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Karur Vysya Bank news

Karur Vysya Bank to open two new branches

New Delhi: Tamil Nadu-based commercial bank Karur Vysya Bank (KVB) is set to open its two new Branches, said in its BSE filing on Monday. These two branches will be inaugurating in alternative days, the following branches: The first is Perumbakkam located at Plot No.B, New Survey No.370/2A&
Posted Date : 19-03-24

Karur Vysya Bank inaugurated 3 new branches

Chennai: Karur Vysya Bank inaugurated three new branches - two in Tamil Nadu and one in Andhra Pradesh on 31st January 2024. With this, the total branch network of the Bank increased to 834. MATHUR, Chennai, Tamil Nadu (834th branch) inaugurated by Dr. B. Purushothaman, M.A., B.L, M.Sc, B.Ed,
Posted Date : 02-02-24

Karur Vysya Bank announces Financial Results for quarter and nine months ended Dec 2023

Highlights: The Bank had crossed historical milestone of total assets of Rs 1 Trillion (Rs 1,00,000 cr) Total Business up by 14.74% YOY and 3.15% for the quarter. Deposits up by 12.82% YOY and 3.12% for the quarter. Loan Book grew at 17.09% YOY and 3.19% for the quarter. CASA up by 4.7
Posted Date : 22-01-24

Karur Vysya Bank inaugurated 4 new branches

Chennai: Karur Vysya Bank today inaugurated four new branches – two in Tamil Nadu and one each in Andhra Pradesh and Telangana. With this the total branch network of the Bank increased to 812. The new branches that were opened are Velliyanai, Karur, Tamil Nadu (809th Branch) i
Posted Date : 24-07-23

Q1 FY24: Karur Vysya Bank announces financial results

New Delhi: Karur Vysya Bank (‘the Bank’) announced its financial results for the Quarter that ended June 30, 2023 today. The Bank continues its healthy performance in terms of business growth, profitability as well as asset quality. BALANCE SHEET: Balance sheet size as of June 3
Posted Date : 17-07-23

Karur Vysya Bank extends CSR support to integrated Geriatric & Palliative care facility

Chennai: Karur Vysya Bank has extended support as a part of its CSR initiative to an integrated geriatric and palliative care facility at Visakhapatnam. A sum of Rs. 1.60 crores has been sanctioned to Sneha Sandhiya Age Care Foundation towards the construction of a block to care for the elderl
Posted Date : 28-06-23

Karur Vysya Bank announced financial Q4 results of FY 2022-23

Highlights: Total Business up by 12.3% YOY and 2.0% QOQ. Deposits up by 11.9% and 1.0% QOQ. Loan Book grew at 16% YOY before technical write off CASA grew 6.5% YOY, CASA ratio stood at 33.2%. PPOP up by 51.9% YOY, 67.6% QOQ. NIM at 4.2%, up by 46 bps YOY and 4
Posted Date : 15-05-23

Karur Vysya Bank provides battery operated pushcarts under CSR

Chennai: Karur Vysya Bank has donated 33 battery operated pushcarts to women from underprivileged sections to market the ice cream and other dairy products of Aavin. Valued at Rs. 40.00 lakhs, this is a CSR initiative of the bank to provide employment opportunities to the women. The bene
Posted Date : 21-04-23

Karur Vysya Bank donates electric vehicles and RO plants to SVIMS

NEW DELHI- Karur Vysya Bank has donated five electric vehicles and three RO water plants to the Sri Venkateswara Institute of Medical Sciences, Tirupati. The total cost of the project is Rs. 70.73 lakhs and is funded by the Bank as part of its CSR initiatives under environmental sustainability and s
Posted Date : 19-04-23

Karur Vysya Bank ties up with SBI Life Insurance

NEW DELHI- Karur Vysya Bank has entered into an arrangement with SBI Life Insurance to market their insurance schemes through the branches of the Bank. The agreement was signed at Chennai recently. Karur Vysya Bank is a major player in the South with strong presence in Urban, semi-urban and
Posted Date : 03-04-23

