Karur Vysya Bank has opened its 365th branch at Chennimalai, situated between Erode and Coimbatore in Tamil Nadu on March 28, 2011. The bank is also in the process of opening its 366th branch at Dharapuram Road, Aravakurichi on March 30, 2011. Aravakurichi is a panchayat town in Karur district in the state of Tamil Nadu.
Earlier in this month, the bank had opened two new branches at Tamil Nadu. The first branch which is located at Salem Main Road, Vengamedu was opened on March 10, 2011 while the second branch is located at Rajapalayam Main Road, Sankarankoil was inaugurated on March 16, 2011.
The bank registered an increase in its net profit by 49.23% for the quarter ended December 31, 2010, which stood at Rs 113.22 crore against Rs 75.87 crore for the quarter ended on December 31, 2009. The Bank has posted total income of Rs 645.87 crore for quarter ended December 31, 2010 against Rs 512.11 crore for the quarter ended on December 31, 2009, up by 26.12%.
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