Type Public
Industry Banking
Founded 1916
Address Post Box No.21, Erode Road Karur Tamil Nadu India 639002
Founders
Headquarter
Revenue 54.43 billion INR (2016, US$810 million)
No of employees: 7,211 (2016)
Description
Karur Vysya Bank (Tamil) கருர் வைஸ்யா வங்கி is an Indian private-sector bank, headquartered in Karur in Tamil Nadu. 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. KVB provides services such as personal, corporate, agricultural banking and services to NRIs and 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 711 branches and 1,655 ATMs as on Mar 31, 2017. 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 95,000 crore as on Mar 31, 2017.
