Origin of Karur Vysya Bank

Hii sir, I Wants to know About the Establishment of the Karur Vysya Bank Will you Please provide It ?

[pawan]

Karur Vysya Bank (Tamil) is an Indian private-sector bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. . KVB provides services such as personal, corporate, agricultural banking and services to NRIs and MSME.

About the Establishment

The Karur Vysya Bank Limited, popularly known as KVB was set up on 25th of July 1916 by Mr M.A Venkatarama Chettiar and Mr Athi Krishna Chettiar, to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu. Origins:

Though the bank started with a seed capital of ₹1 lakh, As with most banks, the seed capital has grown, as have the services sold. The bank is managed and guided by the Board of Directors drawn from different fields.

Realising that there is more money elsewhere, the bank expanded out of Karur and established approximately 668 branches in other States and Union Territories in order to gain a pan-India presence.

Shri K.K. Balu was appointed as an Additional Director of the Bank on 27 January 2012

Contact Details

Karur Vysya Bank Corporate Office
Address: Post Box No.21, Erode Road, Karur, Tamil Nadu-639002.
Phone Number: 04324-269581 / 04324-269582