Karur Vysya bank is planning to set up dedicated home loan branches in Chennai, Bengaluru and Mumbai after recording a 25 per cent growth in loan disbursal as of March last financial year. The bank is also planning to open 35 more branches and 500 business correspondents this year.
Earlier, the bank had inaugurated its 800th Branch in Anna Nagar East, Chennai. The Bank also inaugurated its first Digital Banking Unit (DBU) in Nandanam, Chennai. The Bank also inaugurated new branches at 8 other centres; 6 in Tamil Nadu viz., Vilathikulam, Madambakkam, Parangipettai, Pudukottai North, Kachirapalayam, Veeraganur, Gadwal in Telangana and Sattenapalle in Andhra Pradesh.
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.
