Karur Vysya Bank Subsidiaries
 

Hi buddy will you plz let me know about Subsidiaries company in Karur Vysya Bank reference , as my cousin want to know about the same ??

Re: Karur Vysya Bank Subsidiaries
 

The Karur Vysya Bank Limited was set up on 25th of July 1916 by Mr M.A Venkatarama Chettiar and Mr Athi Krishna Chettiar, to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu. Origins:

As per me Karur Vysya Bank not come under Subsidiaries company , A subsidiary is a company with voting stock that is more than 50% controlled by another company, usually referred to as the parent company or the holding company. A subsidiary is partly or completely owned by the parent company, which holds a controlling interest in the subsidiary company.

Bank profile:

Type Private

Traded as BSE: 590003

NSE: KARURVYSYA

Industry Banking

Financial services

Founded 1916

Headquarters Karur, Tamil Nadu, India

Key people B.Swaminathan

(Chairman)

Products Consumer banking, Corporate banking, Finance and Insurance, Investment
banking, Mortgage loans, Private banking, Wealth management, Credit Cards

Revenue ₹5,443.41 crore (US$850 million) (2016)

Operating income ₹1,235.42 crore (US$190 million) (2016)

Net income ₹567.63 crore (US$89 million) (2016)

Total assets ₹57,663.72 crore (US$9.0 billion) (2016)

Number of employees 7,211 (2016)

Capital ratio 11.79%