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Karur Vysya Bank MSME Loans

Karur Vysya Bank MSME Loans

 

KARUR VYSYA BANK 

Karur Vysya Bank, a leading private sector Bank founded in the year 1916, by two visionaries – the Late Sri M. A. Venkatarama Chettiar and the Late Sri Athi Krishna Chettiar –is celebrating its centenary year.

With a total branch network of 656, of which 553 are located in the South, the bank has a strong presence in urban, semi- urban and rural centres. The south based branches contribute nearly 75% of the total business of the bank. The CD ratio is at a Even as the bank is spreading its wings to have pan India presence, significant number of the proposed branches will continue to be added in the South.

Redrawing its business strategy, KVB will now be positioned as aspecialized SME Bank to make it unique and first of its kind in the industry dedicated to the sector with new tailormade products catering to different types of industries in the SME sector. Focus will also continue on the retail segment.

On the occasion of the launch of its Centenary Celebrations, the Bank unveiled 18 new products and services. Significant products launched include KVB Commodity Plus, for dealers of pulses, cereals, spices and edible oils, KVB Food & Agro Plus for units engaged in the processing of food and agro products, KVB Construction Plus, for dealers of construction materials and KVB MSME Easy Loan for units with turnover of less than Rs. 100 lakhs engaged in manufacturing or service for the trading and SME sectors, KVB Centenary Cash Certificate with tenure of 50 or 100 months with higher yield and PA Cover, Cash Management Solution and Supply Chain Finance and KVB Centenary Prepaid Card, which is a reloadable prepaid card.

The bank has also introduced EBook, aMobile App to enable the customers to manage their accounts.

With rate cuts looming on the horizon, market conditions are likely to be favourable for the bank in terms of credit off take.

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