Karur Vysya Bank reorganises departments, appoints three senior leaders
Karur Vysya Bank restructured its operations on August 20, 2026, creating a Centralized Credit Department and splitting Operations into Banking Operations and Infrastructure Management. V S R A Kumar Ravutu was appointed Chief Credit Officer, Vijayakumar P V heads Infrastructure Management, and Thota Phani Kumar leads Banking Operations, all starting September 1, 2026.

*this image is generated using AI for illustrative purposes only.
Karur Vysya Bank has approved a significant reorganisation of its internal departments and appointed three senior management personnel to lead the newly structured units. The Board of Directors approved these changes in a meeting held on August 20, 2026, with all appointments effective from September 1, 2026.
The restructuring involves the formation of a Centralized Credit Department and the bifurcation of the existing Operations Department into two distinct units: Banking Operations and the Infrastructure Management Group. This move aims to streamline credit monitoring and separate operational functions from infrastructure management.
Leadership appointments
The bank has appointed three key executives to head these new or redesignated departments:
- V S R A Kumar Ravutu has been appointed as Chief Credit Officer to head the Centralized Credit Department. Ravutu, who has over 34 years of banking experience including tenures at Axis Bank and SIDBI, joins after heading the Credit Monitoring and Recovery Department at Karur Vysya Bank since August 2017.
- Vijayakumar P V has been redesignated as Head of the Infrastructure Management Group. Previously serving as General Manager and Head of the Operations Department since May 2025, Vijayakumar brings over 30 years of experience in branch banking and back-office operations, having joined the bank in 1996.
- Thota Phani Kumar has been newly appointed as General Manager to head Banking Operations. His career spans roles at Central Bank of India, Axis Bank, ICICI Bank, and most recently as Chief Operating Officer at Samunnati Finance Pvt Ltd.
| Appointee: | Role: | Effective Date: | Previous Role/Employer: |
|---|---|---|---|
| V S R A Kumar Ravutu | Chief Credit Officer | September 1, 2026 | Head, Credit Monitoring & Recovery (Karur Vysya Bank) |
| Vijayakumar P V | Head, Infrastructure Management Group | September 1, 2026 | Head, Operations Department (Karur Vysya Bank) |
| Thota Phani Kumar | Head, Banking Operations | September 1, 2026 | COO, Samunnati Finance Pvt Ltd; Axis Bank; ICICI Bank |
Regulatory disclosure
The appointments were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 10:00 am and concluded at 3:00 pm on August 20, 2026. Srinivasarao Maddirala, Company Secretary & Compliance Officer, signed the disclosure.
How is the creation of a Centralized Credit Department expected to impact Karur Vysya Bank's non-performing asset (NPA) ratios and credit growth trajectory in the next fiscal year?
What specific operational efficiencies or cost-saving measures does the bank anticipate from bifurcating the Operations Department into Banking Operations and Infrastructure Management?
Given Thota Phani Kumar's background in NBFCs and private sector banks, how might his leadership influence the digital transformation and process automation of the new Banking Operations unit?

























