Karur Vysya Bank Limited

About Karur Vysya Limited

Karur Vysya Bank Limited, universally known as KVB has made a mark in commercial banking arena right from 1916 when it was set up by two great visionaries and famous sons of Karur, Late M A Venkatarama Chettiar and Late Athi Krishna Chettiar. The main aim for setting up this bank was to instill the habit of savings and also for providing financial support to traders and small agriculturists in and around Karur (the textile town in Tamil Nadu). The journey for the bank started off with a meager capital of ` 1 lakh. But over the years, KVB has met all the market dynamics and challenges and created a strong base for itself.

Presence of Karur Vysya Bank

The Bank, in its initial days, bore a regional flavor in its transactions but slowly made a mark and expanded. At present, it has around 285 branches spanning 13 States and 2 Union Territories. The Bank has been prudential and has followed all the statutory regulations to make a mark in its area of operations. They have been maintaining a strong Capital Adequacy Ratio of more than 15% as against the compulsory rule of 9% set by the RBI. T his is sure to take care of the asset growth of the bank.

Financial highlights of the KVB

• Total business of KVB stood at ` 25664.29 cr., with total deposits of ` 15101.39 cr. and total advances of ` 10562.90 cr. as at 31.03.2009. It was the first
• Tamil Nadu based private sector bank to have crossed the ` 25000 cr. total business mark.


• The net owned funds of KVB stood at ` 1350.16 cr with healthy capitalization levels, with high share of Tier I capital at 96.53%. This indicates that they have strength on owned funds. The Tier II capital forms only a paltry part (3.47%), having provision for standard assets only.


• It has one of the lowest net NPA ratios in India @ 0.25%.
• Till date the bank has been only earning profits with no interruption in the declaration of dividend.
• The bank has declared 100% dividend since 2003-04. For 2005-06, 2007-08 and 2008-09, the company declared a dividend of 120%.

Snapshot of the Karur Vysya Bank's financial performance :

Particulars	2006-07	2007-08	2008-09
Deposits	9340.29	12549.99	15101.39
Advances	7040.48	9528.84	10562.90
Net Profit	160.01	208.33	235.84
Capital Funds	1063.16	1190.00	1350.16
Capital Adequacy	14.51%	12.58%	14.92%
Net NPA	0.23%	0.18%	0.25%

Branch and ATM network of Karur Vysya Bank

The bank has a branch network of 312 and an ATM network of 322. The bank plans to improve the branch network to over 350 by the end of 2009 -10.

Technological accomplishments of KVB

KVB became the forerunners in the banking sector to achieve full networking of its branches under Core Banking Solutions. They offer their services through multiple delivery channels.

Significant accomplishments of KVB

• Any Branch Banking
• Multicity Account services for both current and savings bank customers
• Internet Banking
• On line utility bill payments facility through Billdesk
• On line shopping facility via CCAvenues
• e-commerce facilities
• Mobile Banking
• VISA Debit card facility with a card base of over 1.50 million
• Access to over 320 KVB ATMs and over 13,000 domestic ATMs under the VISA / NFS / MITR /Axis bank cluster and over 1 million VISA ATMs globally
• Payment of institutional fees through ATMs
• Payment for air tickets (Kingfisher) through KVB ATMs
• Mobile top up facility at KVB ATMs

Banking and Para banking services

• KVB offers quite a few deposit and loan products, all customized to meet customer requirements
• All types of general insurance policies are offered by the bank by tying up with M/s Bajaj Allianz General Insurance Company
• The bank has tied up with M/s Birla Sun Life Insurance Company to provide different kinds of insurance policies
• Products of SBI MF, Reliance MF, Sundaram BNP Paribas MF, Birla Sunlife MF, Franklin Templeton MF and LIC MF are distributed by the bank

Contact details of Karur Vyasa Bank Limited

CHENNAI DIVISIONAL OFFICE

Chennai Divisional Office
KVB Towers
I Floor
568, Anna Salai
Teynampet,
Chennai - 600 018 (T.N.)
STD: 044 - 24314418, 24314421, 24347250
Website: www.kvb.co.in

ATM CELL
Basement Floor- 1
Uffizi Complex
338, Avinashi Road
Peelamedu
Coimbatore-641004
STD: 0422 - 2576671, 2576672

INTERNATIONAL DIVISION
KVB Towers
II Floor
568, Anna Salai
Teynampet, Chennai-600018 (T.N)
STD: 044 - 24314185, 24314186, 24314187

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