Karur Vysya Bank

Last updated

The Karur Vysya Bank Limited
Type Public
BSE:  590003
Industry Banking
Financial services
Headquarters Karur, Tamil Nadu
Key people
Mr. N. S. Srinath
Mr. Ramesh Babu
(MD & CEO)Mr.Sakthi Vel(CEO)
Products Consumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, Wealth management, Credit cards
RevenueIncrease2.svg5,443.41 crore (US$720 million) (2016) [1]
Increase2.svg1,235.42 crore (US$160 million) (2016) [1]
Increase2.svg567.63 crore (US$75 million) (2016) [1]
Total assets Increase2.svg57,663.72 crore (US$7.7 billion) (2016) [1]
Number of employees
7,211 (2016) [1]
Capital ratio 11.79% [1]
Website https://www.kvb.co.in

Karur Vysya Bank is a Scheduled Commercial Bank in India. It has completed 100 years of operation and is one of the leading banks in India, headquartered in Karur in Tamil Nadu. [2] 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 798 branches and 1,780+ ATMs as on 1 July 2018. 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 1,00,000+ crore as of December 2017.


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 2012 [3]

The Bank has celebrated its Centenary celebrations on 10 September 2016 at Chennai with President of India Shri. Pranab Mukherjee as Chief guest.

Branch and ATM Network

A Karur Vysya Bank branch in Mysore, Karnataka Karur Vysya Bank - Mysore Branch.jpg
A Karur Vysya Bank branch in Mysore, Karnataka

It has 779 branches and network of 1659 ATMs and around 565 cash deposit machines as on 31 March 2020. KVB has recorded a Total Business of ₹107,591 crore with deposits of ₹59,075 crore and advances of ₹48,516 crore. [4]

See also

Related Research Articles

Indian Bank Indian public sector bank

Indian Bank is an Indian nationalised financial services and banking company under the ownership of the Ministry of Finance of the government of India. Established in 1907 and headquartered in Chennai, India, the bank serves over 100 million customers with 41,620 employees, 6,004 branches with 5,428 ATMs and cash deposit machines and is one of the top performing public sector banks in India.

Indian Overseas Bank Indian public sector bank

Indian Overseas Bank (IOB) is a major Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India based in Tamilnadu, India, with about 3,400 domestic branches, about 6 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. It is one of the two banks recommended for privatization by NITI ayog as per various news reports. As on 31 March 2021, IOB's total business stands at 379,885 crore (US$50 billion).

ICICI Bank Indian private sector bank

ICICI Bank Limited is an Indian financial services company with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

Bank of Madura was a Tamil Nadu-based bank established in 1943 by Karumuttu Thiagarajan Chettiar. It acquired Chettinad Mercantile Bank and Illanji Bank during the 1960s. The Bank of Madura was a Chettiar bank with a large customer base of over 2 million customers and a network of more than 280 branches and 40+ ATM centres spread across around 100 cities in India. The bank merged with ICICI Bank Limited, under Section 44A of the Banking Regulation Act, 1949, under the leadership of Chairman K.M. Thiagarajan. The Bank had roughly 44 billion INR in assets at the time of the merger, not accounting for inflation. The Reserve Bank of India approved the merger effective 10 March 2001. It was headquartered at Madurai.

Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in the city of Mumbai, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of February 2021, the bank has 1600 branches and 2519 ATMs.

Karnataka Bank Limited is India's twelfth largest Private sector bank. It is an 'A' Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India. Karnataka Bank Limited has a network of 857 branches, 1 Extension Counter, 952 ATMs and 479 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,466 employees and over 11 million customers throughout the country. Its shares are privately owned by over 1,46,000 shareholders. The tagline of the bank is "Your Family Bank Across India".

Kovaipudur Coimbatore, Tamil Nadu, India

Kovaipudur is a large township at the foothills of the Western Ghats, located in the City of Coimbatore, Tamil Nadu, India. The Regional Transport Office (RTO) of Coimbatore West is located at Kovaipudur. People represent this city as Little Ooty due to its cool climate and serene environment, and was set up sometime in late seventies. Today this township has about 7500 families, three arts colleges, one engineering college, a polytechnic and a handful of schools. Kovaipudur is a 20-minute drive from Ukkadam, a 30-minute drive from R.S Puram and a 35-minute Drive from Gandhipuram on a motor powered vehicle. Many small colonies have also come up around Kovaipudur in recent times. Kovaipudur has come under the Corporation of Coimbatore.

