History
Origin
Commercial banking in India can boast of a history of about 200 years. Though one could trace the history of banking back to the 19th Century, the beginning of the last century saw the birth of many banks in India, set up by people with vision, commitment and national spirit.
One such Bank - Karur Vysya Bank - was set up in Karur 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 provide financial support to the traders and agriculturists in and around Karur, a textile town in Tamil Nadu.
Together they mopped up the initial capital of Rs. 1 Lakh to begin business on 1st July, 1916. Since then the bank has grown from strength to strength to emerge as one of the leading banks in the country. The bank is professionally managed by the Board of Directors who, with their vision, experience, knowledge and business acumen guide the bank.
The Bank has spread its wings across the country with 782 branches in 20 States and 3 Union Territories.
KVB has consistently maintained strong fundamentals, generating profits and rewarding its stakeholders with handsome dividends since inception. The Bank meticulously conforms to all the prudential norms and exacting statutory regulations.
To know more, check our bank profile.
