Karur Vysya Bank Expands Network with 4 New Branches in TN
ECONOMY & POLICY

Karur Vysya Bank Expands Network with 4 New Branches in TN

Karur Vysya Bank, a private sector lender, has strengthened its presence in Tamil Nadu by inaugurating four new branches, raising its total branch count to 862. The bank had already launched 24 new branches in the current financial year.

The newly inaugurated branches are located in Madurai, Tiruppur, Krishnagiri, and Chennai, the bank announced in a press release on Sunday. These branches will cater to a wide range of banking services, from basic transactions to specialized financial needs.

As of September 30, 2024, Karur Vysya Bank reported a total business of ?1,76,138 crore and a net profit of ?932 crore. Its non-performing assets stood at a mere 0.28%, indicating a healthy financial position.

The bank’s strategy of expanding its branch network aligns with its goal of improving access to financial services for its customers across Tamil Nadu, while also ensuring solid growth in business and profitability.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Karur Vysya Bank, a private sector lender, has strengthened its presence in Tamil Nadu by inaugurating four new branches, raising its total branch count to 862. The bank had already launched 24 new branches in the current financial year. The newly inaugurated branches are located in Madurai, Tiruppur, Krishnagiri, and Chennai, the bank announced in a press release on Sunday. These branches will cater to a wide range of banking services, from basic transactions to specialized financial needs. As of September 30, 2024, Karur Vysya Bank reported a total business of ?1,76,138 crore and a net profit of ?932 crore. Its non-performing assets stood at a mere 0.28%, indicating a healthy financial position. The bank’s strategy of expanding its branch network aligns with its goal of improving access to financial services for its customers across Tamil Nadu, while also ensuring solid growth in business and profitability.

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?