Company History - Karur Vysya Bank
1916 - The Bank was incorporated at Karur, Tamil Nadu State. The
is engaged in Bank Transacts and all kinds of banking
1964 - The Bank took over the assets and liabilities of the Pathenen
Gram Vasishya Bank Ltd., Salem, Shri Kannika Parameshwari
Ltd. (4 branches) and Arya Visya Bank Ltd. (14 branches). It
also decided to take over the assets and liabilities of the
Coimbatore Bhagya Lakshmi Bank Ltd.
1982 - 40,000 right shares issued at par in prop. 1:3.
1984 - 40,000 right shares issued at par in prop. 1:4.
1987 - 2,50,000 No. of equity shares issued at par in prop. 1:2.
1988 - 2,50,000 No. of equity shares issued at par in prop. 1:3.
1990 - 5,00,000 No. of equity shares issued at par as rights in
1991 - 5,00,000 No. of equity shares issued at par in rights in
1993 - 45,000 Bonus equity shares issued in prop. 1:1.
1994 - 20,00,000 bonus shares issued in prop. 1:1.
2002-Karur Vysya Bank Ltd has informed that the Chairman and Chief
Executive Officer of the Bank A D Navaneethan has laid down of office
after the close of office hours on May 31, 2002. In terms of the
approval of Reserve Bank of India, P T Kuppuswamy has assumed the
charge as Chairman and Chief Executive Officer of the Bank on June
01, 2002 and he would hold the office for a period of 3 years.
-KVB ties up with UTI to unveil a shared ATM network across the
-Shri G Sarangan gives his resignation as the Director of the Bank.
-Mr. K S Ramabadran and Mr. M K Venkatesan have been appointed as
Directors w.e.f. November 26, 2003.
-Shri K P Kumar was appointed as a director of the bank with effect
from December 29, 2003 and the said new Director of the bank is
holding Nil shares of the bank.
-Karur Vysya Bank Ltd has informed that Shri A K Praburaj and Shri G
Venkatesam have resigned as Directors of the Bank with effect from
March 08, 2004 and April 01, 2004 respectively
-Karur Vysya Bank has given the Bonus in the Ratio of 1:2
- Karur Vysya Bank Ltd has appointed Shri A.S. Janarthanan as
Part-time Non-executive Chairman of the Board of Directors for a
period of 2 years.
- Karur Vysya Bank Ltd has appointed Shri. S. Ganapathi Subramanian
as an Additional Director of the Bank.
- Karur Vysya Bank has been conferred the Gold CIO award in the more
than Rs. 1,000-crore category of the Enterprise Connect Awards 2009
instituted by Cybermedia India Online-Dataquest and the award was
received by S. Sekhar, CIO of the bank, at a function organized in
Mumbai on August 28.
- Karur Vysya Bank Ltd has set up its branch in Himayat Nagar in
Hyderabad. With this, the total number of branches of the bank has
reached 320 across the country. The bank would be opening two more
branches in Meerut and Dharmapuri soon.
- Karur Vysya Bank (KVB) will be adding five new branches to its
existing network of 68 branches in Andhra Pradesh.
- Karur Vysya Bank has announced setting up of its 323 rd branch at
Amalapuram, East Godavari district on Feb 19.
- Karur Vysya Bank has joined hands with Reliance Money Express Ltd,
an Anil Dhirubhai Ambani Group company. The arrangement is expected
to enable not just the customers of KVB but also the general public
receive funds from anywhere across the globe through the branches of
- Karur Vysya Bank Limited has informed that Shri G. Rajasekaran has
been co-opted as an Additional Director of the Bank in the Board
Meeting held on June 20, 2010. In terms of SEBI (Prohibition of
Insider trading) Regulations 1992, Regulation 13(2), regarding
Initial Disclosure of holding of shares by Director, the Bank has
informed that Shri G. Rajasekaran, Additional Director of the bank is
holding 1,26,529 equity shares in the bank.
- Karur Vysya Bank has given the Bonus in the Ratio of 2:5
-KVB has been recognized as The Best Small Bank and The Fastest
Growing Small Bank usiness World in their evaluation of the Best
Banks of 2011.
-KVB has appointed Shri. K Venkataraman as the Managing Director &
Chief Executive Officer of the Bank.
-Karur Vysya Bank Ltd Issues Rights in the Ratio of 2:5
-Karur Vysya Bank Ltd hasopening the 501st branch at the following
address : (1) Address of the Branch - No.471 Salem Main Road, Chinna
Salem, Kallakurichi Taluk, Villupuram Dist 606201; Date of Opening -
December 26, 2012.
-KVB has been ranked as the Best Private Sector Bank at the Bloomberg
- UTV Financial
Leadership Awards, 2012.
-KVB have been selected by Institute for Development and Research in
Banking Technology (IDRBT) an RBI wing for their Annual Technology
Excellence Awards 2011.
-Karur Vysya Bank has opened the branch on December 30, 2013. The
Karur Vysya Bank Ltd, No.19A West Street, Thiruvidaimarudur,
Thanjavur Dist 612104.
-Karur Vysya Bank has opened the branch on April 12, 2013 at Raj
Bhagya D No. 86-8-12, Tilak Road, Rajahmundry 533103, East Godavari
-Karur Vysya Bank has launched its first ultra small branch at
Balarajapuram village in Karur district.
-Karur Vysya Bank in association with Bajaj Allianz General Insurance
Company propose to launch the Co Branded Health Card formally on
January 03, 2014 at the Banks Central Office, Karur.
-Karur Vysya Bank has opened new branch in Singampuneri.
-Karur Vysya Bank Ltd. is opening of Branch at Kilpauk
-Karur Vysya Bank Ltd is opening the following branch : Besant Nagar,
-Karur Vysya Bank Ltd. has informed that the Bank is opening the
Branches at 1. Chimakurthy (Mandal), Prakasam District, 2.
Gujjanagundla, 3. Coimbatore.
-Karur Vysya Bank Ltd. is opening branch at Naidupeta.
-Karur Vysya Bank launches 3 technology services.
-Karur Vysya Bank Ltd. has opened its new Branch at Konalur.
-Karur Vysya Bank Ltd. has opened its new Branch at Alathur.
-Karur Vysya Bank inaugurates AADHAAR enrolment centre.