Dharapuram Historical town in Tamil Nadu, India

Dharapuram officially Tharaapuram is a town in Tirupur district in the Indian state of Tamil Nadu. Dharapuram is one of the oldest towns in Tamil Nadu and was the capital of Kongu Nadu under the Cheras, Western Ganga Dynasty and later Kongu Cholas, at which time it was known as Vanchipuri. Amaravathi River flows through the town. As of 2011, the town had a population of 67,007. Dharapuram Municipality is promoted 1st grade municipality on 6 May 1983 Dharapuram was Part of Coimbatore district in the beginning and later it moves to Erode district up to 2009. Dharapuram Town is situated along the banks of River Amaravathi, located in between 10 degree 45 minutes northern latitude and 77 degree 31 minutes eastern latitude with an extent of 7.02 km2. It is a small agricultural marketing centre for a large rural hinterland in the Tirupur District. The town is 50 km towards of the District Headquarters Tirupur, 75 km towards the Erode and 72 km towards the industrial town Coimbatore. The nearest airport is Coimbatore International Airport located 70 km from Dharapuram. Dharapuram was the capital of Noyyal South District before the formation of Coimbatore District.

Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala. The bank has 245 branches and 257 ATMs spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Gujarat, Delhi, West Bengal, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, Chandigarh, and Haryana.

TNPL Pugalur Locality in Tamil Nadu, India

TNPL Kagithapuram is a Locality of Punjai Pugalur Municipality in Karur district in the Indian state of Tamil Nadu.

City Union Bank Indian private sector bank

City Union Bank Limited (CUB) is an Indian bank headquartered in Kumbakonam, Tamil Nadu. The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904. The bank preferred the role of a regional bank in the Thanjavur district of Tamil Nadu. CUB provides a gamut of technological services such as net banking, mobile banking, self-service kiosks, bulk note acceptors, and point of sales. To cater to the needs of customers coming from many different walks of life, the bank also has a wide offering of savings and deposit products. It also offers many loan products to service the financial needs of small individual customers as well as large industries. In FY2016 the bank had a market capitalization of 12,529.92 crore (US$1.7 billion) and operated 700 branches, and 1762 ATMs.

ING Vysya Bank

ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.

Velayuthampalayam is a village located in Karur District in the Indian state of Tamil Nadu. It comes under the jurisdiction of Punjai Pugalur Town Panchayat. This town is situated on the footsteps of Pugali Malai Arunattan Malai, which houses Lord Murugan. The river Cauvery is 3 kilometers away from the town.It is very close to TNPL Kagithapuram. The adjacent places are TNPL Kagithapuram, Thottakuritchi and Karappalayam.

Tamilnad Mercantile Bank Limited (TMB) is a bank headquartered at Thoothukudi, Tamil Nadu, India. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. For the financial year 2018–2019, the bank reported a net profit of 2585 million. The bank currently has 509 full branches throughout India, 12 Regional offices and two link offices, two central processing centres, one Service Branch, four Currency Chests, 48 eLobby centres, 262 Cash Recycler Machines and 1135 Automated Teller Machines (ATM). The bank has been expanding its footprint all over India.

Pugalur is an area in Tamil Nadu in southern India divided into two parts, Nanjai and Punjai. Nanjai refers to land with plenty of water usually with water bodies like rivers, canals, ponds etc. and Punjai refers to land with fewer water bodies and with facilities such as bore wells. Pugalur in the nanjai area is known as Nanjai Pugalur and Pugalur in the punjai area is known as Punjai Pugalur.

Karumandapam Trichy City in Tamil Nadu, India

Karumandapam is a part of the city of Tiruchirappalli in Tamil Nadu, India, adjoining the Tiruchirappalli Junction. Situated on the Tiruchi-Dindigul road, Just 3 Km from Trichy Central Bus Stand. Karumandapam has been affected by traffic congestion over the past few years. Karumandapam has its unique Temple Named "Ilangattu mariamman Kovil"(இளங்காட்டு மாரியம்மன் கோவில்). This temple is very old and powerful for the Peoples who lives in and around Karumandapam.Its car festival falls on the Tamil month of "Vaigasi"(வைகாசி) every year. This is Seven days festival Through Sunday to next Monday.

The Shamrao Vithal Co-op. Bank Ltd. known as SVC Cooperative Bank Limited, is a scheduled bank in India that was established in 1906, being registered as a Co-operative Credit Society on 27 December 1906.

Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.

The Karnataka Vikas Grameena Bank (KVGB), an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of Ministry of Finance, Government of India. The bank provides retail banking services to rural users and has 628 branches in areas of Karnataka, around North and Western Karnataka.

The Tamil Nadu State Apex Co-operative Bank or TNSC Bank is an Indian cooperative banking company headquartered in Chennai. It was incorporated in 1905 as an urban cooperative bank. As of 2015, TNSC Bank had 46 branches in Chennai. TNSC Bank coordinates India's entire short-term cooperative credit structure.


  1. 1 2 3 4 5 6 "Balance Sheet 31.03.2016". kvb.co.in (9 June 2016).
  2. "Karur Vysya Bank Contact Information, Head Office, Email ID". Company Contact Information. 22 March 2020. Retrieved 22 November 2020.
  3. https://www.kvb.co.in/pdf/additionaldirector.pdf
  4. "Annual Report 2020" (PDF).