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Karur Vysya Bank
SectorFinancial Services
Karur Vysya Bank Limited is a privately held Indian bank founded in 1916 and headquartered in Karur, Tamil Nadu. It provides a wide range of banking and financial services, including commercial banking and treasury operations. The bank operates in four business segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. As of March 31, 2024, Karur Vysya Bank has a network of 838 branches, 1,642 ATMs, 620 Bunch Note Recycler Machines, and 217 Self-Service Passbook Kiosks across India. The bank offers various services such as investments, loans, digital banking, and para-banking activities like bancassurance and third-party product distribution.
In the news
KVB shares rally 1.7% as Q2 profit jumps 37% YoY to ₹787 crore
Karur Vysya Bank Q2 profit jumps 40.91% to ₹1,543 cr, targets 18-20% credit growth
Joshi prefers Karur Vysya Bank over RBL Bank amid NBFC challenges
Karur Vysya Bank appoints new CFO, opens 16 new branches
Karur Vysya Bank surges 11% on strong Q1 earnings; pharma stocks rally
Sensex, Nifty extend gains: Raymond defence CEO appointment boosts stock
Karur Vysya Bank Q1 deposits up 15%, advances cross ₹1 lakh crore
KVB launches Sponge Park in Tambaram for sustainability
Karur Vysya Bank Maintains Strong Asset Quality with Buy Rating
Banks face FCNR(B) deposit retention challenges amid rate hikes
Karur Vysya Bank plans corporate loan expansion to 20%
Karur Vysya Bank expands corporate loans amid rising bank fraud concerns
Karur Vysya Bank launches premium credit cards, targets ₹500-700 cr microfinance
Smallcap bank stocks face pressure as technical outlook turns cautious
Banks tap young investors with loans against mutual funds
KVB posts 41% Q4 profit surge amid MCLR hike impact on borrowers
Karur Vysya Bank Q4 profit jumps 41% to ₹725 crore, analysts maintain 'Strong Buy'
Karur Vysya Bank Q4 profit surges 41% to ₹725 cr
Karur Vysya Bank Q4: 41% profit jump, stock up 5.5%
KVB inaugurates new divisional office in Tiruppur
Company insights, generated from the most recent coverage.
ITAT order on 2 Sep set aside a Rs 40.34 cr tax demand for AY 2022-23, removing a small but lingering contingent liability overhang.
Asset quality is best-in-class for a mid-cap private bank: GNPA ~0.69% and NNPA ~0.18%, with gross NPAs declining sequentially to Rs 765 cr. Low provisions are structural, not a one-quarter flatterer.
Other income fell 15% YoY with the 'others' line down 44% on lower write-off recoveries — fee income is the weak leg, so the bancassurance tie-up with Zurich Kotak General Insurance signed on 12 Oct is the swing factor for non-interest income.