KVB adjudged best bank of the year

Karur-headquartered Karur Vysya Bank has bagged the CNBC – TV 18 Best Bank and Financial Institution award under the old private sector bank category. KVB's Chief Executive and Managing Director, Mr K Venkataraman, received the award on behalf of the bank from the Minister for Corporate Affairs Mr Veerappa Moily at Mumbai on September 12. This is the third award for the bank during the 2011-12 fiscal, the others being the FIBAC Banking Award (for cost efficiency) followed by Banking Technology Excellence Award (for mobile banking) among small banks in the private sector.