KVB opens 3 new branches

Chennai: Private sector Karur Vysya Bank inaugurated four branches in south India to strengthen its footprint across the country, an official statement said on Sunday, adding that this expands their network to 831 branches across India.

The Tamil Nadu-based bank recently inaugurated one branch in Bengaluru apart from one each in Vellore, Thiruvennainallur and Marakkanam in the state. As of September 30 this year, the bank’s total business was Rs 1.53 lakh crore, net profit was Rs 737 crore and net Non-Performing Assets (NPA) were at 0.47 per cent, the release said. The bank said it has built its financials focusing on three pillars of growth, profitability and asset quality.