The Hindu Business Line : Karur Vysya Bank to offer Internet banking

AS part of the strategy of reinventing itself to extend better customer service, Karur Vysya Bank Ltd (KVB), the Karur-based private sector bank, proposes to introduce Internet banking, telephone banking and auxiliary services soon.

Addressing a gathering on the eve of inauguration of the bank's renovated office premises and automated teller machine (ATM) at Secunderabad here, the KVB Senior General Manager, Mr S. Nagarajan, said these were some of the dynamic plans of the bank on the technology front.

"We continue to embrace new generation technologies while remain rooted in the traditional values such as personalised care. Our aim is to provide world-class services of new generation private banks at affordable prices," he said.

On the technology front, the bank has fully computerised around 98 per cent of its business and implemented core banking solution in over 60 branches with Data Centre at Chennai. According to Mr Nagarajan, the bank has ambitious plans to implement core-banking solution in all its branches by the end of current fiscal.

Having installed 113 ATMs across the country on its own, KVB has also tied-up with UTI Bank to utilise their 1,100-plus ATMs across the country. With the support of core-banking solution, the bank has introduced multi-city current account facility at over 60 branches, Mr Nagarajan said.

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