Bank Profile

Bank Profile
THE KARUR VYSYA BANK LIMITED
A PROFILE
(As at 31.03.2018)

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 101 years and yet is young enough to adapt itself to the rapidly changing scenario in the banking industry.

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. 1.00 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 31.03.2018:
  • Total business of the bank was at Rs. 102863 cr. with total deposits at Rs. 56890 cr and total advances at Rs. 45973 cr.
  • The Net Profit for FY17-18 was Rs. 346 cr.
  • The net owned funds of the bank are Rs. 6211.71 cr.
  • The capital adequacy ratio of the Bank stood at 14.43% (Basel III) which is well above the regulatory requirement of 9%.
  • The Net NPA was at 4.16%.
  • 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.

A snapshot of the Bank’s performance under various parameters for the past three financial years is as follows:

(Rs. in crore)

Particulars 2015-16 2016-17 2017-18
Deposits 50079 53700 56890
Advances 39476 41435 45973
Net Profit 567.63 605.98 345.67
Owned Funds 4572.95 4845.02 6211.71
Capital Adequacy 12.17% 12.54% 14.43%
Net NPA 0.55% 2.53% 4.16%

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Branch and ATM network:

The bank had a branch network of 790, an ATM network of 1798 and 532 Recycler / Cash Deposit Machines as on 31.03.2018.

Technological Accomplishments:

KVB is one of the earliest banks in the country to achieve full networking of its branches under Core Banking Solutions. The Bank has always been a frontrunner in adopting and leveraging on technology to offer products and services to its customers. The Bank was one of the pioneers in deploying ATMs, Bunch Note Recycler Machines, fully automated passbook printers & Cheque Deposit Kiosks as a move towards self- service banking. The Bank also set a blazing trail in implementing Internet Banking and Mobile Banking to its customers.

Branch Banking
  • Any Branch Banking
  • Multicity Account facilities for both current and savings bank customers
Internet Banking
  • User friendly Internet Banking
  • Self-service modes to process Internet banking user id activation, lock, unlock, Reset password, etc.
  • Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT), Immediate Payment Service (IMPS) funds transfer facilities through both Retail/Corporate Net Banking Login
  • Facility to transfer funds of over Rs. 25 lakhs per day through Internet Banking for retail customers and unlimited amount for corporate customers
  • Online payment of taxes
  • On-line utility bill payments and shopping facilities
  • e-ASBA facility for applying for IPOs / Rights Issue
  • Direct debit facility for payment of Tamilnadu Electricity (TNEB) bills through Net Banking
  • e-commerce facilities
  • On-line rail and air ticket booking using KVB VISA Debit card
Mobile Banking
  • Instant self-registration
  • Mobile Banking through KVB DLite app with Immediate Payment Services (IMPS) enabled by NPCI
  • Mobile app ‘KVB e-Book’ in all major platforms (Android, Windows, ios, Blackberry) to have access to all non-financial transactions anytime, anywhere through the mobile.
  • Missed call banking facility for balance enquiry, customer ID enquiry and account statement enquiry through mobile
  • Utility Bill payments
  • SMS based debit card hotlist
  • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood
Cards
  • Over 4.5 million VISA and MasterCard Debit Card holders
  • Over 4.5 million VISA and MasterCard Debit Card holders
  • OTP Based authentication for debit cards E-commerce transactions.
  • PIN based debit transactions at POS
  • Access to over 1795 KVB ATMs, 530 Cash Recyclers over 200000 domestic ATMs and over 1 million VISA/Master/DFS ATMs worldwide
  • Card to Card and Card to Account transfer of funds through KVB ATMs
  • VISA enabled Gift card
  • Rupay enabled KVB Centenary Prepaid Card.
  • Visa enabled reloadable Multicurrency Travel Cards in 8 currencies (US Dollar, Euro, Singapore Dollar, Canadian Dollar, British Pound, Japanese Yen, Swiss Francs, Swedish Kroner)
  • Co-branded KVB credit cards as add on facility to our customers
  • Anmol Rewards for use of KVB Debit card for POS and e-POS transactions
  • RFID cards, an innovation from the Bank that is issued to corporates / Institutions / entities. It is a multipurpose card which can be used as Identity card, Access card, as normal debit card at ATM / POS / e-commerce transactions, and also in closed loop POS terminals within premises of the corporate / institution.

