Private sector lender, Karur Vysya Bank has laid ambitions of deploying new branches and ATMs across the country in this year. According to Mr. K Venkataraman, Managing Director and Chief Executive Officer of Karur Vysya Bank said that the bank is planning to open 100 new branches and 400 ATMs this fiscal across the country.
Mr. K Venkataraman said, "Our target is to reach 540 branches pan-India by March 2013. This is in line with the long-term goal of achieving a total business of Rs 1, 25,000 crore by 2016, when the bank celebrates its centenary."
The business of the bank has expanded over Rs 59000 crore with a deposit base of Rs 33450 crore and Rs 25675 crore, said Mr. Venkataraman speaking at the bank's 96th founders' day.
Karur Vysya Bank is in the process to identify 500 government schools across India where the bank will provide certain basic amenities like ceiling fans and tube lights in classrooms as a part of the bank's corporate social responsibility programme.
Support from the bank's valued customers has given a huge contribution in the progress of Karur Vysya Bank. The bank just started with capital of Rs 1 lakh in the year 1916 in Karur, Tamil Nadu. But now the bank has grown enormously.