Karur Vysya Bank About

Hi I would like to have the information about Karur Vysya Bank as well as its financial statistics and also the Branch & ATM Network Details?

Welcome to Karur Vysya Bank – the bank that conveys with it a custom of 101 years but then is sufficiently youthful to adjust to the quickly changing situation in the managing an account industry.

Origin:

Karur Vysya Bank was begun in the year 1916 in Karur, at that point a little material town with an immense agrarian foundation, by two renowned children of the dirt – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. What began as a wander with a seed capital of Rs. 1.00 lakh has developed into a main monetary establishment that offers an extent of money related administrations, under one rooftop, to a great many its clients.

Financial landmarks of the bank as on 31.03.2017:

Total business of the bank was at Rs. 95135 cr. with add up to stores at Rs. 53700 cr and aggregate advances at Rs. 41435 cr.

The Net Profit for FY16-17 was Rs. 605.98 cr.

The net possessed assets of the bank are Rs. 4845.02 cr.

The capital ampleness proportion of the Bank remained at 12.54% (Basel III) which is well over the administrative necessity of 9%.

The Net NPA was at 2.53%.

The bank has been gaining benefits since origin and has been proclaiming profit uninterruptedly.

The bank has announced at least 100% profits since 2003-04. Between 2007-08 and 2010-11, the profit was 120%. While for 2011-12, 2012-13 and 2015-16, profit was 140%, 130% profit was proclaimed for 2013-14 and 2014-15. For 2016-17, profit pronounced is 130%.

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

(Rs. in crore)
Particulars 2014-15 2015-16 2016-17

Deposits 44690 50079 53700

Advances 36691 39476 41435

Net Profit 464.28 567.63 605.98

Capital Funds 4246.03 4572.95 4845.02

Capital Adequacy 14.62% 12.17% 12.54%

Net NPA 0.78% 0.55% 2.53%

Branch and ATM Network:

The bank had a branch network of 714, an ATM network of 1748 as well as 447 Recycler / Cash Deposit Machines as on 31.03.2017.

Technological Accomplishments:

KVB is one of the most punctual banks in the nation to accomplish full systems administration of its branches under Core Banking Solutions. The Bank has dependably been a leader in embracing and utilizing on innovation to offer items and administrations to its clients. The Bank was one of the pioneers in sending ATMs, Bunch Note Recycler Machines, completely mechanized passbook printers and Check Deposit Kiosks as a move towards self-benefit managing an account. The Bank additionally set a pioneering trail in executing Internet Banking and Mobile Banking to its clients.

e-Kiosks

Money Deposit Machines for fast whenever money settlement and Self Service Kiosks for refreshing Passbook, knowing record adjust and Check Status

BNA recyclers where Cash Deposit Machines bend over as an ATM

Installment of institutional charges through ATMs

Purpose of Sale Machines

Handheld GPRS and Mobile Point of Sale machines sent at trader foundations

Advanced POS or Green POS – Handheld GPRS POS machine without printer. Advanced POS has the office of sending E-receipt to both client and Merchant through SMS and E-mail.

Help Desk

24x7 expert help work area administrations (in 6 dialects) for every one of our exchanges brought out through ATM, Internet Banking, Mobile Banking (KVB mPay), web based business, item includes, and so forth.

Self-benefit managing an account with IVRS for stores exchange offices

Fastag

Culminate answer for a bother free stumble on national interstates

It is a basic, reloadable label which empowers programmed installment of toll charges and gives you a chance to go the vehicle through the toll square without ceasing for the money exchange

BBPS (Bharat Bill Payment System)

As a medium to associate numerous billers and specialists through different Operating Units

Collected different billers to give a solitary stage to make a wide range of installments

Managing an account administrations

A few store and advance items, customized to take into account the particular needs of clients

NRE/FCNR stores, settlement administrations and "KVB Gruhapravesh" Home credits and Mortgage Loans for NRIs

Extensive variety of altered advance items to suit distinctive businesses under MSME bunches by method for its items like KVB MSME Pack, KVB Rice Plus, KVB Timber Plus, KVB Transport Plus, KVB Pharma Plus and so forth

Extensive variety of retail items like home credits, auto advances, contract advances.

Whole scope of items and administrations for Corporate Banking and Forex business

Exchange Banking Services

A coordinated exchange saving money arrangement on electronic stage

Money Management Services (Collections and Payments)

Store network Finance items (Vendor Finance and Dealer Finance)

Client Front End (CBX – Customer Business Exchange)

Can deal with IPO and Dividend/Interest Warrants.

Altered MIS

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