A recent press report said that the Institute for Development and Research in Banking Technology, Hyderabad, has identified Karur Vysya Bank for the Banking Technology Excellence Award 2010-11, mobile banking category.
KVB’s Managing Director and Chief Executive, Mr. K. Venkataraman, received the award from the Deputy Governor of the Reserve Bank of India, Mr. Anand Sinha, in Hyderabad last week. Bank sources said that for the bank this was the third successive year of the award.
About the Bank
Karur Vysya Bank was started in the year 1916 in Karur, then a small textile town with a vast agricultural background, by two illustrious sons of the soil – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. 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.