Karur Vysya Bank MD and CEO B. Ramesh Babu mentioned the financial institution had opened 39 branches throughout the present monetary 12 months File
| Photo Credit: BIJOY GHOSH
Private sector Karur Vysya Bank (KVB) has set a goal of opening 100 new branches throughout India in FY25, a prime official mentioned on Wednesday.
The Tamil Nadu-based financial institution’s 840th department in Ayodhya was inaugurated by the financial institution’s Chairperson Meena Hemchandra.
Karur Vysya Bank MD and CEO B. Ramesh Babu mentioned the financial institution had opened 39 branches throughout the present monetary 12 months and proposes so as to add about 100 extra throughout the interval.
In an announcement, Mr. Babu mentioned the financial institution recorded the highest-ever annual internet revenue of ₹1,605 crore in FY24 whereas the online Non-Performing Assets have been at 0.40% as on March 31.
“The bank continues its strong growth momentum, consistency in asset quality and profitability,” he mentioned.
Mr. Babu together with Directors of the Bank Sarvashri Ok. S. Ravichandran, R. Ramkumar and Ok. G. Mohan have been current on the inauguration of the brand new department in Uttar Pradesh, which can also be the thirty fifth department within the Delhi division, the financial institution added.
Source: www.thehindu.com
