Commercial banking in India could boast of a history of about 200 years. Though one could trace the history of banking from the 19th century, the beginning of last century saw the birth of many banks in certain parts of the country set up by people with vision and national spirit.
The Karur Vysya Bank Limited popularly known as KVB was such one to be set up in 1916 by two great visionaries and illustrious sons of Karur, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to inculcate savings habit and to provide financial assistance to traders and small agriculturists in and around Karur, a textile town in Tamil Nadu.
Though the Bank had a very humble beginning with Rs.1 lakh Capital, the Bank had borne myriad changes and challenges in the past decades so fruitfully and profitably to emerge as one of the leading banks in India with strong and healthy fundamentals.
The Bank is professionally managed and guided by the Board of Directors drawn from different fields with vision, experience, knowledge and business acumen.
Though it had inherited a regional flavour to start with, it has now spread its wings far wide with over 285 branches in 13 States and 2 Union Territories. The Bank has been conducting its affairs with meticulous care to be in conformance with all prudential norms and exacting statutory regulations.
KVB is one of the early banks to adhere to the norm of Capital Adequacy Ratio stipulated by RBI right from its introduction. The Bank has been maintaining a healthy Capital Adequacy Ratio of over 15% as against the mandatory norm of 9% prescribed by the RBI, which will take care of future asset growth.
