Karur Vysya Bank (KVB) has inaugurated a new branch in Pallikaranai, Chennai, expanding its network to 895 branches across India. The new branch will offer a comprehensive range of banking services. The bank reported a total business of ₹1,96,024 cr. as of June 30, 2025, with net profit for Q1FY26 at ₹521 crores. The bank’s net NPA was reported at 0.19%.
Branch Expansion in Chennai
Karur Vysya Bank (KVB) has announced the opening of a new branch in Pallikaranai, Chennai. This expansion increases KVB’s presence to a total of 895 branches nationwide, reinforcing its commitment to expanding its footprint in growing centers across India. The inauguration ceremony took place on September 29, 2025.
Services Offered
The new branch will offer a wide array of banking services, including savings and current accounts, deposits, and loans. It aims to serve the diverse needs of customers, providing a comprehensive suite of financial products and services catering to retail, institutional, and consumer lending.
Executive Commentary
Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, commented on the expansion, stating the bank’s commitment to expanding its presence across all growing centers in India. He highlighted the opening of the new branch in Chennai as a milestone in the bank’s commitment to building its network and serving its customers.
Financial Highlights
As of June 30, 2025, KVB reported a total business of ₹1,96,024 cr, with deposits amounting to ₹1,06,650 cr and advances at ₹89,374 cr. The bank’s net profit for Q1FY26 stood at ₹521 crores, with a Net NPA of 0.19%.
Digital Banking
KVB offers various digital banking facilities, including internet banking and the KVB DLite mobile banking app, which provides access to over 150 financial and non-financial services.
Source: BSE
