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Karur Vysya Bank to focus on SME sector

Updated: Jul 29, 2015 11:53:33am
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Karur, July 29 (KNN) Karur Vysya Bank, a private sector bank founded in the year 1916 in Tamil Nadu’s Karur said it will focus on small and medium enterprise (SME) sector and will be positioned as a specialized SME Bank.

The Centenary Year Logo of the bank was unveiled on Saturday to formally inaugurate the celebrations.

On the occasion, KVB Managing Director and CEO K Venkataraman said the bank will be positioned as a specialised SME Bank to make it unique and first of its kind in the industry dedicated to the sector with new tailor-made products catering to different types of industries in the SME sector.

The bank unveiled 18 new products and services on the occasion. The products include KVB Commodity Plus, KVB Food and Agro Plus for food processing units, KVB Construction Plus for dealers of construction materials and KVB MSME Easy Loan. Cards such as KVB Centenary Prepaid Card, Aadhar-enabled Rupay Card, KVB Rupay Kisan Card and KVB Mithra Health Card were also introduced on the occasion.

As part of its technology initiatives, KVB has introduced eBook, a mobile app to help customers manage accounts. (KNN Bureau)

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