Friday, Apr 4 2025 | Time 15:10 Hrs(IST)
Business EconomyPosted at: Mar 10 2025 5:34PM


KVB expands network; opens 3 new branches in southern states

Chennai, Mar 10 (UNI) As part of its expansion plans in southern states,
Karur Vysya Bank (KVB) inaugurated three new branches on Monday.
The new branches, one each were inaugurated in Andhra Pradesh,
Karnataka and Tamil Nadu.
These branches will offer a comprehensive range of banking services
like accounts, deposits and loans including savings and current accounts
etc., a KVB release here said.
During the financial year 2024-25, the bank added 38 branches and it
now has 880 branches.
The new branches that were opened today were in Ongole (Andhra
Pradesh); Bangalore (Karnataka) and Bagayam (Tamil Nadu) in Vellore.
The new branches will provide the complete range of banking services
that include retail and commercial banking products, insurance products
through third party tie-ups, etc.,
The branches have been provided with an ATM, Cash Deposit Machine
and Passbook printer for the convenience of its customers.
KVB offers Internet Banking and Mobile Banking facilities. KVB DLite,
the Mobile Banking app of the Bank offers convenience of financial and
non-financial services through 150+features.
The app has been recently upgraded with several customer friendly features.
KVB has touch points in the form of 880 branches and 2200+ ATMs and cash
recyclers. The Bank continues to grow with its strong financials.
The bank’s total business was Rs. 1,81,993 crores as on 31.12.2024 with a
deposit base of Rs. 99,155 crore and advances at Rs. 82,838 crore.
The bank had posted its highest ever net profit of Rs. 1,605 crore during the
last financial year. The Net Profit for the nine months of the current fiscal was
Rs. 1,428 crores and the Net NPA of the Bank was 0.20%.
UNI GV 1730
Please log in to get detailed story.
Tags: #KVB expands network; opens 3 new branches in southern states
More News

Institutional investments in Indian Real Estate Surge by 31 pc in Q1 2025

04 Apr 2025 | 1:15 PM

Kolkata, Apr 4 (UNI) Institutional investments in Indian real estate witnessed remarkable growth in the first quarter of 2025, rising 31 percent year-on-year to USD 1.3 billion, according to a recent report by COLLIERS.

see more..
LIC responds to USTR observations: reaffirms independent, competitive, and customer centric operations

LIC responds to USTR observations: reaffirms independent, competitive, and customer centric operations

04 Apr 2025 | 1:08 PM

Kolkata, Apr 4 (UNI) The Life Insurance Corporation of India (LIC) has taken note of the USTR’s recent remarks regarding the favourable treatment extended to LIC by the Government of India.

see more..
India's engineering goods export to be impacted by

India's engineering goods export to be impacted by "reciprocal tariff" by US

04 Apr 2025 | 12:12 PM

Kolkata, Apr 4 (UNI) As the US is the top export destination for
Indian engineering exports, the sector would be impacted at least in
the first year,
or till India expands its presence in other markets, the EEPC India
said on Friday.

see more..
Rupee jumps 38 paise against USD

Rupee jumps 38 paise against USD

04 Apr 2025 | 11:30 AM

Mumbai, Apr 4 (UNI) The rupee on Friday registered 38 paise gains at 85.06 against USD in the opening session on the selling of US dollars by bankers and exporters, dealers at the Forex Market said.

see more..
Sensex tanks over 500 pts

Sensex tanks over 500 pts

04 Apr 2025 | 11:24 AM

Mumbai, Apr 4 (UNI) Impact of the tariff on Indian importsby the US government was seen on Friday too, as the BSE Sensex slumped further by 551.13 pts at 75,744.23 in the opening session.

see more..