Karur Vysya Bank MD and CEO B. Ramesh Babu mentioned the financial institution had opened 39 branches through 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 high 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 through the present monetary 12 months and proposes to add about 100 extra through the interval.
In a press release, Mr. Babu mentioned the financial institution recorded the highest-ever annual internet revenue of ₹1,605 crore in FY24 whereas the web 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 Okay. S. Ravichandran, R. Ramkumar and Okay. G. Mohan have been current on the inauguration of the new department in Uttar Pradesh, which can be the thirty fifth department in the Delhi division, the financial institution added.
