| Type | Public (BSE: 590003) |
|---|---|
| Industry | Banking Financial services |
| Founded | 1916 |
| Headquarters | Karur, India |
| Key people | K.P. Kumar (Chairman) Shri K. Venkataraman (MD & CEO) |
| Products | Investment Banking Commercial Banking Retail Banking Private Banking Asset Management Mortgages Credit Cards |
| Revenue | 47,337 crore (US$8.99 billion)(H1 2011-2012) |
| Operating income | 322.93 crore (US$61.36 million) (H1 2011-2012) |
| Net income | 230.01 crore (US$43.7 million)(H1 2011-2012) |
| Employees | 4,400 (2010)[1] |
| Website | kvb.co.in |
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.
Karur Vysya Bank has opened FIFTEEN new branches during the month of December 2011 to take the total branch network of the bank to 433.The total number of ATMs of the bank is now at 705
All the branches are powered with CBS — Core Banking Solution. The bank also offers Internet banking and mobile banking facilities to its customers.
Technological accomplishments
KVB is one of the earliest banks in the country to achieve full networking of its branches under Core Banking Solutions, offering services through multiple delivery channels. Some of the noteworthy accomplishments of KVB are:
Any Branch Banking Multicity Account facilities for both current and savings bank customers. Internet Banking On line utility bill payments and shopping facilities On line payment of electricity bill in Tamilnadu through Net Banking e-commerce facilities backed with the safety of Verified by VISA Mobile Banking Point of sale machines Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities at all branches VISA Debit card facility with a card base of over 2 million On-line rail and air ticket booking using KVB VISA Debit card VISA enabled Gift and Travel Card Access to nearly 700 KVB ATMs and over 13000 domestic ATMs under the VISA / NFS cluster and over 1 million VISA ATMs worldwide Card to Card and Card to account transfer of funds through KVB ATMs Payment of institutional fees through ATMs Payment for air tickets (Kingfisher) through KVB ATMs 24 X 7 toll free professional help desk services for all ATM, Internet Banking, Mobile Banking and e-commerce transactions
Future outlook
The bank has in place robust risk management systems and adheres to the tenets of Corporate Governance. The bank is well-equipped to boldly take up the challenges in the industry and emerge as a top-notch one-stop-shop techie financial supermarket. KVB will continue its endeavours to bring the best of products and services to its customers to emerge as the techie bank that provides the gateway to Smart Way to bank.
For more information about the bank, its products and also to record your feedback, please log on to www.kvb.co.in
This is one of the best banks in India for youngsters who want to pursue a career in banking.Apart from a pressure free working environment,there is an immense potential to grow. Unlike other private sector banks,this bank provides salary at par with all other public sector/nationalized banks.Also. there is an ex-gratia payment made every year to all employees to the tune of Rs. 40,000 per year.