Karur Vysya Bank reaches a new milestone by inaugurating its 850th branch in Chennai
Karur Vysya Bank (KVB) announced the inauguration of its 850th branch in Chennai on 11th November. Also, the Bank inaugurated 5 other new branches during the day, thereby KVB reached a significant milestone of having its total branch network to 854.
City Air News
Nov 12, 2024 08:07
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Chennai: Karur Vysya Bank (KVB) announced the inauguration of its 850th branch in Chennai on 11th November. Also, the Bank inaugurated 5 other new branches during the day, thereby KVB reached a significant milestone of having its total branch network to 854.
Karur Vysya Bank started in the year 1916 and today has a gamut of financial services, all under one roof, and service millions of customers. KVB’s 56 % of branches are in rural and semi-urban areas which is a testimony of the bank’s commitment towards financial inclusion across India.
The 850th branch was inaugurated by B. Ramesh Kumar, MD & CEO, Karur Vysya Bank. The inauguration ceremony witnessed a vibrant gathering that included renowned personalities from the region, business leaders, Branch Managers and other officials of the Bank.
The banks’ total business stood at Rs. 1,76,138 crores as on 30.09.2024 with a deposit base of Rs. 95,839 crores and advances of Rs. 80,299 crores. With a network of 854 branches, KVB has an employee strength of 9085.
KVB offers various digital banking services to its customers. KVB DLite - the mobile banking app witnessed 5.63 million downloads which offers convenience of financial and non-financial services through 150+ features.
The Bank also inaugurated 5 other new branches on 11th November 2024, among them 3 from Tamil Nadu (Madurai, Nagercoil, Salem) and 2 from Andhra Pradesh (Nellore, Vijayawada).
