KVB opens 903rd branch in Chennai Villivakkam

1 min read     Updated on 05 Jun 2026, 01:20 AM
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Karur Vysya Bank inaugurated its 903rd branch in Villivakkam, Chennai, on June 4, 2026, to enhance accessibility for local communities. The bank's total business reached ₹2,14,420 crore as of March 31, 2026, with a net profit of ₹2,510 crore for FY26. The filing was submitted to exchanges under Regulation 30 of SEBI regulations.

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Karur Vysya Bank (KVB) strengthened its presence in Tamil Nadu by inaugurating a new branch in Villivakkam, Chennai, on June 4, 2026. This expansion marks the bank's 903rd branch nationwide. The new outlet is located at No. 12/4, Sidco Nagar, Villivakkam, Chennai – 600 049, and aims to enhance service accessibility for the residential and commercial communities in the region.

The branch was inaugurated by Dr. M. S. Shanmugam, I.A.S, Principal Secretary and Commissioner of Tourism & Managing Director of TTDC. The ceremony included the lighting of the traditional lamp by Dr. Vasantha Gowri, Trustee of KRM Group of Schools, Chennai. Ramesh Babu, Managing Director & CEO of karur vysya bank , stated that the opening brings modern banking closer to the residents of north Chennai and supports the bank's growth strategy in the state.

Strategic Expansion and Financial Position

The bank's total business stood at ₹2,14,420 crore as of March 31, 2026, comprising deposits of ₹1,15,666 crore and advances of ₹98,754 crore. It reported its highest-ever annual net profit of ₹2,510 crore for FY26. The bank operates through a network of 903 branches and over 2,228 ATMs and cash recyclers across the country.

The following table details the new branch specifications:

S. No Branch Serial Number Name of the Branch Address of the Branch Date of opening
1. 903 Chennai - Villivakkam No. 12/4, Sidco Nagar, Villivakkam, Chennai – 600 049 04.06.2026

The bank submitted the intimation regarding the branch opening to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer.

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.14%+0.14%+2.40%+17.58%+44.06%+585.93%

How will the new branch in Villivakkam contribute to KVB's deposit mobilization and loan growth in the Chennai region?

What are KVB's expansion plans for the remainder of FY27 following the opening of its 903rd branch?

How does KVB plan to maintain its profitability amid rising competition and potential economic challenges?

KVB launches premium Visa credit card portfolio

2 min read     Updated on 30 May 2026, 06:27 AM
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Karur Vysya Bank introduced a premium credit card portfolio on the Visa platform, featuring four variants—Aura, Samara, Altura, and Eternis—designed to offer curated travel, dining, and lifestyle benefits. The launch aims to strengthen the bank's affluent banking proposition and deepen engagement with lifestyle-oriented customers. As of March 31, 2026, the bank reported a total business of ₹2,14,420 crore and a net profit of ₹2,510 crore for FY26.

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karur vysya bank announced the launch of its premium credit card portfolio on the Visa platform on May 29, 2026, to strengthen its affluent banking proposition. The portfolio includes four card variants—Aura (Visa Platinum), Samara (Visa Signature), Altura (Visa Infinite) and Eternis (Visa Infinite)—designed to offer curated travel, dining and premium lifestyle benefits to emerging affluent and affluent customers. This launch aligns with the bank's strategy to deepen engagement with lifestyle-oriented customers supported by globally accepted payment infrastructure.

The partnership with Visa reflects KVB's focus on offering a contemporary customer experience with curated lifestyle privileges. The bank noted that India's affluent consumer segment is witnessing rising spends across travel, dining and premium lifestyle categories, driving demand for differentiated financial products. The refreshed card portfolio moves beyond transactional banking to offer curated everyday lifestyle experiences.

Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, stated that the launch marks an important step in strengthening KVB's affluent banking proposition. He highlighted that consumer spending patterns are evolving towards travel, dining and lifestyle-led experiences, and the partnership with Visa enables tailored value propositions. The initial rollout for existing customers reflects the bank's relationship-led approach towards customer engagement.

The portfolio offers premium benefits across travel, dining, entertainment and lifestyle categories. Existing KVB customers can check their eligibility and access pre-approved offers through the KVB DLite mobile banking application or by contacting their nearest branch. Standard joining fees, yearly fees, and interest rates apply to each card type.

Key Features of KVB's Premium Credit Card Portfolio

Card Variant Category Welcome Bonus Rewards Value Key Perks
Eternis Visa Infinite 10,000 Reward Points (₹10,000) ₹1 per point 1-night Postcard Hotels stay, 1-year elite Club Access, 1-year Club Marriott membership, 15% off Business Class tickets, 12-month EazyDiner Prime, Zero Forex markup
Altura Visa Infinite 7,500 Reward Points (₹7,500) ₹1 per point 1-year Club Marriott membership, 12-month EazyDiner Prime, Zero Forex markup
Samara Visa Signature Not specified ₹0.5 per point 1-year Taj Epicure membership, 6-month EazyDiner Prime, 12-month Amazon Prime
Aura Visa Platinum Not specified ₹0.25 per point 12-month Amazon Prime, Zomato Gold memberships

About Karur Vysya Bank

Founded in 1916, Karur Vysya Bank is a private sector bank with a presence across retail, MSME and agricultural banking segments. As of March 31, 2026, the Bank's total business stood at ₹2,14,420 crore, comprising deposits of ₹1,15,666 crore and advances of ₹98,754 crore. The Bank reported its highest-ever annual net profit of ₹2,510 crore for FY26. KVB operates through a network of 901 branches and over 2,200 ATMs and cash recyclers across the country.

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.14%+0.14%+2.40%+17.58%+44.06%+585.93%

How will the launch of this premium portfolio impact KVB's credit card market share relative to competitors already targeting the affluent segment?

What are the expected acquisition costs and potential ROI for KVB given the high-value welcome bonuses and lifestyle perks offered?

Will KVB expand this partnership to include other global payment networks like Mastercard or Amex to diversify its premium offerings?

More News on Karur Vysya Bank

1 Year Returns:+44.06%