Karur Vysya Bank
||This article appears to be written like an advertisement. (February 2012)|
||This article needs additional citations for verification. (February 2012)|
|Type||Public (BSE: 590003)|
Gold & Silver Coins, Bars
|Operating income||5126.6 million (US$94 million)(2011-2012)|
5,491000(31 March 2012)
'The Karur Vysya Bank Limited', popularly known as KVB, one such endeavour, was set up in 1916 by two blokes, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to inculcate the habit of savings and provide financial assistance to traders and small Agriculturists in and around Karur, a textile town in Tamil Nadu. Origins:
What started as a venture with a seed capital of 1 lakh has grown into a leading financial institution that offers the wide gamut of financial services to millions of its customers under one roof.
Though the bank started with a seed capital of 1 lakh, it has withstood innumerable changes and challenges in the past few decades and has profitably emerged as one of the leading banks in India without compromising on its fundamentals. The bank is managed and guided by the Board of Directors drawn from different fields.
Shedding its inherent regional flavour, the bank has now over 482 branches in various States and Union Territories in order to gain a pan-India presence.
Shri K.K. Balu was co-opted as an Additional Director of the Bank on 27 January 2012.
Branch and ATM Network 
It has Pan India network of '552' Branch and network of 1306 ATM as on 19th May 2013
Technological Accomplishments 
KVB is one of the earliest banks in the country to achieve full networking of its branches under Core Banking Solutions, offering services through multiple delivery channels. Some of the noteworthy accomplishments of KVB are:
Any Branch Banking
Multicity Account facilities for both current and savings bank customers.
online TAX Payments through Internet Banking
On line utility bill payments and shopping facilities
On line Payment of Electricity Bill in Tamil Nadu (TNEB) through Net Banking
E-Commerce facilities backed with the safety of Verified by VISA
KVB mPay offers the facility of inter-bank transfer of funds through Inter-bank Mobile Payment Services of NPCI.
Point of sale machines
Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities at all branches
VISA and MasterCard Debit card facility with a card base of over 2 million
On-Line Train Ticket and Air Ticket Booking using KVB VISA Debit Card.
VISA enabled Gift and Travel Card
Visa KVB SBI CREDIT CARD
Card to Card and Card to account transfer of funds through KVB ATMs
Payment of institutional fees through ATMs
Payment for air tickets (Kingfisher) through KVB ATMs
24 X 7 toll free professional help desk services for all ATM, Internet Banking, Mobile Banking and e-commerce transactions.
Banking and Para Banking Services 
KVB offers several deposit and loan products, tailormade to cater to the specific needs of customers.
The bank offers NRE / FCNR deposits and remittance services to NRIs.
The bank offers all types of general insurance policies through a tie-up with M/s Bajaj Allianz General Insurance Company.
The bank offers life insurance policies through a tie-up with M/s Birla Sun Life Insurance Company.
The Bank distributes the Mutual Fund products of UTI, SBI MF, Reliance MF, Sundaram BNP Paribas MF, Birla Sunlife MF, Franklin Templeton MF and LIC MF
The Bank is a Depository Participant through NSDL and opens demat accounts ASBA facility available.
Off-line and on-line trading facility is available to the demat customers enabled through a tie-up with M/s Religare Securities Ltd and M/s IDBI Caps respectively.
KVB is one of the authorized banks to open accounts under the New Pension Scheme.
KVB POS terminal facility is available at merchant establishments.
KVB sells pure 24 carat Assay certified Gold Coins and bars and silver coins and bars.
KVB has been ranked as the Best Private Sector Bank at the Bloomberg – UTV Financial Leadership Awards, 2012. Our MD & CEO, Shri K. Venkataraman received the award on behalf of the Bank from Shri Pranab Mukherjee, Hon’ble Union Finance Minister on 07.04.2012.
KVB has been recognized as “The Best Small Bank” and “The Fastest Growing Small Bank” by Business World in their evaluation of the Best Banks of 2011
The Institute for Development and Research in Banking Technology, Hyderabad has awarded the IDRBT Banking Technology Excellence Awards, 2010-11 – Best Bank Award for Mobile Banking among Small Banks. KVB's MD & CEO, Shri K. Venkataraman received the award from Shri Anand Sinha, Deputy Governor, Reserve Bank of India and Chairman, IDRBT at a function in Hyderabad on 4 August 2011.
KVB has been recognized as Best Cost Efficient Private Sector Bank, Award was received by KVB's MD & CEO from Shri Prithviraj Chavan, Hon’ble Chief Minister of Maharashtra gave way the FIBAC Best Bank Award, 2011 on 25 August 2011– The award is instituted by FICCI –IBA
CNBC-TV18 – MCX has awarded KVB as the Best Banks & Financial Institutions Awards, 2011 - Best Old Private Sector Bank to Karur Vysya Bank. The award was presented by Shri Veerappa Moily, Hon’ble Union Minister for Corporate Affairs at a function in Mumbai on 12 September 2011.
Financial Express has adjudged Karur Vysya Bank as the Best Old Private Sector Bank – Runner up. The award was presented by Shri Pranab Mukherjee, Hon’ble Union Finance Minister on 17 September 2011 to KVB's MD & CEO, Shri K. Venkataraman.
KVB Adjudged as the Best Small Bank, 2010 by Business World – Pricewaterhouse Coopers.
KVB Awarded the "Banking Technology Excellence Awards - 2009" - Special Award – Best IT Infrastructure Management, 2009 by Institute for Development and Research in Banking Technology, Hyderabad. Won the award for Best use of IT for Customer Service in Semi-Urban and Rural Areas during the previous year.
KVB awarded by Dun & Bradstreet – Polaris Software Banking Award 2010 for Best Private Sector Bank in "Asset Quality"
KVB Ranked by The Banker, London among the TOP 1000 Banks of the world for the year 2009, one among 31 Indian Banks featuring in the list.
KVB Received the CFBP Jamnalal Bajaj Award for Fair Business Practices in the Financial Sector Category. The award has been instituted by the Council for Fair Business Practices, Mumbai based on evaluation parameters like customer satisfaction, customer communication, employee motivation, social conscience, corporate social responsibility and compliance with laws
KVB Ranked as the Best Mid-sized Bank by Business Today – KPMG for 2009.
KVB Awarded the Gold CIO Award in the more than Rs.10 billion. category of the Enterprise Connect Awards '09 instituted by CIOL (Cybermedia India Online Limited)-Dataquest recognizing the "leadership combined with vision and mission in deploying information technology for business benefits through pioneering and innovative use within and outside the organization".
KVB Was rated as the Most Efficient Small Bank by Business Today – KPMG and as the No. 1 old private sector bank by Financial Express – Ernst & Young for two years in succession (2006 & 2007).