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  #1  
January 25th, 2018, 08:53 AM
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Is Karur Vysya Bank A Scheduled Bank

Hi buddy I want to know Is Karur Vysya Bank A Scheduled Bank or not , as my father want to know about the same for account opening purpose there ??
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  #2  
January 25th, 2018, 08:53 AM
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Join Date: Mar 2012
Re: Is Karur Vysya Bank A Scheduled Bank

Karur Vysya Bank is an Indian old private-sector bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.

Yes Karur Vysya Bank Is A Scheduled Bank, In India, A scheduled bank refers to a bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934. Banks not under this Schedule are called non-scheduled banks. Scheduled banks are usually private, foreign and nationalised banks operating in India.

Bank profile:


Type Private

Traded as BSE: 590003

NSE: KARURVYSYA

Industry Banking

Financial services

Founded 1916

Headquarters Karur, Tamil Nadu, India

Key people B.Swaminathan

(Chairman)

Products Consumer banking, Corporate banking, Finance and Insurance, Investment
banking, Mortgage loans, Private banking, Wealth management, Credit Cards

Revenue 5,443.41 crore (US$850 million) (2016)

Operating income 1,235.42 crore (US$190 million) (2016)

Net income 567.63 crore (US$89 million) (2016)

Total assets 57,663.72 crore (US$9.0 billion) (2016)

Number of employees 7,211 (2016)

Capital ratio 11.79%


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