Karur Vysya Bank (KVB) has expanded its presence with the inauguration of six new branches across Tamil Nadu and Andhra Pradesh.
The branches, which opened on February 27, 2025, offer a variety of banking services such as savings and current accounts, deposits, loans, and more, catering to the diverse needs of customers.
Newly Inaugurated Branches
The new branches inaugurated today are as follows:
- Salem (Cherry Road) – 872nd branch, inaugurated by Mr. Balasubramaniyan, Deputy Commissioner of Salem Corporation.
- Proddatur (Andhra Pradesh) – 873rd branch, inaugurated by Mr. Mallikarjuna, Municipal Commissioner of Proddatur.
- Tiruvallur (Manavala Nagar) – 874th branch, inaugurated by Mr. Thirunavukkarasu, Municipal Commissioner of Tiruvallur.
- Trichy (Melachinthamani) – 875th branch, inaugurated by Dr. Kumaravel, Dean of Mahatma Gandhi Memorial Government Hospital, Trichy.
- Chennai (Chitlapakkam) – 876th branch, inaugurated by Mrs. Sasikala, Deputy Commissioner of Tambaram City Municipal Corporation.
- Tiruppur (Neruperichal) – 877th branch, inaugurated by Mr. Chikkannan, Trustee of M N Chickkanna Chettiar Trust, Tiruppur.
These branches will provide essential banking services, with a focus on meeting the needs of both retail and institutional customers.
KVB’s Growth & Digital Offerings
In the financial year 2024-25, KVB added 35 branches to its network, bringing its total to 877 branches.
Additionally, the bank continues to enhance its digital offerings.
The KVB DLite mobile banking app has been upgraded with several customer-friendly features, offering both financial and non-financial services through more than 150 features.
Strong Financials & Robust Growth
As of December 31, 2024, KVB’s total business stood at Rs. 1,81,993 crores, with a deposit base of Rs. 99,155 crores and advances of Rs. 82,838 crores.
The bank posted its highest-ever net profit of Rs. 1,605 crores for the previous financial year, and a net profit of Rs. 1,428 crores for the nine months of the current fiscal.
KVB also maintains a low Net NPA ratio of 0.20%.
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