Karur Vysya Bank Limited has informed the Exchange regarding a press release dated March 03, 2026, titled "Karur Vysya Bank Expands Chennai Footprint with New Branch Inauguration in Pattabiram".
KARURVYSYA · price
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Karur Vysya Bank (KVB) has opened a new branch in Pattabiram, Chennai, located at No. 11 MG Road, taking the bank's total branch network to 901 across India. The branch will offer a full range of banking services including savings and current accounts, deposits, loans, and retail and consumer lending products. The bank, founded in 1916, also operates over 2,227 ATMs and cash recyclers. As of 31 December 2025, KVB's total business stood at Rs. 2,11,647 crores (deposits of Rs. 1,14,595 crores and advances of Rs. 97,052 crores), with a Q3 FY26 net profit of Rs. 690 crores and a Net NPA of 0.19%.
This is a routine branch expansion announcement with no material financial impact. For shareholders, it reflects KVB's continued organic growth strategy in key urban markets and signals steady network expansion, which could support deposit mobilisation and lending growth over time.