Karur Vysya Bank

Karur visya bank is a commercial bank in India that started to function from the last 200 years to date.

Karur visya banks were started in1916 by two sons who were the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar sons.

Their main aim when they decided to start this Karurs Vysya bank was for the purpose of inculcating saving habits and finacialy providing assistance to small scale farmers, traders around Karur and textile Towns in Tamil Nadu.

The Karur bank started at e very low amount of money that was Rs. 1 lakh but as time and years passed by the bank started emerging with lamp some of money and customers were flocking in both who were working in high paying occupation and the low earning people, the bank grew into being one of the top leading banks in India,

The Karur bank is professionally being managed and taken cared of by the board of directors who come from different fields and are experienced, have knowledge and visions not forgetting the business acumen that is necessary when it comes to banking, this people work for the welfare benefit of the local people living in different regions in India who would have wanted to save their hard earned money no matter how small they had to get richer and develop their own occupations.

The Karur Bank had inherited a regional flavour to start with that was when it was targeting the low earning people around the Karurs regions but now it has spread in very many places far wide over 285 branches in 13 states and 2 union territories and most of this bankers have lots of money in there accounts since the Karur no longer targeted the peasants alone the rich and financially stable people joined in the banking.

The Karurs vysya Bank has been conducting its work with care so that they can be in conformance with nearly all the prudent norms and regulations that are statutory when it comes to banking.

Karur vysya banking also known as (KVB) and is among the earliest banks to follow the norm of the Capital Adequacy Ratio stipulated by RBI all the way from the moment it was build and introduced to date. The bank has maintained a healthy Ratio over 15% as against the normal norm of 9% that it was expected to perform and according to RBI prescription to take care of the future assets growth.