Karur Vysya Bank (KVB), a renowned name in India’s banking sector, has reported its financial results for the quarter and nine months ended December 31, 2023, showcasing a remarkable performance across key financial indicators. The bank’s net profit for the quarter surged by an impressive 42.56%, reaching ₹412 crore, up from ₹289 crore in the […]
Karur Vysya Bank has expanded its footprint by launching four new branches, taking its total branch network to 812. The newly inaugurated branches are spread across two states in India – two in Tamil Nadu and one each in Andhra Pradesh and Telangana. Following the inauguration, the bank’s ATM network will reach 1643, while the […]
Karur Vysya Bank has announced its Q1 FY 2024 financial results, demonstrating considerable business growth, profitability, and improved asset quality. The bank’s net profit surged by 56.77%, reaching ₹ 359 crore from ₹ 229 crore during the same period in FY 2023. Pre-Provision Operating Profit (PPOP) for the quarter rose by 36.42%, reaching ₹ 648 […]
Tamil Nadu-based Karur Vysya Bank (KVB) said that it has forged an arrangement with SBI Life Insurance for marketing the latter’s insurance schemes through the bank’s branches. The bancassurance agreement was inked by the parties on 23 March 2023 in Chennai. Karur Vysya Bank said that it is a significant player in Southern India with […]
Karur Vysya Bank (KVB) has donated five eight-seater battery operated electric vehicles (EVs) to the Tirumala Tirupati Devasthanams, the trust that manages the Tirumala Venkateswara Temple in Andhra Pradesh. The electric vehicles, which cost INR 29.27 lakhs, will be used for transporting devotees inside the Tirumala complex, said Karur Vysya Bank. The bank said that […]
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 […]
Karur Vysya Bank (KVB) said that the bank’s customers can now remit their customs duty payment online via the Central Board for Indirect Taxes and Customs’ (CBIC) ICEGATE portal. Earlier, CBIC had sanctioned the inclusion of Karur Vysya Bank as one of the authorized bankers for tax collection. According to Karur Vysya Bank, the link […]
Karur Vysya Bank (KVB) said that the Reserve Bank of India (RBI) has authorized it for collecting indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC). The development means that customers of Karur Vysya Bank will be shortly able to pay their indirect taxes, which include customs duty, GST, and […]
Karur Vysya Bank, an Indian commercial banking company, has made a donation of INR 3.14 crores to the PM Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND) from its CSR funds. The bank’s MD and CEO B Ramesh Babu handed over a demand draft to Indian Finance and Corporate Affairs […]
Karur Vysya Bank said that it has donated INR 10 lakhs to the District Collector, Karur, Tamil Nadu from its CSR funds for supporting the state government’s Covid-19 vaccination drive. The Indian commercial banking company said that it had responded to a request from the Karur district authorities to implement the Tamil Nadu government’s initiative […]