Bank Profile
Welcome to Karur Vysya Bank – the bank that carries with it a tradition of 108 years and yet is young enough to adapt itself to the rapidly changing scenario in the banking industry.
Our beginnings
Shri M A Venkatarama Chettiar
The year was 1916 when two illustrious sons of Karur, Shri M.A. Venkatarama Chettiar and Shri Athi Krishna Chettiar envisioned starting a bank. Back then, Karur was a small town with a predominantly agricultural background. What began with a modest capital of Rs. 1 lakh has today grown to become a leading financial institution, offering a broad spectrum of financial services to millions of customers across India.
Shri Athi Krishna Chettiar
Our founders' foresight and their principles of integrity, customer-centricity, and community empowerment shaped our journey over the century. Their dedication to innovation and customer service continues to propel us forward as we honour their legacy and embrace a future defined by excellence.
A journey rooted in values and driven by vision
Karur Vysya Bank (KVB) is one of India's leading private sector banks headquartered in Karur, Tamil Nadu. With a rich heritage of over a century, KVB consistently strives to provide innovative banking solutions to its customers. KVB operates with a vast network of 840 branches and 2,270+ ATMs and cash recyclers.
The bank has adopted technology with best-in-class Internet Banking and Mobile Banking services. KVB DLite, the Mobile Banking app of the bank offers the convenience of financial and non-financial services and provides a simple and secure way to manage your banking on the go.
The bank continues to grow with its strong financials. The bank’s total business was INR 1,63,536 crores as of 31st March 2024 with a deposit base of INR 89,113 crores and advances at INR 74,423 crores. The bank had posted its highest-ever net profit of INR 1,605 crores during the financial year 2023-24. The net NPA of the bank was at 0.40%.
KVB is committed to delivering exceptional banking experience to its customers by leveraging technology to offer a wide range of financial products that can be easily accessed through both physical and digital channels.
Here’s a quick overview of KVB’s performance over the past 3 financial years
| Particulars | 2020-21 | 2022-23 | 2023-24 |
|---|---|---|---|
| Deposits | 68,676 | 76,638 | 89,113 |
| Advances | 57,550 | 64,168 | 74,423 |
| Net Profit | 673 | 1,106 | 1,605 |
| Particulars | 2020-21 | 2022-23 | 2023-24 |
|---|---|---|---|
| Owned Funds | 7,596 | 8,584 | 10,040 |
| Capital Adequacy | 19.21% | 18.56% | 16.67% |
| Net NPA | 2.28% | 0.74% | 0.40% |
Vision
To be the preferred choice of stakeholders and deliver value by blending technology with tradition.
Mission
To provide a superior banking experience by using technology to deliver an entire gamut of financial products under one roof, easily available to customers across physical and digital channels.
Our milestones and achievements
Board of directors Leaders of growth
Dr. Meena Hemchandra
Non-Executive Independent (part-time) Chairperson
Shri B Ramesh Babu
Managing Director and Chief Executive Officer
Shri R Ramkumar
Non-Executive Non-Independent Director
Shri K G Mohan
Non-Executive Independent Director
Dr. R Harshavardhan
Non-Executive Independent Director
Shri Murali Ramaswami
Non-Executive Independent Director
C A Dr. Chinnasamy Ganesan
Non-Executive Independent Director
Shri R Vidhya Shankar
Non-Executive Independent Director
Smt. Srimathy Sridhar
Non-Executive Independent Director
Shri J Natarajan
Executive Director
Shri Sankar Balabhadrapatruni
Executive Director
Our product portfolio A universe of financial solutions
At KVB, we are cognizant of the unique financial aspirations of our diverse clientele. We deliver a compelling value proposition through a comprehensive suite of best-in-class products and services, continuously enhanced by cutting-edge digital tools and data-driven analytics.
We ensure a seamless customer experience across all touchpoints, fostering long-term trust and empowering financial success. This approach empowers us to gauge evolving financial needs and continuously develop innovative solutions.
