KVB Full Form
by Yogi P - August 23, 2023
What is the full form of KVB?
Full form of KVB is the Karur Vysya Bank.
What is KVB?
KVB stands for Karur Vysya Bank, a renowned Scheduled Commercial Bank in India. Founded in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar, its main office is in Karur, Tamil Nadu. This bank has notably reached a century of service.
Key Highlights about KVB:
- Origins: Established on 25 July 1917, KVB was created to support the underrepresented traders and farmers in Karur and nearby regions of Tamil Nadu.
- Initial Funding: The bank commenced its operations with a seed capital of 1 lakh, which has grown significantly over the years.
- Expansion: Recognizing potential growth, KVB expanded beyond Karur. Today, it has 779 branches, 1659 ATMs, and 565 cash deposit machines spread across different states.
- Leadership: The bank’s direction and strategies are decided by its Board of Directors. Shri K.K. Balu joined as an Additional Director on 27 January 2012.
Services Offered by KVB:
- Corporate Banking: KVB provides multiple services in this domain, including corporate loans, multicity current accounts, Demat accounts, and general insurance.
- Personal Banking: Here, KVB offers a wide range of products such as housing loans, personal loans, insurance, and fixed deposits.
- Agricultural Banking: KVB supports the agricultural sector with schemes like Happy Kisan, Green Harvester, and Green Trac.
- MSME Services: For the MSME sector, they have offerings like the KVB MSME Term Loan, KVB MSME Standby Term Loan, KVB MSME Cash, and KVB MSME Vendor Bill Discounting.
Authenticated resource of this informations: Official website of Karur Vysya Bank at https://www.kvb.co.in/
