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Karur Vysya Bank Ltd. Company History and Annual Growth Details

YEAR EVENTS
1916 - The Bank was incorporated at Karur, Tamil Nadu State. The Bank
is engaged in Bank Transacts and all kinds of banking business.

1964 - The Bank took over the assets and liabilities of the Pathenen
Gram Vasishya Bank Ltd., Salem, Shri Kannika Parameshwari Bank
Ltd. (4 branches) and Arya Visya Bank Ltd. (14 branches). It was
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 prop.
1:2.

1991 - 5,00,000 No. of equity shares issued at par in rights in prop.
1:3.

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.

2003

-KVB ties up with UTI to unveil a shared ATM network across the country.

-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.

2004

-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.

2004

-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

2006

-Karur Vysya Bank has given the Bonus in the Ratio of 1:2

2008

- 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.

2009

- 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.

2010

- 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 KVB.

- 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

2011
-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

2012
-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.

2013
-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 Dist.
-Karur Vysya Bank has launched its first ultra small branch at Balarajapuram village in Karur district.

2014
-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.

2015
-Karur Vysya Bank Ltd. is opening of Branch at Kilpauk

2016
-Karur Vysya Bank Ltd is opening the following branch : Besant Nagar, Chennia-600090
-Karur Vysya Bank Ltd. has informed that the Bank is opening the Branches at 1. Chimakurthy (Mandal), Prakasam District, 2. Gujjanagundla, 3. Coimbatore.

2017
-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.

2018

- Karur Vysya Bank Limited has informed that allotment of 72663937 securities pursuant to Bonus at its meeting held on August 20, 2018

-Karur Vysya Bank said it has entered into a bancassurance partnership with Aditya Birla Health to provide insurance services to customers,

2019

-Karur Vysya Bank on Thursday partnered with Home Credit India, a local arm of the international consumer finance provider with operations spanning over Europe and Asia, for joint lending.

2021

-The Banker , London ranks KVB among top 1000 World Banks
-KVB ranked as most efficient Mid sized bank

2022
-Karur Vysya Bank wins two MSME Awards.

2023
-Karur Vysya Bank intimate regarding execution of agreement with Geojit Financial Services Ltd. for empanelment as channel partner in offering wealth management Products.

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