Particulars |
2003-04 |
2003-04 |
As on 30.09.2005 |
| Deposits |
5911.48s |
6672.19 |
6544.53 |
| Advances |
4101.15 |
4741.01 |
4851.02 |
| Net Profit |
161.05 |
105.34 |
65.12 |
| Capital funds |
712.03 |
760.88 |
826.00 |
Earning per share |
Rs.156.28 |
Rs.89.58 |
Rs.36.22 |
| Book Value |
Rs.340.45 |
Rs.396.05 |
Rs.459.42 |
| Capital adequacy |
17.01% |
17.11% |
16.83% |
NPA position :
Our net NPA as a percentage of net advances stood at 1.36 % as on 30.09.2005, (which is one of the lowest in the industry) as against 2.16 % a year ago. .
Technological Up gradation :
Undoubtedly banking has become a technology driven industry. Customers now prefer a tech-savvy bank. In order to measure upto such expectations, KVB has invested heavily on the technological front and has now achieved 100% networking of branches under Core Banking Solution. We are the fifth Bank in the country to do so, but the first to provide multiple delivery channels. This will enable us to provide quality service to the customers besides improving volumes.
Our technological achievements as on 30.09.05 :
- Core banking implemented at all the 233 branches by which customers can
operate their accounts from any of our branches.
- We provide various technology-based services at an affordable price.
- 165 own ATMs nation wide. Access to over 13,000 ATMs through MITR/NFS/VISA
tieups.
- Cardholders on the VISA platform can now access KVB ATMs.
- VISA Debit Card access world wide.
- RTGS implemented at all branches.
- Internet Banking.
ATM :
24 Hour Karur Vysya Bank ATM is available inside the campus, which has partnership with Visa, UTI and other leading Credit/Debit cards.
New Products and Services launched by the Bank :
The bank has launched Multi – City Gold account facility to its customers.
KVB’s ATMs provide mobile top-up service to customers by which pre-paid cell
phones can be recharged.
The bank has introduced internet banking from 21.07.05
Deposit Products :
Our deposit products are well designed to offer maximum benefits to the investing
community. Our deposit schemes are launched keeping in view the following objectives.
- Long-term re-investment scheme for meeting marriage /educational expenses of children.
- Savings Bank account with sweep-in and sweep-out facility.
- For investing pre-determined amount every month.
- Current accounts with anywhere banking convenience
Loan Products :
We have launched various loan products to cater to the needs of different type of
clients. To name a few,
- To meet the higher educational expenses of student community.
- To meet the travel expenses on foreign tours.
- To meet the working capital requirements of trading community.
- To construct / purchase your dream house
- Loans for doctors and other professionals
- To pay your advance income tax.
- Advance against rent receivables.
- To meet the requirement of agriculturists / farmers
For full details of our various schemes, please visit our website:
Para-banking activities:
Life insurance policies from Birla Sun Life Insurance Company Ltd., and general insurance policies from Bajaj Alliance General Insurance Company Ltd. are being sold through our branches.
The bank has launched KVB Suraksha product on 12.08.05 through a tie-up arrangement with M/s. Bajaj Allianz General Insurance Company. The scheme presents an array of benefits to the policyholders. The coverage includes household contents barring few items, baggage loss, personal accident, medical expenses due to accident, break down of specified home appliances.
Long – term vision:
Our bank has a long-term vision. Our long-term plan is dovetailed to meet the future
needs and expectations of our existing and prospective customers as well. Our priorities are clearly spelt out. Envisioning our bank’s position in the midst of technological changes and stiff competition from other banks is our top priority.
At KVB, we always understand that we cannot rest on past laurels. We are well equipped to face the emerging challenges head-on, in our pursuit to emerge as a top-notch, one-stop, tech-savvy bank.household contents barring few items, baggage loss, personal accident, medical expenses due to accident, break down of specified home appliances.
Our main focus is on customer ecstasy. Backed by a tradition of 89 years, we offer technology backed customer centric products and services at an affordable price. Even though we have embraced global banking standards, we still remain firmly rooted in Indian business culture. For us, technology is only a tool to serve our customers. The personal touch continues to remain as ever.
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