Karur Vysya Bank has appointed Shri Ravinder Aggarwal as General Manager & Head - Corporate and Institutional Group (CIG). He assumed charge on July 01, 2026, for a term of three years. This appointment follows the relieving of Shri Shekhar Ramarajan, who completed his notice period due to resignation on June 30, 2026.

Aggarwal is a career banker who served Bank of Baroda from 1999 and superannuated on April 30, 2026. His last role at Bank of Baroda was General Manager - Large Corporate Banking (Underwriting). He brings extensive experience in senior leadership roles within Large Corporate Banking, NBFCs, Asset Reconstruction Companies (ARCs), and Development Finance Institutions (DFIs).

Summary of Appointment

Shri R Ramkumar has demitted office as Non-Executive Non-Independent Director at karur vysya bank effective June 24, 2026, following the completion of his eight-year tenure. The departure is mandated by Section 10A(2A)(i) of the Banking Regulation Act, 1949, which limits the tenure of Non-Executive Non-Independent Directors in banks. This regulatory requirement ensures periodic changes in the board composition of banking institutions.

The bank communicated the development to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that Ramkumar ceased to hold his position at the close of office hours on the specified date. The filing was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer of the bank.

The following table outlines the key details regarding the director's cessation:

The necessary disclosures as required under the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed with the regulatory filing. The bank has requested the exchanges to take the information on record.