Key offerings (Retail Loans)
- Housing Loans
- Personal Loans
- Mortgage Loans
- Four-wheeler Loans
- Two-wheeler Loans
- Gold Loans
- Deposit Loans
- Education Loans
Key offerings (Liabilities)
- Credit Cards
- Current Account
- Savings Bank Account
- Recurring Deposits
- Term Deposits
- NRI Deposits
- 3-in-1 Account with Banking, Demat, and Trading Services
- FASTag
- Life, Health, and General Insurance through Partners
- Mutual Fund Products through Partner Tie-Ups
- Sovereign Gold Bonds
- Gift and Prepaid Cards
- Multi-Currency Travel Cards
- Locker Facilities
Key offerings (Commercial)
A. Fund-based facilities:
- Consumer Banking Department (CBD)
- Working Capital Finance up to Rs. 100 Lakh (based on GST, without audited financial statements)
- MSME Project Loans
- Export Credit Finance
- Machinery Loans
- Mortgage Loans
- Rent Fin Loans
- Commercial Real Estate (CRE) Loans
- Corporate Credit Card
- Bill Discounting
- Commercial Gold Loans
- Commercial Flexi Mobile Vehicle Loans
- Transaction Banking Group:
- Supply Chain Finance - Dealer Finance, Vendor Finance, TReDS, Factoring
- Cash Management Service - API, VA, Collections & Payment Services
B. Non-fund-based facilities:
- Bank Guarantees
- Letters of Credit (ILC/FLC)
Key offerings (Agriculture)
Agriculture Loans
- Crop Loans
- Dairy Loans
- Fishery Loans
- Poultry Loans
- Horticulture Loans
- Warehouse Receipt Loans
- Agri Infrastructure Loans
- FPO Loans
- Joint Liability Group Loans
- Gold Loans
Key offerings (Corporate and Institutional)
- Working Capital Finance
- Term Loans
- Specialised Corporate Finance Products
- Liquidity Management Solutions
Making a presence
KVB has a pan India presence with a strong presence even in semi-urban and rural locations, with an extensive network of branches, ATMs & Cash Recyclers. Our strategic locations in these key markets anchor our operations and support our nationwide reach. We prioritise accessibility and convenience, ensuring our branches, ATMs, and cash recyclers serve as vital touchpoints for seamless transactions and personalised assistance to our valued customers.
In order to enhance processing efficiency and ensure quick turnaround times in the MSME sector, we operate 16 business banking units and 9 corporate banking units. As we continue to expand, we remain committed to upholding our values of integrity, customer-centricity, and innovation.
Fueling growth through innovation
Forever acknowledged for providing best-in-class services, KVB has been an early adopter of technology. Our digital underwriting processes ensure faster sanction of loans. Incidentally, KVB is also the first bank to implement end-to-end digital lending.
On the retail banking front, our KVB DLite Mobile Banking app (Android + iOS) helps customers enjoy a convenient, simple, and secure experience, covering over 150 services and helping them manage their finances on the go at ease.
Internet Banking
DLite Mobile Banking App (Android + iOS)
Digitisation of
- NTB & ETB Savings Accounts
- Current Accounts through Assisted Mode
- Deposits Opening through Branch Channel/via
- Self-Service TD Module in DLite App
Pre-approved Loan Products on Digital Channels
- Buy Now Pay Later - Amazon India App
- 2-Minute Personal Loan on DLite App
- Pre-Approved Credit Cards on DLite App
Cards
- Credit Cards
- Debit Cards
- Gift Cards
- Forex Travel Cards
- Reloadable Cards
Digital Payment Systems
- Bharat QR (BQR)
- Bharat Bill Payment System (BBPS)
- BHIM AADHAAR PAY
- Aadhaar-enabled Payment System (AePS)
- Point of Sale Machines
- FASTag
Accolades
KVB has been the recipient of numerous prestigious awards in the banking sector. This is a true testament to our excellence in banking innovation, customer service, and financial performance. These accolades underscore our commitment to setting benchmarks in the industry and enhancing customer satisfaction through innovative solutions and superior service delivery.
Best Bank in the Small Bank Category
Business Today Best Banks Awards 2024
APAC BFSI
Innovation Banking Frontiers
Best Innovative Bank (Private Sector)
Chamber of Indian Micro Small & Medium Enterprises - Runner-Up
India BFSI Awards - 2022
Digital Bank Governance Now
Innovation New Initiatives
(Infrastructure Management) UBS Forums
CIO of the Year
UBS Forums
The Best Technology Bank of the Year
IBA Awards - Winner
The Best Fintech Collaboration
IBA Awards - Runner-Up
The Best AI ML Adoption
IBA Awards - Special Prize
The Best Digital Financial Inclusion
IBA Awards - Special Prize
Best Bank for Promoting Social Schemes
Chamber of Indian Micro Small & Medium Enterprises
Best Digital Customer Experience Initiative of the Year
Financial Conclave 2023 & Excellence Award ASSOCHAM
Product Quality Management
Dun & Bradstreet ESG Leadership Summit 2023
Best SME Lending
ASSOCHAM - Runner-Up
Best MSME Friendly Bank (Private Sector) - 2021
Chamber of Indian Micro Small & Medium Enterprises - Runner-Up
We have received 30 prestigious awards in technology, reflecting our commitment to innovation and excellence.
