Karur Vysya Bank Expands Retail Network with New Branches Across Tamil Nadu and Karnataka

Karur Vysya Bank Expands Retail Network with New Branches Across Tamil Nadu and Karnataka

Karur Vysya Bank (KVB) has expanded its retail presence in Tamil Nadu and Karnataka, inaugurating four new branches in these states. The Karur-based private sector bank recently launched a new branch in Bengaluru and added three additional branches in the Tamil Nadu districts of Kanyakumari, Chennai, and Tirupur. These new locations underscore KVB’s commitment to strengthening its retail banking services in the region, enhancing accessibility for its growing customer base.

As of September 30, 2024, Karur Vysya Bank reported an impressive total business of Rs 1,76,138 crore, comprising deposits of Rs 95,839 crore and advances of Rs 80,299 crore. The bank’s financial performance reflects steady growth, with a net profit of Rs 932 crore for the six-month period ending in September. Notably, KVB has maintained its asset quality, with Net Non-Performing Assets (NPA) standing at a low 0.28% as of the end of September, indicating strong credit management.

The opening of these new branches is part of KVB’s strategic efforts to expand its retail banking services across southern India, ensuring more customers can access the bank’s wide range of financial products and services. By expanding its reach, Karur Vysya Bank aims to tap into the region’s economic potential while supporting local communities with robust and reliable banking services.