Karur Vysya Bank Limited, popularly known as KVB, was set up in 1916 with a capital of Rs. One lakh by two great visionaries, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to inculcate savings habit and to provide financial assistance to traders and small agriculturists in and around Karur, a textile town in Tamil Nadu.
Today, the bank has over 312 branches and 322 ATMs in 13 States and 2 Union Territories. The bank also has a strong presence in the insurance industry with tie ups with Bajaj Allianz, Birla Sunlife and many other insurance companies.
The bank was one of the earliest banks to adhere to the norm of Capital Adequacy Ratio stipulated by RBI right from its introduction. The Bank has been maintaining a healthy Capital Adequacy Ratio of over 15% as against the mandatory norm of 9% prescribed by the RBI, which will take care of future asset growth.
The bank gives vehicle loans in the name of KVB Fleximobile, KVB Vartagamitra to meet the working capital requirements of traders and- KVB Rentfin that provides finance against future rent receivables.
Get the best deals on Karur Vysya bank KVB loan offers
- Karur Vysya bank KVB home loans
- Karur Vysya bank KVB personal loans
- Karur Vysya bank KVB car loans
- Karur Vysya bank credit cards
Some useful personal finance calculators
Related articles