Karur Vysya Bank is planning to open a divisional office in Ernakulam in order to administer its branches in Kerala. This divisional office will target the full banking potential in the State, particularly NRI deposits. Tamil Nadu-based bank has 13 branches in the State and one more branch will be opened in Thalassery soon.
Recently, the bank inaugurated ‘KVB Gruhapravesh’, a home loan product exclusively for NRE customers. 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.
