The KVB full form is the Karur Vysya Bank. KVB is a Scheduled Commercial Bank in India. It has completed a century of service and is one of the leading banks in India; its headquarters are located in Karur, Tamil Nadu. M. founded the company in 1916. A. Venkatarama Chettiar as well as Athi Krishna’s Chettiar.
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The financial institution that specializes primarily in the Treasury, Retail Banking, Corporate Banking, or Wholesale Banking departments. As of March 31, 2020, the bank has 779 branches, 1659 ATMs, and approximately 565 cash deposit machines.
A brief history of KVB
- Mr. M. A. Venkatarama Chettiar and Mr. Athi Krishna Chettiar formed the Karur Village Bank (KVB) on July 25, 1917, in order to maximize the existing underdeveloped traders and farmers sector in and around Karur, Tamil Nadu.
- The bank began with a beginning capital of approximately 1 lakh, which developed alongside other banks and the services offered.
- The Board of Directors, comprised of professionals from diverse professions, oversees and directs the bank.
- In order to establish a pan-Indian presence, the bank expanded from Karur and established over 668 subsidiaries in various states and union territories.
- Shri K.K. Balu was appointed as the Bank’s Additional Director on January 27, 2012.
Services provided by KVB
The KVB’s services are listed below.
Corporate Banking
Under corporate banking, KVB provides services such as corporate loans, multicity current accounts, Demat accounts, and general insurance, among others.
Personal Banking
In personal banking, in addition to numerous other products such as insurance and fixed deposits, the bank offers house loans and personal loans.
Agricultural Banking
KVB’s agricultural banking programs include KVB Happy Kisan, Green Harvester, and Green Trac.
MSME
The bank provides KVB MSME Term Loans, KVB MSME Standby Term Loans, KVB MSME Cash, and KVB MSME Vendor Bill Discounting for MSMEs.
