#1
October 10th, 2016, 03:47 PM
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Karur Vysya Bank Fundamentals
Can you tell me about the mission and vision of Karur Vysya Bank Limited? Also tell me about the Recognitions received by Karur Vysya Bank Limited?
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#2
October 10th, 2016, 04:23 PM
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Re: Karur Vysya Bank Fundamentals
The Karur Vysya Bank Limited was set up in 1916 by two great visionaries and illustrious sons of Karur, the Late Shri M A Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to instill the habit of savings and provide financial assistance to traders and small agriculturists in and around Karur in Tamil Nadu. It has consistently maintained strong fundamentals with a higher percentage of Capital Adequacy Ratio than mandated by the RBI. It has also been generating profits and rewarding its stakeholders with handsome dividends since inception. Its vision is to delight customers continually by blending tradition with technology to deliver innovative products and services at affordable rates through a pan India branch network. Its mission is to adapt technology to introduce innovative products and services and increase the value of products on an on-going basis and provide at reasonable rates; expand branch network to reach the top business centers, besides no banked and under banked areas in India; reinforce the financials through effective use of funds and ensure financial regulation while stick on to the regulator's guidelines and update the knowledge and skills of the human capital to provide excellence customer support. Recognitions Best Small Bank award given by Business World Magna Awards 2014 recognizing Banking excellence The Sunday Standard Best Bankers' Awards 2013 awarded the Best Banker Growth Mid-Sized award to KVB State Forum of Banker's Club, Kerala Excellence Awards 2014 selected it as 3rd best bank among private sector banks at national level Institute of Public Enterprises (IPE) – BFSI- awarded "Best Bank in Private Sector" in June 2013 Kompella Portfolio Investment Advice Magazine, Hyderabad recognized it as the "Top Bank in the Old Private Sector" and “Third Best Bank of the Quarter" among public sector, old private sector and new private sector banks for the quarter ended 30.06.2013 Best Bank award among small Banks by IDBRT for “Banking Technology (Electronic Payment Systems)" for the year 2012-13 In the NSDL Star Performer Awards 2013, it bagged "Top Performer in New Accounts opened (Bank Category)" It was ranked 188th among India's Most Valuable Top 500 companies based on Market Capitalization as per November 2013 issue of Business Today Fortune India December 2013 publication listed it as 227th Company under Top 500 Companies in India |
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