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Karur Vysya Bank Review

The karur vysya bank shortly know as KVB was founded in the year 1916 by Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to impart savings habit and provide necessary financial assistance to the small traders and framers in and around the town of karur . This town is also known as the textile town of Tamil Nadu. Initially the bank has started with a capital amount of 1 lakh. Later it was developed as a leading financial institution which offers various financial services to its customers.

The bank’s vision is to see the delight of the customers by offering them high standards of customer service and to deliver innovative products at reasonable rate through pan India networks. The bank is working to extend its business network an to reach top in the banking world. To update the quality of human resource for world class customer service is it main motto.
The bank has the lowest NPA ratios in the country. From the past four years the bank has declared 100% dividend and in the year 2007-08 the bank has announced 120% dividend. Its capital adequacy ratio is higher than given by the RBI of 12.59 % as given by the bank. The bank has nearly 288 branches and 291 ATM network services. The bank plans to expand it to 320 branches in the coming financial 2008-09.

KVB is known as the one of the earliest bank to achieve full networking over its branches. Its mobile banking facilities provide enquiry and alert options about the bank. E-shopping and e-commerce facilities are available under all safety conditions. It has visa debt facility with card base over 1 million. Internet banking facility eases the customers to know about their account details.

KVB is ranked as the most efficient small bank by business today.. In the platinum jubilee celebrations Prime Minister Dr Manmoham singh told that the efficiency of the bank in terms of productivity should be followed by other banks.