Karur Vysya Bank opens its 840th Branch at Ayodhya

India, May 22, 2024: Karur Vysya Bank (KVB) inaugurated a brand new department at Ayodhya at the moment. This is the 840^th Branch of the Bank.

Dr. Meena Hemchandra, Chairperson, Karur Vysya Bank inaugurated the Branch.

Ayodhya is the 7^th Branch of the Bank in Uttar Pradesh and the 35^th Branch within the Delhi Division of the Bank.

The new department is positioned at Old No. 5/3/5, New No. 5/13/9, Swami Dayanand Marg, Rampath, Ayodhya – 224 001. The department will present the entire vary of banking companies that embody retail and industrial banking merchandise, insurance coverage merchandise via third celebration tie-ups, and so forth. The department has been supplied with an ATM, Cash Deposit Machine and Passbook printer for the comfort of its prospects.

Speaking on the event, Mr. B Ramesh Babu, MD & CEO of the Bank stated “The Bank had opened 39 new branches throughout FY 2024 and proposes so as to add about 100 new branches throughout the nation throughout the present monetary 12 months. The Bank posted the very best ever annual Net Profit of Rs. 1605 cr. over the last monetary 12 months. The Net NPA of the Bank stood at 0.40%. The Bank continues its robust progress momentum, consistency in Asset high quality and profitability.”

Shri B Ramesh Babu, MD & CEO, Sarvashri Ok S Ravichandran, R Ramkumar, Ok G Mohan, Murali Ramaswamy and R Vidhya Shankar, Directors of the Bank and different senior executives have been current on the event.