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Karur Vysya Bank

Welcome to Karur Vysya Bank – the bank that carries with it a tradition of 103 years and yet is young enough to adapt itself to the rapidly changing scenario in the banking industry.

Welcome to Karur Vysya Bank – the bank that carries with it a tradition of 103 years and yet is young enough to adapt itself to the rapidly changing scenario in the banking industry.
 
OUR VISION
DELIGHT THE CUSTOMERS CONTINUALLY BY BLENDING TRADITION WITH TECHNOLOGY TO DELIVER INNOVATIVE PRODUCTS AND SERVICES AT AFFORDABLE RATES THROUGH A PAN INDIA BRANCH NETWORK
 
Origin
Karur Vysya Bank was started in the year 1916 in Karur, then a small textile town with a vast agricultural background, by two illustrious sons of the soil – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. What started as a venture with a seed capital of Rs. 1.20 lakh has grown into a leading financial institution that offers a gamut of financial services, under one roof, to millions of its customers.
 
Financial landmarks of the bank as on 31.03.2020
Total business of the bank was at Rs. 107591 cr. with total deposits at Rs. 59075 cr and total advances at Rs. 48516 cr.
The Net Profit for FY18-19 was Rs. 235 cr.
The net owned funds of the bank are Rs. 6600 cr.
The Basel III CRAR was at 17.17% with CET1 of 15.27%
The Net NPA was at 3.92%.
The bank has been earning profits since inception and has been declaring dividend uninterruptedly.
The bank has declared 100% or more dividends since 2003-04. Between 2007-08 and 2010-11, the dividend was 120%. While for 2011-12, 2012-13 and 2015-16, dividend was 140%, 130% dividend was declared for 2013-14, 2014-15 and 2016-17. For the year 2018-19, dividend declared was at 30%.

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