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Karur Vysya Bank has inaugurated 6 new branches in Tamil Nadu and Andhra Pradesh, expanding its network to 877 branches following the addition of 35 branches this financial year. These branches will offer a full range of banking services, including accounts, deposits, and loans. The new outlets aim to cater to the diverse needs of customers across retail, institutional, and consumer lending.
KVB continues to strengthen its positioning, supported by solid financials, with total business reaching ₹1,81,993 Cr. as of December 31, 2024. The bank has a deposit base of ₹99,155 Cr. and advances of ₹82,838 Cr. Recently, KVB reported a record net profit of ₹1,605 Cr. for the last financial year, and a net profit of ₹1,428 Cr. for the nine months of the current fiscal, with a low net NPA of 0.20%. This expansion reinforces a positive outlook for further growth and customer engagement.