karur vysya bank has restructured its senior management leadership with the appointment of a new Chief Financial Officer and Chief Operating Officer. The Board of Directors approved these elevations and appointments during a meeting held on June 23, 2026. The changes are aimed at ensuring a smooth transition of key roles within the bank's operational and financial hierarchy.

Shri Ramasamy G V, currently Senior Deputy General Manager and Head of Accounts and Taxation, has been elevated to the rank of General Manager. He will assume the role of Chief Financial Officer and Key Managerial Personnel effective September 01, 2026. This follows the internal movement of Shri Ramshankar R, the incumbent Chief Financial Officer, who is transitioning to the Operations Department. In his new capacity, Ramasamy G V will report to Ramshankar R.

Shri Ramshankar R has been elevated to the rank of Chief General Manager effective September 01, 2026. He has been appointed as Chief Operating Officer, Material Risk Taker, and Key Managerial Personnel with effect from October 16, 2026. This succession follows the completion of the tenure of the incumbent Chief Operating Officer, Shri MS Chandrasekaran, on October 15, 2026. Ramshankar R will continue to oversee the Finance and Control Department in addition to his new responsibilities.

The bank also announced the appointment of Shri Ravinder Aggarwal as Head of Corporate and Institutional Group in the rank of General Manager. His appointment is effective from the date of his taking charge and is for a period of three years. Additionally, Shri Vippala Ramachandrareddy, Deputy General Manager and Head of Treasury, has been elevated to the rank of General Manager and classified as Senior Management Personnel (SMP) of the Bank effective June 23, 2026.

Shri Ramu S, Senior Deputy General Manager and Head of Legal & Recoveries, has been classified as Senior Management Personnel (SMP) of the Bank effective June 23, 2026. These appointments are part of the bank's broader strategy to strengthen its leadership team across critical functions including corporate banking, treasury, and legal recoveries.

Summary of Appointments

Karur Vysya Bank partnered with Tambaram City Municipal Corporation to launch the Sponge Park at Mullai Nagar, Tambaram, on June 18, 2026. The project, part of the bank's KVB Bhoomi initiative, aims to address urban flooding and groundwater depletion through nature-based infrastructure. By capturing, storing, and filtering rainwater, the park is designed to enhance water security and create sustainable public spaces.

The Sponge Park was developed to tackle specific environmental challenges in Mullai Nagar, including recurring waterlogging and groundwater stress. The project integrates blue-green infrastructure to improve climate resilience and biodiversity. It serves as a model for sustainable urban development, transforming an urban space into a multifunctional asset that benefits the community.

The inauguration was attended by Shri D. Sarathkumar, Honourable Minister for Human Resource Management, Government of Tamil Nadu. Shri S. Balachander, IAS, Commissioner of Tambaram City Municipal Corporation, and Shri B. Sankar, Executive Director of Karur Vysya Bank, were also present.

MD & CEO Mr. Ramesh Babu stated that the initiative reflects the bank's commitment to responsible growth and long-term environmental impact. He emphasized that nature-based infrastructure can improve water security, mitigate flooding, and enhance biodiversity. The partnership with the municipal corporation aims to build a greener future for the community.

The project aligns with the bank's corporate social responsibility focus on environmental sustainability. It contributes to several United Nations Sustainable Development Goals, including Clean Water and Sanitation (SDG 6), Sustainable Cities and Communities (SDG 11), Climate Action (SDG 13), Good Health and Well-being (SDG 3), and Life on Land (SDG 15).