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Green Pin
  • “Green PIN” is an initiative, through which PIN mailer printing is abolished and customers will be given option through KVB ATM itself to set up their PIN for Debit Cards with the help of OTP (One Time Password).
  • Available at 24X7 basis.
  • We have served this utility for more than 7,00,000 customers in our bank.
  • This facility can also be used for setting up new PIN when the customers have forgotten their debit card pin.
e-Kiosks
  • Cash Deposit Machines for quick anytime cash remittance and Self Service Kiosks for updating Passbook, knowing account balance and Cheque Status
  • BNA recyclers where Cash Deposit Machines double up as an ATM
  • Payment of institutional fees through ATMs
Point of Sale Machines
  • Handheld GPRS and Mobile Point of Sale machines deployed at merchant establishments
  • Digital POS or Green POS – Handheld GPRS POS machine without printer. Digital POS has the facility of sending E-receipt to both customer and Merchant through SMS and E-mail.
Help Desk
  • 24x7 professional help desk services (in 6 languages) for all our transactions carried out through ATM, Internet Banking, Mobile Banking (KVB DLite), e-commerce, product features, etc.
  • Self-service banking with IVRS for funds transfer facilities
Fastag
  • Perfect solution for a hassle free trip on national highways
  • It is a simple, reloadable tag which enables automatic payment of toll charges and lets you pass the vehicle through the toll plaza without stopping for the cash transaction
BBPS (Bharat Bill Payment System)
  • As a medium to connect multiple billers and agents through various Operating Units
  • Aggregated various billers to provide a single platform to make all types of payments
Bharat QR (BQR)
  • Bharat QR (BQR), a new initiative by National Payments Corporation of India (NPCI) in the payment system.
  • Bharat QR aims to increase the merchant based digital transaction by displaying their QR at their outlets.
  • The Mobile application is available to facilitate both merchants and customers towards making the payments.
Banking services
  • Several deposit and loan products, tailor-made to cater to the specific needs of customers
  • NRE/FCNR deposits, remittance services and “KVB Gruhapravesh” Home loans and Mortgage Loans for NRIs
  • Wide range of customized loan products to suit different industries under MSME clusters by way of its products like KVB MSME Pack, KVB Rice Plus, KVB Timber Plus, KVB Transport Plus, KVB Pharma Plus etc
  • Wide range of retail products like home loans, car loans, mortgage loans.
  • Entire range of products and services for Corporate Banking and Forex business
Loan Opening Systems (LOS)
  • Strategic roadmap and initiated our journey towards digitization in Lending prospective.
  • Automated workflow process will be beneficial to the Bank in building business, reducing cost, credit quality and increased compliance.
  • End to end paperless automated process
  • Rule based systems
  • Real time basis
Transaction Banking Services
  • An integrated transaction banking solution on electronic platform
    • Cash Management Services (Collections and Payments)
    • Virtual Account facility for collections
    • Supply Chain Finance products (Vendor Finance and Dealer Finance)
    • Tie ups with rated large auto majors for dealer funding
    • Customer Front End (CBX – Customer Business Exchange)
  • Participating in Trade Receivable Discounting System (TReDS) platforms
  • Can handle Dividend / Interest Warrants.
  • Customized MIS
Para banking services
  • All types of life insurance policies through a tie-up with M/s Birla Sun Life Insurance Company Ltd
  • All types of general insurance policies through a tie-up with M/s Bajaj Allianz General Insurance Company Ltd
  • Mutual Fund products of UTI, SBI MF, Reliance MF, Sundaram BNP Paribas MF, Birla Sun life MF, Franklin Templeton MF and LIC MF
  • The Bank is a Depository Participant through NSDL, providing DP services
  • ASBA and e-ASBA facility (through Internet banking)
  • 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
  • Prime Minister′s Pradhan Mantri Jeevan Jyothi Bima Yojna (Life Insurance scheme) Pradhan Mantri Suraksha Bima Yojna (Non Life Insurance scheme) Atal Pension Yojna (Pension scheme) implemented

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Accolades:
  • The performance of the bank has been consistently recognized by leading publications and other organizations. We have received the following awards during FY 2017-18
  • Best Small Bank for innovative use of technology from Institute for Development and Research in Banking Technology (IDBRT). The Bank is receiving this award for the 9th year in succession.
  • Best Small Bank Runner Up, 2016 from Business World - PwC
  • Award for Most Disruptive Payments Technology – FASTag at the Kamikaze Payments & Cards Summit
  • Number of Demat Accounts opened – Runner up from NSDL
Future outlook:

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 endeavors 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

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WHAT THEY SAID ABOUT KVB

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.”

Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India on the occasion of the 90th Anniversary celebrations of KVB in 2006 – “KVB is almost on par with new generation private banks in technology. It has implemented Core Banking Solution across the bank including rural branches.  Using this technology platform, it has enabled multiple delivery channels viz., ATM network, VISA Debit Cards, Mobile Banking and Internet Banking.  All these initiatives are indeed a fitting tribute to the visionary founders of KVB.”

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 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.”

Sri E.S.L. Narasimhan, H.E. the Governor of Andhra Pradesh at the Founders’ Day Celebrations in 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, inspires confidence among the public.

Hon’ble Justice C. Nagappan, Judge, Supreme Court of India, New Delhi Chief Guest at Founders Day Celebrations in 2013- “KVB has grown phenomenally in all aspects of banking and secured a prominent position in the banking industry and also made easy reach to customers having presence in pan India. I must say that NPA level of the Bank is less than 1% which is very much meager, this could be only because of the customers”.

Smt. Anandiben Patel,  Hon’ble Chief Minister of Gujarat, Chief Guest at the Founders’ Day Celebrations in 2014 – “Nurturing an organization for 100 years without any kind of hindrance is a big task.  There are very few banks who have performed this task successfully and Karur Vysya Bank is one of them.  I congratulate all of you for this success.”

Sri G.M. Rao, Group Chairman GMR Group of Companies at the Commencement of Centenary Celebrations in 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.

Shri Pranab Mukherjee, Hon’ble President of India Chief Guest at the Centenary Celebrations in 2016 – “Completion of 100 years is no doubt a milestone not only in the life of an individual but also in the life of an institution.  It provides us an opportunity to think for a moment and reflect from where we began our journey, where we are today and what is our future destination.  I congratulate the KVB on completion of 100 years of KVB.  I also express my appreciations for the 2 visionaries who established this institution 100 years ago.”

Shri CH. Vidyasagar Rao, Hon’ble Governor of Maharashtra and Tamil Nadu Guest of Honour at the Centenary Celebrations in 2016 – “The Bank had stood for 100 years overcoming all the turbulences right from pre-independence era to post independence period from protected economy to free market economy and from the sellers’ market to buyers’ market.  It is the testimony of its fundamental strength, trust and efficiency.”  

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