Karur Vysya Bank is on expansion mode

By | August 9, 2011

A recent press report said that Karur Vysya Bank has added 10 branches and 50 ATMs to its network, to take its total branch network to 386 and ATMs to 583. The bank is aiming to have a network of 400 branches and 600 ATMs by end-September.

Reports said that Mr. R. Gopalan, Secretary, Department of Economic Affairs and Ministry of Finance inaugurated the branch. The others include a branch at New Chandapur (Karnataka), at Vanasthalipuram in Hyderabad and Vuyyuru (Andhra Pradesh), at Saidapet in Chennai and Gugai, Melur and Panruti near Salem in Tamil Nadu.

Karur Vysya Bank started in the year 1916 in Karur.The venture started with a seed capital of Rs. 1.00 lakh and has grown into a leading financial institution that offers the wide gamut of financial services to millions of its customers under one roof.

It offers services such as deposit and loan products including home loan, personal loan, auto loan, educational loan, business loan etc. The bank offers all types of general insurance policies through a tie-up with M/s Bajaj Allianz General Insurance Company and offers life insurance policies through a tie-up with M/s Birla Sun Life Insurance Company.  It also offers 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 and many more services.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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