Karur Vysya Bank Limited:
The Karur Vysya Bank Ltd provides many banking and financial services for individual and corporate customers in India. As of March 31, 2018, Karur Vysya Bank operated a network of 1795 ATMSs and 790 branches. It was founded in 1916 and is based in Karur, India. Their core business operates through Corporate and Wholesale Banking, Treasury, Retail Banking, and Other Banking Operations divisions.
The company provides services like savings and current accounts, ordinary non-resident accounts, and fixed deposits; personal, educational, home, vehicle, business, and mortgage loans to individuals or proprietorship firms, non-resident external savings and current accounts, as well as loans for working professionals; micro, small and medium enterprises loans. It also offers short term credit for agriculturists in rural, semi-urban, and urban areas and working capital finance; term loans,trade finances, and foreign exchange services for traders/corporates.
In addition, they also provide general insurance products, such as critical illness, personal accident, health, travel, directors and officers liability, business, burglary, money, fidelity guarantee, workmen's compensation, product liability, marine, household, fire and other risks insurance services; motor vehicles dealer, shop keepers package, car and two-wheeler, and life insurance services. Moreover, it deals with debit cards, gift, travel, and credit cards; utility bill payment, and online and offline share trading services, rail/air ticket booking, mutual fund investments; locker facilities; remittance services; and Internet and mobile banking.
In 1964 KVB took over the assets and accounts of the Pathenen Gram Vasishya Bank Ltd., Salem, and Arya Visya Bank Ltd. (14 branches), Shri Kannika Parameshwari Bank Ltd. (4 branches). It was also decided to take over the assets and accounts of the Coimbatore Bhagya Lakshmi Bank Ltd. In 1982 KVB's 40,000 right shares were issued at par in prop. 1:3.
In 2002, Karur Vysya Bank Ltd announced that the Chairman and Chief Executive Officer of the Bank A D Navaneethan have laid down of office after the close of office hours on May 31, 2002. PT Kuppuswamy was appointed as Chairman and Chief Executive Officer of the Bank on June 01, 2002 in terms of the endorsement of Reserve Bank of India.
In 2009, Karur Vysya Bank Ltd appointed an Additional Director of the Bank - Shri. S.Ganapathi Subramanian. The Bank has also been awarded the Gold CIO award in "1000- crore" category of the enterprise connect awards. The function was instituted by Cybermedia India Online -Dataquest, Mumbai on August 28, 2009, and the honour was received by S. Sekhar, CIO of the Bank.
In 2009, Karur Vysya Bank Ltd established its branch in Himayat Nagar in Hyderabad. Including this, the total number of branches of the Bank was reached 320 across the country. They also stated that they would be opening two more offices in Meerut and Dharmapuri soon.
In 2014, Karur Vysya Bank in association with Bajaj Allianz General Insurance Company offered to launch the Co-Branded Health Card formally on January 03, 2014 at the Banks Central Office, Karur.
KVB has stated that their bank is well-equipped to bravely take up the challenges in the finance industry and in future, it will rise as a one-stop-shop techie financial supermarket.
Karur Vysya Bank Ltd, Listings:
The KVB Equity Shares/stocks are listed on the National Stock Exchange of India Limited (the "NSE") and BSE Limited (the "BSE", together with the NSE, the "Stock Exchanges").
The Key Dates to be noted for Karur Vysya is:
March - The Year Ending Month
July - The AGM Date (Month)
July - Book Closure Date (Month)
As of May 2019 - Karur Vysya Bank Ltd, Management Team:
C Ramakrishna - Deputy General Manager
C Saravanun - General Manager
Dolphy Jose - General Manager
E Ramesh - Deputy General Manager
G P Ashok Kumar - General Manager
G R Sairaj - General Manager
G S Anantha Kumar - Chief General Manager
J Natarajan - President & COO
K L Vijayalakshmi - Director
K Rathinam - Deputy General Manager
K S Ravichandran - Director
L Murali - Deputy General Manager
M Balachandran - General Manager
M D Ramesh Murthy - General Manager & Chief Risk Officer
M K Venkatesan - Director
M V Srinivasamoorthi - Director
P R Seshadri - Managing Director & CEO
R Rajagopalan - Deputy General Manager
S Balaji - Chief General Manager
S Gururaja Rao - General Manager
S Sekar - General Manager
Srinivasa Rao Maddirala - Asst. General Manager & Co. Secretary
Srinivasa Rao Maddirala - Secretary
T S Narayan - General Manager
T Sivarama Prasad - CFO & General Manager
V G Mohan Prasad - Director
V Srinivasan - General Manager
How Karur Vysya Bank Ltd, is categorised as Banks Sector, and Finance Industry :
The Financial Industry is a section that leads the world in terms of equity market capitalization and earnings. The companies that are in the economic enterprise focus mainly on managing money, as their revenue is generated mostly by the sectors from mortgage and loans that gain value as interest rates rise. Also, this industry's economy is made up of institutions and firms that provide financial services to wholesale and retail customers.
The main sectors that are into the Financial industry are,
Accounting and Bookkeeping.
Financial Markets and Planning.
Banking and General Financial Services.
Mortgage and Financial Broking.
Insurance and Superannuation.
Specialised Financial Services.
Karur Vysya Bank Ltd comes under the Banking sector. The banking industry is one of the active areas in India, which makes a significant portion of the growth of a country’s GDP. The banking industry in India is of great importance in Asia and also throughout the World because of its steady performance in the market.
Karur Vysya Bank Ltd, Competitors and Sector Peers:
Bandhan Bank Ltd. - BANBAN
Bank of Rajasthan Ltd.[Merged] - BANOFR
Centurion Bank of Punjab Ltd.[Merged] - CENTUB
City Union Bank Ltd. - CITUNI
Dhanlaxmi Bank Ltd. - DHABAN
Federal Bank Ltd. - FEDBAN
IDFC First Bank Ltd. - IDFCB
IndusInd Bank Ltd. - INDUBA
ING Vysya Bank Ltd.[Merged] - INGVYS
Jammu & Kashmir Bank Ltd. - JAMKA
Karnataka Bank Ltd. - KARBAN
Kotak Mahindra Bank Ltd. - KOTAMA
Lakshmi Vilas Bank Ltd.- LAKVIL
South Indian Bank Ltd. - SOUINB
Karur Vysya Bank Ltd, Contact Information:
No.633-637, 1st Floor Jawahar Bazaar Karur, 639 001 India