Karur Vysya Bank Company Profile: Products, Promoter and Clients

Karur Vysya Bank Company Description:

Karur Vysya Bank( KVB), established in 1916, is a prominent fiscal institution in India known for its comprehensive range of banking services. With a strong emphasis on invention in banking technology and a robust client base, KVB operates an expansive network of branches nationwide, serving to both individual and commercial guests.

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Q1. What are the Product and service offerings of the company?

Retail Banking: KVB offers a variety of retail banking products including savings and current accounts, fixed and recurring deposits, personal, home, car, and education loans, credit cards, insurance, investment products, and digital banking services accessible via the D-Lite Mobile App. These services encompass online gold loans, pre-approved loans, bill payments, and e-statements.

Corporate Banking: The bank provides corporate clients with standard corporate advances, consortium and sole banking services, structured finance, trade finance, and comprehensive cash management services.

Treasury Operations: KVB engages in treasury operations that involve investment portfolio management, forex and derivatives trading, and trading in government securities.

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Q2. Who are the Promoters/Management of the company?

Shri B Ramesh Babu, presently the Managing Director and Chief Executive Officer, brings over four decades of different banking experience and strategic accumen to his part. He holds apost-graduate degree in Commerce from Andhra University, Waltair, and is a pukka Associate of the Indian Institute of Bankers(C.A.I.I.B.). Prior to joining his current position in July 2020, he served asEx-Deputy Managing Director & Chief Operating Officer at State Bank of India, overseeing retail banking operations across a vast network. His moxie includes transnational factoring, payment systems operation, and strategic mortal resource enterprise, contributing significantly to organizational success and client service excellence.

Shri J Natarajan, M.A. (Economics), C.A., Executive Director at Karur Vysya Bank since May 22, 2024. With over four decades of experience, he joined as a Trainee in 1982 and rose to roles including General Manager, Chief General Manager, and President. His expertise spans Economics, Banking, Finance, Treasury Operations, Strategic Planning, HR, IT, Fintech, and Risk Management. He led significant initiatives like core banking implementation, digital transformation, and operational efficiency enhancements including setting up centralized centers for operations and expenses management.

Q3. Who are the Clients of the company?

In FY24, Karur Vysya Bank (KVB) demonstrated a diversified sectoral composition in its advances portfolio, underscoring its support across various industries: Manufacturing accounted for 23% of the advances, trading 13%, commercial real estate 7%, agriculture and bills each 2%, non-banking financial companies (NBFCs) 4%, infrastructure 14%, textiles 29%, iron and steel 6%, food processing 13%, chemicals and products 3%, paper and wood products 5%, all engineering 9%, mining and quarrying 4%, gems and jewellery 10%, and others 7%.

Written By:Khush Kothari

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