Karur Vysya Bank Q3 results for FY 2022-23

Total Business up by 13.4% YOY and 3% QOQ Deposits up by 13.9%. and 3% QOQ Loan Book grew at 16% YOY and sequentially by 3%, without considering technical write off. CASA grew 6.9% YOY, CASA ratio stood at 33.9%. PPOP up by 46.1% YOY, 72% QOQ. NIM at 4.32%, up by 64 b
Posted Date : 23-01-23

Karur Vysya Bank provides battery operated electric vehicles to TTD

Chennai: Karur Vysya Bank today dedicated five numbers of 8 seater battery operated electric vehicles in the service of Lord Venkateswara as part of its CSR initiatives – Environmental Sustainability. The vehicles are meant to transport devotees within the Tirumala complex. The cost of th
Posted Date : 15-09-22

Customers can now remit their GST through Karur Vysya Bank

Chennai: Customers of Karur Vysya Bank can now remit their GST payments through the Bank. KVB has been authorized as one of the Banks that can accept GST remittances. GST payments can be made through the Internet Banking facility of KVB as well as over the counter modes. KVB
Posted Date : 12-08-22

Karur Vysya Bank Q1 FY'23: Net profit grew by 110% at Rs. 229 cr

Chennai: Karur Vysya Bank announced its Q1 FY 2022-23 results today. The Bank has delivered a strong performance in terms of business growth, which has grown 12% YoY as well as a commendable 110% growth in Net Profit. Reduction in NPA, improved credit off-take, and stable NIM has resulted in im
Posted Date : 25-07-22

Karur Vysya Bank Q4 & FY results for 21-22

Highlights of business performance for the year ended 31.03.2022 Total business as on 31st March 2022 stands at Rs. 1,26,226 crore, registering a Y-o-Y growth of 8.72% i.e. Rs.1,26,226 crore from Rs. 1,16,098 crore as on 31.03.2021. Sequentially too, growth continues and was Rs. 3,562 crore
Posted Date : 20-05-22

Karur Vysya Bank wins 2 MSME awards

New Delhi: Karur Vysya Bank has been conferred with two prestigious awards for its performance in the area of MSME lending. The Chamber of Indian Micro Small and Medium Enterprises, New Delhi recognized Karur Vysya Bank as the Best MSME Friendly Bank (Private Sector) - Runner up and Best Innova
Posted Date : 04-05-22

Karur Vysya Bank opened a new branch in Kothavalasa

Visakhapatnam: Karur Vysya Bank opened a new branch in Kothavalasa, today. This is the 790th Branch of the Bank. This branch offers a comprehensive range of banking services like Savings, Current & Deposit accounts, Retail and Commercial Loans, locker etc., The newly inaugur
Posted Date : 02-05-22

Karur Vysya Bank's Total Business crosses Rs. 1,25,000 crores

Chennai- Karur Vysya Bank announced today as the bank crossed the milestone business figure of Rs. 1,25,000 crores. Total business constitutes the total deposits and advances of the Bank. While the total deposits of the bank stood at Rs. 68,676 cr. as on 31.03.2022, the total advances wa
Posted Date : 05-04-22

Karur Vysya Bank opened 5 new Branches

Chennai: Karur Vysya Bank announced the inauguration of its 5 new branches in Andhra Pradesh, Telangana & Tamil Nadu. These new branches will offer a comprehensive range of banking services like accounts, deposits and loans including savings and current accounts etc., With this, t
Posted Date : 16-02-22

Karur Vysya Bank customers can now remit their customs duty online

New Delhi: Customers of KVB can now remit their customs duty payment online through the ‘ICEGATE’ portal of the Central Board for Indirect Taxes and Customs (CBIC). CBIC had earlier approved the inclusion of the Bank as one of the authorized bankers for the collection of taxes.&nbs
Posted Date : 11-01-22