Karur Vysya Bank
Karur Vysya Bank
About Bank
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.
Financial landmarks of the bank:
- Total business of the bank was at Rs. 42774.26 cr. with total deposits at Rs. 24721.85 cr. and total advances at Rs. 18052.41 cr. as on 31.03.2011. KVB is the first Tamilnadu based private sector bank to cross the milestone figure of Rs. 42000 cr. total business.
- The net profit of the bank for fiscal 2010-11 was Rs. 415.59 cr.
- The net owned funds of the bank are Rs. 2136.98 cr.
- The bank has a Capital Adequacy Raito of 14.41% (Basel II) as against the RBI stipulated norm of 9%.
- The bank has one of the lowest net NPA ratios in the country @ 0.07%.
- 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, 2008-09 and 2009-10, the dividend paid is 120%.
The bank has a branch network of 369 and an ATM network of 488 as on 31.03.2011. The bank plans to improve the branch network to 450 by the end of the financial year 2011 -12.
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Contact Details
Website: http://www.kvb.co.in
Courtesy : kvb.co.in
