What is the full form of KVB?

The full form of KVB is the Karur Vysya Bank. KVB is a Scheduled Commercial Bank in India. One of the top banks in India with a century of experience, it has its headquarters in Karur, Tamil Nadu. It was organised by M. in 1916. A. Venkatarama Chettiar as well as Athi Krishna’s Chettiar.

The financial institution mostly operates in the retail banking, corporate, or wholesale banking segments. The bank had 779 branches as of March 31, 2020, as well as a network of 1659 ATMs and roughly 565 cash deposit machines.

A brief history of KVB

• Mr M. A. Venkatarama Chettiar and Mr Athi Krishna Chettiar established the KVB on July 25, 1917, to enhance the already underdeveloped trade and agricultural sectors in and around the Tamil Nadu town of Karur.
• The bank started off with roughly Rs. 1 lakh in initial funds. As the bank and other banks developed, so did the services offered.
• The bank is governed and managed by a board of directors, who are recruited from a variety of professions.
• In order to establish a pan-Indian presence and after realising there was more money in the world, the bank built approximately 668 subsidiaries outside of Karur in various states and union territories.
• Shri K.K. Balu was appointed as the Bank’s Additional Director on January 27, 2012.

Services offered by KVB

Services offered by KVB are listed below.

• Corporate banking

Under corporate banking, KVB provides services such as corporate loans, multicity current accounts, Demat accounts, and general insurance, among others.

• Personal Banking

The bank provides house loans, personal loans, and a variety of other products for personal banking, such as insurance and fixed deposits.

• Agricultural banking

The agricultural banking programmes offered by KVB include Green Harvester, Green Trac, and KVB Happy Kisan.

• MSME

KVB MSME Term Loan, KVB MSME Standby Term Loan, KVB MSME Cash, and KVB MSME Vendor Bill Discounting are just a few of the services the bank provides for MSME.