KVB expands presence in Coimbatore & Madurai

Karur Vysya Bank (KVB) has expanded its reach by opening new branches in Seraiyampalayam Road, Neelambur, Coimbatore and Nedungalam Main Road, Chinthamani, Madurai. The Coimbatore branch was inaugurated by Smt. R. Vijiyalaxmy B.A.BL., Deputy Commissioner HR & CE, Coimbatore. While the Madurai branch was inaugurated by Smt. V. Mercy Jeyarani M.Sc (Agri), Deputy Director, Agri Marketing Dept, along with Dr. V. Dhanalakshmi M.D, Director, Institute of Microbiology Madurai Medical College, Madurai. An ATM was also inaugurated in the Madurai branch premises by Mr. M. Manikandan M/s. Sri Sastha Appalam & Traders, Chinthamani, Madurai. With this expansion, the bank now has a total of 894 branches across the country.

The new branch will offer a comprehensive range of banking services like accounts, deposits and loans, including savings and current accounts and it will cater to all basic banking transactions and specific needs of customers, offering an entire spectrum of banking products and financial services covering retail, institutional and consumer lending.

Speaking on the branch expansion, Shri Ramesh Babu, Managing Director & CEO, Karur Vysya Bank, said, "Our bank is committed to expanding its presence across all growing centres in India, and this new branch openings is a part of our strategic expansion plans. With our deep-rooted legacy of over 100 years, we have been aggressively working towards providing our customers with traditional banking solutions along with digital comfort. KVB has multiple branches across Coimbatore and Madurai, and these new branches is a testament of our efforts to strengthen our presence in the regions by offering better access and hassle-free convenience to customers."

KVB offers internet banking and mobile banking facilities. KVB DLite, the Mobile Banking app of the bank, offers convenience of financial and non-financial services through 150+ features. The app has been recently upgraded with several customer friendly features.

The bank also inaugurated another branch in Vizag.

Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 205.55 as compared to the previous close of Rs. 206.20. The total number of shares traded during the day was 62487 in over 1133 trades.

The stock hit an intraday high of Rs. 207.45 and intraday low of 203.50. The net turnover during the day was Rs. 12856673.00.

Source : Equity Bulls

Keywords

KarurVysyaBank INE036D01028 KVB NewBranches Coimbatore Madurai