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Work for the welfare of weaker sections, Rosaiah tells bankers

Staff Reporter
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Commends KVB for achievement on priority sector advances

talking business:K. Venkataraman, MD and CEO, KVB, having a word with K. Rosaiah, Governor, at a Karur Vysya Bank function in Karur on Sunday. A.S. Janardhanan, former chairman of the bank, is seen.—PHOTO: R.M. RAJARATHINAM
talking business:K. Venkataraman, MD and CEO, KVB, having a word with K. Rosaiah, Governor, at a Karur Vysya Bank function in Karur on Sunday. A.S. Janardhanan, former chairman of the bank, is seen.—PHOTO: R.M. RAJARATHINAM

High quality customer service will help sustain business and growth in any service industry, Governor K. Rosaiah said here on Sunday.

Addressing the officials and executives of Karur Vysya Bank Mr. Rosaiah asked the bank staff to dedicate themselves to the uplift of weaker sections and growth of rural populace. Commending the KVB for its achievement on priority sector advances and agricultural credit targets stipulated by the Reserve Bank of India, Mr. Rosaiah lauded the efforts of the bank for its active involvement in the financial inclusion programme of the RBI by covering 117 villages through business correspondents.

Noting that the banking sector was an indicator of the economy and held the key to the growth of trade and business, the Governor traced the remarkable journey of the bank which was launched with a total capital of Rs. 1 lakh. The bank currently has a total business volume of Rs. 75,000 crore with net owned funds of Rs. 3,300 crore and a profit of Rs. 550 crore.

Managing Director and Chief Executive Officer K. Venkataraman, former Chairman A.S. Janardhanan, directors, senior executives and staff participated in the programme.

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