Karur Vysya Bank (KVB), a private sector lender, has opened new branch at Kancheepuram in Tamil Nadu. Earlier, the bank had opened four branches at Vellore District, Villupuram District, Salem District and Coimbatore in state of Tamil Nadu.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.