Karur Vysya Bank Establishes Divisional Office in Tiruppur to Boost MSME and Textile Financing
Karur Vysya Bank (KVB) has expanded its operational footprint by inaugurating a new divisional office in Tiruppur. This strategic development aims to empower the bank's administrative and credit functions, reinforcing the bank's commitment to the industrial growth of "India's Knitting City."The establishment of the divisional office is a direct response to the increasing economic activity in Tiruppur. As a global hub for textiles and exports, the region is home to thousands of MSMEs that require specialized financial expertise and rapid credit intervention. Currently, Karur Vysya Bank operates 37 branches within the Tiruppur region. By elevating its presence to a divisional level, KVB is stationing senior leadership and dedicated experts on-site to ensure local entrepreneurs, exporters, and those in the garment and textile manufacturing sectors benefit from significantly faster processing of business loans and financial solutions.
Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, emphasized the strategic importance of this move. He stated that Tiruppur is a vital engine of India's export economy. Upgrading the presence to a divisional office will position the bank's administrative and credit sanctioning teams in immediate proximity to customers, facilitating swifter turnaround times for credit proposals and providing localized, high-touch assistance.
Through this new infrastructure, KVB continues to enhance local access to a comprehensive suite of corporate, MSME, and trade finance services, complementing the bank’s 110-year legacy and modern commercial agility.
Snapshot of Karur Vysya Bank
Founded in 1916, Karur Vysya Bank is a leading private sector bank in India. The bank currently maintains a network of 902 branches and over 2,228 ATMs and cash recyclers.The bank’s financial performance and size metrics, as recorded on 31.12.2025, are detailed below:
| Metric | Figure |
|---|---|
| Total Business | Rs. 2,11,647 crores |
| Deposits | Rs. 1,14,595 crores |
| Advances | Rs. 97,052 crores |
| Net Profit (Q3 FY26) | Rs. 690 crores |
| Net NPA | 0.19% |
KARURVYSYA Stock Price Movement
Today, Karur Vysya Bank Limited shares edged higher to close at ₹297.8, marking a gain of 1.00% for the day. The equity saw notable trading interest, settling on a total traded volume of 1.65 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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