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	₹9,862.62 crore (US$1.2 billion) (2024)
Operating income	₹2,829.14 crore (US$340 million) (2024)
Net income	₹1,604.80 crore (US$190 million) (2024)
Total assets	₹105,585.20 crore (US$13 billion) (2024)
Number of employees	9,085 (2024)
Capital ratio	16.67%
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 831 branches and 1,650 ATMs as of 30 September 2023.^[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.