Date: June 04, 2026
Strategic Initiative: Branch Expansion
Karur Vysya Bank has opened a new branch in Villivakkam, Chennai, marking the Bank's 903rd branch nationwide. The branch is located at No. 12/4, Sidco Nagar, Villivakkam, and was inaugurated by Dr. M. S. Shanmugam, I.A.S, Principal Secretary / Commissioner of Tourism & Managing Director - TTDC. Dr. Vasantha Gowri, Trustee of KRM Group of Schools, Chennai, lit the ceremonial Gayatri lamp.
Management Commentary
Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, stated: "The opening of our Villivakkam branch brings modern banking closer to the people of Villivakkam and the surrounding areas of north Chennai. Tamil Nadu remains central to our growth, and Villivakkam, with its dense residential community, is a natural step in that expansion. KVB is committed to supporting residents, entrepreneurs, and traders through tailored working capital solutions, trade finance, and digital payment tools."
Strategic Location and Services
The branch is strategically located to serve the residential and commercial neighbourhoods of Sidco Nagar. It will provide comprehensive digital banking services including internet and mobile banking. KVB DLite, the Bank's mobile banking application, offers over 150 financial and non-financial features with recent customer-friendly enhancements.
Company Business Metrics
As of March 31, 2026, Karur Vysya Bank reported:
- Total business: ₹2,14,420 crore
- Deposits: ₹1,15,666 crore
- Advances: ₹98,754 crore
- Highest-ever annual net profit: ₹2,510 crore for FY26
- Network: 903 branches and over 2,228 ATMs and cash recyclers nationwide
About the Bank
Founded in 1916, Karur Vysya Bank is one of India's leading private sector banks with a strong presence across retail, MSME and agricultural banking segments.