Karur Vysya Bank (KVB) has inaugurated four new branches in Tamil Nadu and Andhra Pradesh, taking its total branch network to 858. The new branches are located in Vizag (Murali Nagar), Cuddapah (Seven Roads) in Andhra Pradesh, and Chennai (Kodungaiyur) and Chennai (Nolambur) in Tamil Nadu. The new branches offer a range of banking services, including retail and commercial banking products, insurance products, and ATM, Cash Deposit Machine, and Passbook printer facilities. KVB also offers internet banking and mobile banking facilities, including its mobile banking app, KVB DLite, which has been recently upgraded with customer-friendly features. The bank has a strong financial position, with a total business of Rs. 1,76,138 crores, a deposit base of Rs. 95,839 crores, and advances of Rs. 80,299 crores as of September 30, 2024. The net profit for the first half of the current fiscal year was Rs. 932 crores, with a net NPA of 0.28%.
Source: https://www.psuconnect.in/news/karur-vysya-bank-inaugurated-4-new-branches/45476