Karur Vysya Bank

The Karur Vysya Bank Limited

Company type	Public
Traded as	BSE: 590003 NSE: KARURVYSYA
Industry	Banking Financial services
Founded	1916
Headquarters	Karur, Tamil Nadu
Key people	Dr Meena Hemchandra (Chairperson) Mr. Ramesh Babu (MD & CEO)
Products	Consumer banking, Corporate banking, Finance and Insurance, Investment banking, Mortgage loans, Private banking, Wealth management, Credit cards
Revenue	₹5,443.41 crore (US$680 million) (2016)[1]
Operating income	₹1,235.42 crore (US$150 million) (2016)[1]
Net income	₹567.63 crore (US$71 million) (2016)[1]
Total assets	₹57,663.72 crore (US$7.2 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, headquartered in Karur in Tamil Nadu, India.^[2] It was founded in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. The bank primarily operates in the treasury, corporate/wholesale banking, and retail banking segments.

KVB provides services such as personal, corporate, and agricultural banking and services to NRIs and SMBs. The bank had approximately 800 branches and 1,650 ATMs as of 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.^[3]

History

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. The bank later expanded out of Karur in search of additional business opportunities and established a presence across India.

The bank celebrated its centenary on 10 September 2016 at Chennai with the then-President of India Shri. Pranab Mukherjee as the guest of honor.

See also

• Banking in India
• List of banks in India
• Reserve Bank of India
• Indian Financial System Code
• List of largest banks
• List of companies of India
• Make in India

References

External links

Institutes

Central bank
Think tanks	BBB BCSBI NPCI IBA IDRBT
Speciality banks	IIBI IFCI All India Financial Institutions : Exim Bank of India NABARD NaBFID NHB SIDBI
Other	BIFR IBBI IBPS Deposit Insurance (DICGC)

Public-sector
banksPrivate-sector
banksForeign banks

Wholly owned subsidiary (WOS)	DBS Bank State Bank of Mauritius
Wound up/closed (or in process)	ABN AMRO (reopening plans as WOS) Antwerp Diamond Bank Citibank (retail bank sold to Axis Bank) Rabobank (announced) RBS (ending closure)

Small finance banksPayments banks

Surrendered licencees	Sun Pharmaceuticals Tech Mahindra
Wound up	Aditya Birla Vodafone m-pesa

Cooperative
banksRegional Rural
Banks

Andhra	Andhra Pradesh Grameena Vikas Bank Andhra Pragathi Grameena Bank
Kerala	Kerala Gramin Bank North Malabar Gramin Bank South Malabar Gramin Bank
Uttar Pradesh	Allahabad UP Gramin Bank Gramin Bank of Aryavart Sarva UP Gramin Bank

Defunct banks

Merged	PSB New Bank of India Dena Bank Vijaya Bank Allahabad Bank Andhra Bank Corporation Bank Oriental Bank of Commerce United Bank of India Syndicate Bank SBI Bank of Bombay Bank of Calcutta Bank of Madras Imperial Bank of India State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Saurashtra State Bank of Travancore Bharatiya Mahila Bank Rescued Global Trust Bank (OBC) Lakshmi Vilas Bank (DBS) Nedungadi Bank (PNB) United Western Bank (IDBI) United Industrial Bank (Allahabad Bank) Punjab and Maharashtra Co-operative Bank (Unity SFB) Acquired Bank of Madura Bank of Rajasthan Bengal Central Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Grindlays Bank National Bank of India ING Vysya Bank Mercantile Bank of India, London and China Lord Krishna Bank Times Bank PSB Bharat Overseas Bank Pandyan Bank
Wound up	Bank of Chettinad Dass Bank Industrial Investment Bank of India
Failed	Alliance Bank of Simla Arbuthnot & Co Commercial Bank of India Exchange Bank of India & Africa (New) Oriental Bank Corporation Oudh Commercial Bank Madhavpura Mercantile Cooperative Bank
Liquidated	Bengal Bank (1784) Bank of Bombay (1720) Bank of Hindostan General Bank of India General Bank of Bengal and Bihar Nath Bank Palai Central Bank The Commercial Bank (1819) The Calcutta Bank (1824) The Union Bank (1828) The Government Savings Bank (1833) The Bank of Mirzapore (1835) Travancore National and Quilon Bank

Networks

Interbank networks	Cirrus NFS PLUS
ATM networks	BANCS Cashnet CashTree MITR

CardsOnline transfersPayment service
providers

Digital wallets	Amazon Pay BharatPe Freecharge Google Pay Mobikwik Oxigen Services Payoneer PayU CitrusPay LazyPay Payworld PhonePe

Related topics

Protocol and codes	Bharat Bill Payment System (BBPS) Indian Financial System Code (IFSC) National Unified USSD Platform (NUUP) Structured Financial Messaging System (SFMS)
Rates and ratios	Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR Mumbai Interbank Forward Offer Rate - MIFOR Statutory Liquidity Ratio - SLR Cash Reserve Ratio - CRR
Regulators	Insurance - IRDAI Banking - RBI Securities - SEBI Bankruptcy - IBBI
Insolvency, bankruptcy and reconstruction	Boards BIFR IBBI CERSAI Legislation IBC SARFESI Act Companies ARCIL Edelweiss ARC IAMCL
Legislation	Banking Regulation Act, 1949 Government Securities Act, 2006 IBC, 2016 NaBFID, 2021 RBI Act, 1934 SARFESI Act, 2002 Income-tax Act, 1961 Companies Act, 2013 Insurance Act, 1938 FEMA, 1999
Tribunals	Company Law - NCLT Appellate - NCLAT
Measures	Prompt Corrective Action
Other	Institute of Banking Personnel Selection Mumbai Consensus