Bank Profile
A PROFILE
(As at 30.09.2011))
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
Welcome to Karur Vysya Bank – the bank that carries with it a tradition of 95 years and yet is young enough to adapt itself to the rapidly changing scenario in the banking industry.
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. 1.00 lakh has grown into a leading financial institution that offers the wide gamut of financial services to millions of its customers under one roof.
- Total business of the bank was at Rs.47337 cr. with total deposits at Rs.27121 cr. and total advances at Rs.20216 cr. as on 30.09.2011. KVB is the first Tamilnadu based private sector bank to cross the milestone figure of Rs. 47000 cr. total business.
- The net profit of the bank for H 1 of fiscal 2011-12 was Rs. 230.01 cr.
- The net owned funds of the bank are over Rs.2370 cr.
- The bank has a Capital Adequacy Raito of 14.02% (Basel II) as against the RBI stipulated norm of 9%.
- The bank has one of the lowest net NPA ratios in the country @ 0.29% with the Coverage ratio at 80.48% as against the regulatory stipulated level of 70%.
- The bank has been earning profits since inception and has been declaring dividend uninterruptedly.
- The bank has declared 100% dividend since 2003-04. Since 2007-08, the dividend is 120%.
(Rs. In crores)
| Particulars | 2008 - 09 | 2009-10 | 2010-11 |
| Deposits | 15101.39 | 19271.85 | 24721.85 |
| Advances | 10562.90 | 13675.00 | 18052.41 |
| Net Profit | 235.84 | 336.03 | 415.59 |
| Capital Funds | 1350.16 | 1619.98 | 2136.98 |
| Capital Adequacy | 14.92% | 14.49% | 14.41% |
| Net NPA | 0.25% | 0.23% | 0.07% |
The bank had a branch network of 403 and an ATM network of 605 as on 30.09.2011. The bank plans to improve the branch network to 450 by the end of the financial year 2011 -12. (For latest number of branches and ATMs, please refer to "KVB improves its network" under Latest News in the Home Page).
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 and MasterCard 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 over 600 KVB ATMs and over 13000 domestic ATMs 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
- KVB offers several deposit and loan products, tailormade to cater to the specific needs of customers
- The bank offers NRE / FCNR deposits and remittance services to NRIs
- The bank offers all types of general insurance policies through a tie-up with M/s Bajaj Allianz General Insurance Company
- The bank offers life insurance policies through a tie-up with M/s Birla Sun Life Insurance Company
- The Bank distributes the Mutual Fund products of UTI, SBI MF, Reliance MF, Sundaram BNP Paribas MF, Birla Sunlife MF, Franklin Templeton MF and LIC MF
- The Bank is a Depository Participant through NSDL and opens demat accounts
- ASBA facility available
- Off-line and on-line trading facility is available to the demat customers enabled through a tie-up with M/s Religare Securities Ltd and M/s IDBI Caps respectively
- KVB is one of the authorized banks to open accounts under the New Pension Scheme.
- KVB POS terminal facility is available at merchant establishments.
- KVB sells pure 24 carat Assay certified Gold Coins and bars and silver coins and bars.
- CNBC-TV18 Best Banks & Financial Institutions Award, 2011 by CNBC-TV 18 – MCX – Best Old Private Sector Bank
- Business World – Price Waterhouse Coopers Best Bank Awards, 2011 - Best Small Bank & The Fastest Growing Small Bank -2011
- Financial Express India’s Best Bank Award, 2011 – Best Old Private Sector Bank – Runner up
- FIBAC Best Bank Award, 2011 by FICCI - IBA – Best Cost Efficient Bank Private Sector Bank
- Business Today – KPMG Best bank Awards, 2011 – Best Mid-sized Bank in Asset Quality & Best Mid-sized Bank – Runner up.
- IDRBT Banking Technology Excellence Award, 2010-11 by Institute for Development and Research in Banking Technology, Hyderabad - Best Bank Award for Mobile Banking among Small Banks
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
Dr. Manmohan Singh on the occasion of KVB’s Platinum Jubilee celebrations in 1991, -“The performance of KVB in the matter of productivity is to be emulated by public sector banks.”
Sri P. Chidambaram during the 80th Anniversary celebrations of KVB in 1996 - “KVB is to be congratulated for its standing as one of the leading Banks in the private sector. KVB is one of the safest banks.”
Dr. C. Rangarajan, while inaugurating KVB Towers at Chennai in 2001 - “KVB can be regarded as a fine example of how a medium sized bank can effectively play its part in promoting the regional development and attending to the needs of small and medium entrepreneurs.”
Dr. A P J Abdul Kalam, Chief Guest at the Founders’ Day celebration in 2007 - “I would like to quote Mahatma Gandhi who had said “The difference between what we do and what we are capable of doing would suffice to solve more of world’s problems.” This has been proved by the Karur Vysya Bank by rising to the occasion, facing challenges and coming out gloriously from every situation.”
Smt. Sheila Dikshit, Chief Guest at the Founders’ Day Celebrations in 2008 – “KVB being a small bank is not only a beautiful bank but also a special bank. The bank has maintained its standards over the years, helping various types of entrepreneurs – big, small and micro and thereby created a niche for itself amongst the customers.”
Sri S.S. Tarapore, Economist, Chief Guest at the Founders’ Day Celebrations in 2010 – “I salute the Founders for their vision and spirit of service which led to the setting up of the bank as also succeeding generations of the bank leadership who upheld the basic values instilled by the Founding Fathers and made this bank a role model for others to emulate.”
Sri K. Rosaiah, H.E. the Governor of Tamil nadu at the Founders’ Day Celebrations in 2011 – “Karur Vysya Bank is a doyen in the banking sector built on the edifice of trust, faith and efficient and quick service. Efficient functioning of the bank and sustained efforts of each and every officer and staff has placed the bank in a high pedestal in the banking sector. Services of Karur Vysya Bank are appreciated by the customers and that is the real strength of the bank.”