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Thursday, 28 June 2018

Karur VYSYA Bank


Karur VYSYA bank started operations in the year 1916. Based out of Karur, which was a small city with textile and agricultural background then, by –M.A. Venkatarama Chettiar and Athi Krishna Chettiar. KVB began with an initial capital of INR 100,000, and now it has become a leading bank that gives a gamut of economic services to hundreds of thousands of its clients. The KarurVYSYA a.k.a. KVB, was set up by its founder with an aim to encourage savings and offer monetary help to textile traders and farmers of Karur and nearby places. Despite its meagre initial capital, it has smilingly seen through numerous changes and demanding situations since inception and has become one of the main banks of the country while staying profitable and making no compromises in its values. The financial institution is professionally controlled and guided through the Board of directors coming from exceptional fields with imaginative and prescient, enjoy, expertise and business wisdom. Letting go of its regional footprint and confinements, the bank has grown extensively with over 675 branches in 20 States and three UTs on the way to benefit a nation-wide footprint. The financial institution has been carrying out its operations meticulously to comply to all the prudential norms and exacting statutory regulations. KVB has continuously followed strong financial indicators with a better %age of Capital Adequacy Ratio than mandated through the RBI. It has additionally been making profits and worthwhile its shareholders with good-looking dividends given that inception. Adapting to modern era, it introduced modern line of offerings as well as boom the value of merchandise on an on-going basis and offer these at decent rates. Expand branch community to cater the business centres, and under-privileged and under banked regions in India; toughen the financials by powerful operation and making sure monetary on line field while adhering to the regulator’s suggestions. Train and enable the workforce to provide satisfactory customer support.