Type Public Headquarters Karur Number of employees 7,071 | Customer service 1860 200 1916 Founded 1916 | |
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Traded as BSE: 590003
NSE: KARURVYSYA Industry Banking
Financial services Key people B.Swaminathan
(Chairman) Products Consumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, Wealth management, Credit Cards Revenue ₹5,443.41 crore (US$810 million) (2016) Stock price KARURVYSYA (NSE) ₹ 98.20 +0.45 (+0.46%)10 Mar, 3:30 PM IST - Disclaimer Founders M. A. Venkatarama Chettiar, Athi Krishna Chettiar | ||
President addresses centenary celebration of karur vysya bank
Karur Vysya Bank (Tamil) கருர் வைஸ்யா வங்கி is a private-sector Indian bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.It is one of the largest old generation private banks in India and also one of the largest in Tamil Nadu providing Internet Banking and Mobile Banking facilities to its customers. The bank is known for its cash deposit machines (CDM) a major technology initiative taken only by few banks in India.This bank is also an excellent paymaster amongst all private sector banks.The bank has been paying an ex-gratia each year to all employees for several years.
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Mr k venkataraman managing director ceo the karur vysya bank ltd
History
'The Karur Vysya Bank Limited', popularly known as KVB was set up on 25th of July 1916 by Mr M.A Venkatarama Chettiar and Mr Athi Krishna Chettiar, to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu. Origins:
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
Branch and ATM Network
It has 705 branches and network of 1669 ATM's and around 360 cash deposit machines as on JAN 1 2017.KVB total business till June 2016 was around 92000 crores.