Future outlook
With a robust risk management system, KVB strictly adheres to the core principles of corporate governance. Equipped to tackle industry challenges, KVB aims to be a leading provider of comprehensive, technology-driven financial solutions.
With a positive outlook on the future, KVB will continue to offer top-notch products and services, positioning itself as the leading tech-driven bank that provides a smart way to bank.
Great minds about KVB
Dr. Manmohan Singh
Union Finance Minister (on date) KVB’s Platinum Jubilee Celebrations 1991
"The performance of KVB in the matter of productivity is to be emulated by public sector banks."
Dr. A.P.J. Abdul Kalam
Hon. President of India (on date) Chief Guest at the Founders’ Day Celebration, 2007
"I would like to quote Mahatma Gandhi who said, 'The difference between what we do and what we are capable of doing would suffice to solve more of the 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."
Shri Pranab Mukherjee
Hon’ble President of India (on date) Chief Guest at the Centenary Celebrations, 2016
"Completion of 100 years is a milestone not only in the life of an individual but also in the life of an institution. It provides an opportunity to reflect on our journey, our current position, and our future destination. I congratulate KVB on its centenary and express my appreciation for the two visionaries who established this institution 100 years ago."
Dr. C. Rangarajan
Chairman of the Twelfth Finance Commission of India (on date) During inauguration of KVB Towers in Chennai, 2001
"KVB can be regarded as a fine example of how a medium-sized bank can effectively promote regional development and attend to the needs of small and medium entrepreneurs."
H.E. Sri K. Rosaiah
Governor of Tamil Nadu (on date) At the Founders’ Day Celebrations, 2011
"Karur Vysya Bank is a doyen in the banking sector, built on trust, faith, and efficient service. The bank’s efficient functioning and the sustained efforts of every officer and staff have placed it on a high pedestal in the banking sector. The services of Karur Vysya Bank are appreciated by its customers, which is the real strength of the bank."
Smt. Sheila Dikshit
Chief Minister of Delhi (on date) Chief Guest at the Founder’s Day Celebrations, 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."
Hon'ble Justice C. Nagappan
Judge, Supreme Court of India, New Delhi (on date) Chief Guest at Founder’s Day Celebrations, 2013
"KVB has grown phenomenally in all aspects of banking, securing a prominent position in the banking industry and has made it easy for customers to access its services across pan India. I must say that the NPA level of the Bank is less than 1%, which is very meagre. This could be only because of the customers."
Shri E.S.L. Narasimhan
H.E. the Governor of Andhra Pradesh (on date) At the Founder’s Day Celebrations, 2012
"A bank customer looks for confidence. What we look at is whether our deposits are safe, whether the bank is dependable, and what is the state of NPAs. I must say that banks like KVB, whose NPA is almost nil, inspire confidence among the public."
Smt. Anandiben Patel
Hon'ble Chief Minister of Gujarat (on date) Chief Guest at the Founder’s Day Celebrations, 2014
"Nurturing an organisation for 100 years without any kind of hindrance is a big task. There are very few banks that have performed this task successfully, and Karur Vysya Bank is one of them. I congratulate all of you on this success."
Shri CH. Vidyasagar Rao
Hon'ble Governor of Maharashtra and Tamil Nadu (on date) Guest of Honour at the Centenary Celebrations, 2016
"The Bank has stood for 100 years, overcoming all the turbulences right from the pre-independence era to the post-independence period, from a protected economy to a free market economy, and from the seller’s market to the buyer’s market. It is a testimony to its fundamental strength, trust, and efficiency."
Shri G.M. Rao
Group Chairman, GMR Group of Companies At the Commencement of Centenary Celebrations, 2015
"During the last century, KVB has surmounted several challenges with the determination to forge ahead, setting an example for tomorrow. The Bank’s growth is based on its vision, passion, values, and good governance, and by putting the institution before individuals."
