Karur Vysya Bank (KVB), a private sector lender, has opened one new branch located at Dindigul Road, Singampuneri, in Sivagangai district in the state of Tamil Nadu on September 04, 2013.
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. Recently, the bank had raised Rs 625 crore through the Qualified Institutional Placement (QIP) to support its growth in the near future.