery, The Madras Medical Mission, Chennai.
These new branches will provide a full range of banking services, including retail and commercial banking products, insurance products through third-party tie-ups, and more. They are also equipped with modern banking facilities, such as ATM, Cash Deposit Machine, and Passbook printer, ensuring customer convenience.
Banking Services and Technology
Karur Vysya Bank is committed to enhancing its customers’ banking experience with advanced technological solutions. KVB offers Internet Banking and Mobile Banking facilities, including the recently upgraded KVB DLite Mobile Banking app. The app provides over 150 features, making it easier for customers to access both financial and non-financial services.
Financial Growth and Business
As of 30th September 2024, Karur Vysya Bank’s total business amounted to Rs. 1,76,138 crores, with deposits of Rs. 95,839 crores and advances of Rs. 80,299 crores. The bank posted its highest-ever net profit of Rs. 1,605 crores in the last financial year, and a net profit of Rs. 932 crores for the first half of the current fiscal year. The bank’s Net NPA stands at an impressive 0.28%, reflecting its strong financial performance.
Karur Vysya Bank continues to grow, offering convenient banking solutions and expanding its services to meet the evolving needs of customers.
