Which of the following bank has its headquarters in Tamil Nadu?

a. Dhanalakshmi Bank

b. Karur Vysya Bank

c. South Indian Bank

d. Catholic Syrian Bank Ltd

ANSWER: Karur Vysya Bank

Explanation:

Karur Vysya Bank is a private-sector Indian bank, headquartered in Karur in Tamil Nadu.

It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar.

It is one of the largest old generation private bank in India and largest in Tamil Nadu Internet Banking and Mobile Banking facilities to its customers.

The bank is known for its cash deposit machines (CDM) a major technology initiative taken only by few banks in India.

This bank is also an excellent paymaster amongst all private sector banks.

The bank has been paying ex-gratia each year to all employees for several years.

Karur Vysya Bank

Founded : 1916

Headquarter : Karur, Tamil Nadu

Current Head : K. Venkataraman (MD& CEO)

Similarly, other major banks that have their headquarters in Tamil Nadu are -

Tamilnad Mercantile Bank

Founded : 11 May 1921

Headquarter : Tuticorin, Tamil Nadu

Current Head : HS Upendra Kamath (MD & CEO)

Lakshmi Vilas Bank

Founded : 1926

Headquarter : Chennai, Tamil Nadu

Current Head : Parthasarathi Mukherjee (MD & CEO)