Karur Vysya Bank Expands Branch Network in TN & AP
Feb 04, 2024 14:52
Karur Vysya Bank opens new branches in Tamil Nadu and Andhra Pradesh, expanding its reach to 834 branches. The bank also reported strong financial results for the quarter ending December 2023.
Chennai, Feb 4 (PTI) Private sector Karur Vysya Bank has strengthened its presence with the inauguration of new branches in Tamil Nadu and Andhra Pradesh.
The Karur-based bank inaugurated new branches in Usilampatti, Madurai, and Mathur near Chennai, respectively. Another branch was set up at Atmakur, Nandayal district, Andhra Pradesh, a press release said today.
With the inauguration of new branches, the total branch network has increased to 834, it added.
The bank reported a total business of Rs 1,58,357 crore as of December 31, 2023. The lender which has built its financials around growth, profitability, and asset quality, reported a net profit for the October-December 2023 quarter at Rs 412 crore.
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