Karur Vysya Bank Opens 903th Branch in Chennai, Strengthens South Indian Footprint
Chennai, June 4, 2026: Karur Vysya Bank (KVB) has expanded its reach across Tamil Nadu with the inauguration of a new branch in Villivakkam, Chennai. The opening marks the bank's 903rd branch nationwide.The new branch, located at No. 12/4, Sidco Nagar, Villivakkam, was officially inaugurated by Dr. M. S. Shanmugam, Principal Secretary / Commissioner of Tourism & Managing Director of TTDC. Dr. Vasantha Gowri, Trustee of KRM Group of Schools, performed the ceremonial lamp lighting to mark the auspicious occasion.
Shri Ramesh Babu, Managing Director and CEO of Karur Vysya Bank, commented on the expansion, stating that the Villivakkam branch brings modern banking services closer to residents in Villivakkam and surrounding areas of north Chennai. He emphasized that Tamil Nadu remains central to KVB's growth strategy. "KVB is committed to supporting residents, entrepreneurs, and traders through tailored working capital solutions, trade finance, and digital payment tools," Babu said.
The new strategic location aims to enhance access to financial services for local businesses, professionals, and residents of Sidco Nagar, thereby supporting long-term regional development. KVB provides comprehensive banking services at the branch, including internet and mobile banking. The bank also offers its DLite mobile application, which boasts over 150 financial and non-financial features following recent customer-friendly enhancements.
Karur Vysya Bank is a prominent private sector institution founded in 1916, specializing in retail, MSME, and agricultural banking segments across India. As of March 31, 2026, the bank's total business stood at ₹2,14,420 crore, comprising deposits totaling ₹1,15,666 crore and advances amounting to ₹98,754 crore. The institution reported its highest annual net profit of ₹2,510 crore for FY26. KVB operates through a network of 903 branches and more than 2,228 ATMs and cash recyclers nationwide.
KARURVYSYA Stock Price Movement
Shares of Karur Vysya Bank Limited settled lower in the post-market session, shedding 1.76% to close at ₹283.95 after trading a challenging day. The equity finished near its low for the day and saw approximately two million shares changing hands during the selling period.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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