History
Karur V Bank, 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 Rs. 1.00 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 Rs.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 499 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.
Read more about this topic: Karur Vysya Bank
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