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InFocus Banking & Finance

Karur Vysya Bank Expands Reach with New Branch in KARAMBAKKUDI

Karur Vysya Bank has built its financials around three pillars – Growth, Profitability and Asset Quality.  The bank’s total business was Rs. 1,58,357 crores as on 31.12.2023 with a deposit base of Rs. 85,665 cr.

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SMEStreet Edit Desk
16 Apr 2024 12:51 IST

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KVB inaugurated new branch today in Karambakkudi
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Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu. With this the total branch network of the bank increased to 839. 

Dr. M. Sathya, M.B.B.S., DDVL, Chief Medical Officer, Government Hospital, Karambakkudi has Inaugurated the branch.

The Bank has built its financials around three pillars – Growth, Profitability and Asset Quality.  The bank’s total business was Rs. 1,58,357 crores as on 31.12.2023 with a deposit base of Rs. 85,665 cr. and advances at Rs. 72,692 cr. The bank posted net profit of Rs. 412 cr. in Q3 2023-24.  Other key financial ratios include Net NPA – 0.42%, NIM – 4.32%, and PCR – 94.81% in the said quarter.   

Also Read: Karur Vysya Bank & Bajaj Allianz Life Insurance Forms Strategic Partnership

Karur Vysya Bank Banking
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