Karur Vysya Bank inaugurates its 800th Branch in Chennai today

Karur Vysya Bank today inaugurated its 800th Branch at New No. 60 / Old No. 45, First Avenue, F Block, Anna Nagar East, Chennai - 600 102. The Branch and ATM were inaugurated by Sri Gopal Srinivasan, Chairman & MD, TVS Capital Funds (P) Limited in the presence of Sri B Ramesh Babu, MD & CEO of the Bank.

The Bank also inaugurated its first Digital Banking Unit (DBU) at 3A, Aavin Illam, Pasumpon Muthuramalingam Salai, Nandanam, Chennai - 600 035. The DBU was inaugurated by Dr. S. Vineeth, IAS, Managing Director, Aavin. The Branch works entirely on digital mode. Customers can open their savings accounts, complete e-kyc, get their welcome kit with debit card and apply for retail loans. The customers can also undertake other transactions like opening term deposits, transfer funds, etc. The branch will also have an e-lobby with ATM, CDM and pass book printer.

Sri B Ramesh Babu, MD & CEO, Karur Vysya Bank said "We are delighted to inaugurate our 800th branch and other new branches today, which will provide our customers improved access and proximity to the bank's services. The Digital Banking Unit is yet another initiative that will not only enhance customer experience but will also be environment friendly which is a core focus area of the bank's CSR & ESG initiatives."

The Bank also inaugurated new branches at 8 other centres; 6 in Tamil Nadu viz., Vilathikulam, Madambakkam, Parangipettai, Pudukottai North, Kachirapalayam, Veeraganur, Gadwal in Telangana and Sattenapalle in Andhra Pradesh.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 123.70 as compared to the previous close of Rs. 127.75. The total number of shares traded during the day was 337002 in over 4169 trades.

The stock hit an intraday high of Rs. 129.55 and intraday low of 122.35. The net turnover during the day was Rs. 42323393.00.

Source : Equity Bulls

Keywords

KarurVysyaBank INE036D01028 KVB 800thBranch AnnaNagarEast Chennai