Karur Vysya Bank Expands With Three New Branches In Tamil Nadu, One In Karnataka
The private sector Karur Vysya Bank has launched four branches in southern India to enhance its presence nationwide, as stated in an official announcement on Sunday. This expansion brings their network to a total of 831 branches across India.
The Tamil Nadu-based bank recently opened branches in Bengaluru, Vellore, Thiruvennainallur and Marakkanam. As of 30 September this year, the bank's overall business stood at Rs 1.53 lakh crore, with a net profit of Rs 737 crore and net Non-Performing Assets (NPA) at 0.47 per cent, according to the released statement.
The bank emphasised that it has strategically strengthened its financial position by focusing on three key pillars: growth, profitability and asset quality.
