Karur Vysya Bank has expanded its Maharashtra footprint with the inauguration of a new branch in Pune's Sahakar Nagar on January 12, 2026. The ceremony was graced by distinguished guests including Major Kamlesh Bajaj (Retd.) from the Bombay Engineering Group, Indian Army, and Dr. Hemalata R. Jalgaonkar BAMS, MS (Gynaecology), Ph.D., Principal & HOD at Ashtang Ayurved Mahavidyalaya, Pune.

Branch Network Expansion

With the opening of this new branch, Karur Vysya Bank's all-India branch network has expanded to 899 branches. This strategic expansion demonstrates the bank's commitment to strengthening its presence in key metropolitan markets across India.

Comprehensive Banking Services

The new Pune branch is positioned to offer a complete suite of banking services to cater to diverse customer requirements. The branch will provide:

• Savings and current accounts
• Various deposit products
• Comprehensive lending solutions
• Retail banking services
• Institutional banking products
• Consumer lending options

The branch aims to serve as a one-stop destination for all basic and specialized banking transactions, ensuring efficient service delivery under one roof.

Strategic Market Focus

Commenting on the expansion, Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, highlighted the strategic importance of the Pune market. He emphasized that Pune represents a significant opportunity given the rapid growth of MSMEs and entrepreneurial activity in the city. The bank's mission focuses on providing customized financial solutions, credit support, and digital banking services to both retail clients and small and medium-sized businesses.

Digital Banking Solutions

Beyond traditional branch banking, Karur Vysya Bank offers robust digital solutions through its KVB DLite Mobile Banking app. The application provides:

• Over 150 financial and non-financial features
• Enhanced customer ease and efficiency
• Modern, secure, and seamless banking access
• Internet banking capabilities

Financial Performance Overview

As of September 30, 2025, Karur Vysya Bank demonstrated strong financial performance across key metrics:

The bank's expansion into Pune aligns with its broader strategy to support regional businesses and encourage economic development while maintaining its strong financial fundamentals and comprehensive service offerings.

Karur Vysya Bank has launched its Capital Gains Account Scheme (CGAS) on January 9, 2026, following recent authorization from the Ministry of Finance, Government of India. The specialized facility addresses a critical need for taxpayers who have sold assets and require a compliant way to manage proceeds while maintaining tax exemption eligibility.

Scheme Overview and Purpose

The Capital Gains Account Scheme is designed for individuals and Hindu Undivided Families (HUFs) who have sold assets such as property, land, or securities. The service enables customers to deposit sale proceeds in a specialized account while remaining eligible for tax exemptions under the Income Tax Act, 1961.

Indian tax laws permit exemptions on capital gains if proceeds are reinvested within specific timeframes. However, finding suitable reinvestment opportunities often exceeds tax filing deadlines. The KVB Capital Gains Account serves as a legal safeguard, earning interest while ensuring tax regulation compliance without pressuring customers into hasty investment decisions.

Account Types and Features

The scheme offers two distinct account variants to accommodate different customer requirements and investment timelines.

The scheme integrates with Karur Vysya Bank's existing digital banking infrastructure, supporting fund transfers through UPI, NEFT, and RTGS. Account opening and operations follow applicable regulatory requirements, ensuring compliance and security for customer transactions.

Management Commentary

B. Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, emphasized the scheme's strategic importance: "The launch of our Capital Gains Account scheme represents our commitment to providing comprehensive tax-planning solutions. This service bridges an important gap in the investment lifecycle allowing customers to maintain tax compliance while taking time to make informed decisions. As asset sales remain robust in the current economy, we believe this offering will be invaluable for our customers."

Bank Profile and Financial Position

Karur Vysya Bank operates an extensive network comprising 898 branches and over 2,226 ATMs and cash recyclers. The bank's financial performance as of September 30, 2025, demonstrates strong fundamentals across key metrics.

The Capital Gains Account Scheme launch reinforces Karur Vysya Bank's focus on providing specialized financial solutions that address specific customer needs while ensuring regulatory compliance and tax optimization opportunities.