Karur Vysya Bank (KVB) has entered into the bullion business. As a trial base, the bank delivered its first shipment to clients in Chennai and Coimbatore recently. It is now in the process of ramping up the business to fully extend support to its existing set of customers across the nation. The bank mentioned that the new business has been launched after ensuring the highest quality risk management.
The gems and jewellery business is an important part of India's economy and the bank is now in a position to enhance its support to this important industry.
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.
