Karur Vysya Bank (KVB), an Indian commercial banking company, has opened a new branch in Kothavalasa, a suburb of Visakhapatnam.

The Kothavalasa branch of Karur Vysya Bank is the bank’s 790th in India. Inaugurated by Karur Vysya Bank Managing Director and CEO B. Ramesh Babu, the new branch offers a range of banking services such as savings, current and deposit accounts, locker, and retail and commercial loans, among others.

According to Karur Vysya Bank, customers can open their savings account at the branch in three steps via the KVB DLite mobile app. Customers can complete their Know Your Customer formalities thereafter via v-KYC without the need of visiting the Karur Vysya Bank Kothavalasa branch.

According to the commercial banking company, all financial and non-financial transactions can be done through the KVB DLite mobile app.

Karur Vysya Bank said that retail and commercial loans are processed digitally and the in-principle sanction for retail loans are provided in 15 minutes.

  B Ramesh Babu, Banking industry news, India, Karur Vysya Bank, Kothavalasa, Visakhapatnam