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Chief Minister dedicates first digital village adopted by Karur Vysya Bank

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Saturday, December 16, 2017

Chief Minister Nara Chandrababu Naidu today dedicated the first ‘digital village’ facility by the Karur Vysya Bank at Bandarupalli in Guntur district remotely from the city.

He participated as the chief guest at the 101st Founders’ Day of the Karur Vysya Bank. The bank has adopted the village without banking facilities and set up a digital branch there.

Speaking on the occasion, he said that the visionary leadership of its founders in identifying the banking needs of the local community in Karur and thereby earning the trust of the people has put the bank on a firm footing.

KVB Chairman Swaminathan traced the origin and growth of the bank during the last 100 years. Founded by M.A.Venkatarama Chettiar and Athi Krishna Chettiar with a capital of Rs.1 lakh in Karur in 1916, the bank today emerged as a major bank in the private sector with 760 branches in 18 States and three Union Territories. In addition to over 1,700 ATMs and 500 Cash Deposit Machines. The bank has the second largest customer base in Andhra Pradesh and Telangana.