Karur Vysya Bank Opens New Branch in Pune, Expanding Network to 899 Branches
Karur Vysya Bank opened a new branch in Pune, expanding its network to 899 branches. The bank aims to support MSMEs and regional economic development with customized financial solutions. As of Sept 30, 2025, total business was ₹2,03,216 crore, with Q2 FY26 net profit at ₹574 crore.
The expansion into a new city and the addition of a branch to the network is a positive step but is unlikely to have a significant immediate financial impact on the bank's overall performance.
The opening of a new branch and expansion into a significant market like Pune is a positive development for the bank's growth and market presence.
Karur Vysya Bank (KVB) has inaugurated a new branch in Sahakar Nagar, Pune, Maharashtra, expanding its all-India branch network to 899. The new branch will offer a comprehensive suite of banking services, including accounts, deposits, and various types of loans for retail, institutional, and consumer needs.
Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, highlighted Pune as a significant market due to the growth of MSMEs and entrepreneurial activity. He stated that the bank's mission is to provide excellent service and customized financial solutions to retail clients and small to medium-sized businesses, thereby supporting regional companies and economic development.
The bank also offers robust digital solutions, including the KVB DLite Mobile Banking app with over 150 features, alongside internet banking, to ensure convenient and secure access to banking services.
As of September 30, 2025, Karur Vysya Bank had a total business of ₹2,03,216 crore, with a deposit base of ₹1,10,492 crore and advances at ₹92,724 crore. The net profit for Q2 FY26 was ₹574 crore, and the Net NPA stood at 0.19%.
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