Company Profile
The Karur Vysya Bank provides various banking and financial services for personal and corporate customers in India. Its business is organized into Treasury, Corporate/Wholesale Banking, Retail Banking, and Banking Operations segments.
The Treasury segment offers investments in Central and State Government securities, debt instruments of banks, FIs, insurance companies, PSUs and corporates, certificates of deposits, equity shares, mutual funds, and security receipts
Forward contracts, derivatives and foreign exchange operations on proprietary accounts and for customers, including trading in these instruments borrowing and lending operations.
The Corporate/Wholesale Banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies. The Retail Banking segment comprises the lending of funds and banking services to any legal person, including small business customers.
The Other Banking Operations include bancassurance, third-party product distribution, demat services and banking transactions, as well as deposits in RIDF and MSME funds, as well as prepaid instruments including gift, forex, travel, and re-loadable cards.
Its portfolio also includes life, non-life, and health insurance products, savings and current accounts, recurring and tax-saving deposits, personal, home, vehicle, and educational loans
Business loans, digital products, locker facilities, social security schemes, and government sponsored schemes. Additionally, it offers investment and payment collection and transaction banking services.
Its portfolio also includes FCNR, NRE, and NRO deposits, mortgage and jewel loans and loans against deposits, remittance services, and Internet and mobile banking services a range of products for the agricultural sector. Incorporated in 1916, The Karur Vysya Bank is headquartered in Karur, India.