Karur Vysya Bank will inaugurate two new branches on September 23, 2026. The expansion adds outlets in Coimbatore and Labbaikudikadu to the lender’s network.

The bank disclosed the openings under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new branches aim to deepen retail penetration in Tamil Nadu.

Branch Details

The two new outlets are scheduled to begin operations simultaneously. Below are the specific details for each location:

Srinivasarao Maddirala, Company Secretary and Compliance Officer, signed the intimation on September 19, 2026. The disclosure confirms the bank’s continued focus on geographic expansion in key districts.

Karur Vysya Bank received a favourable order from the Income Tax Appellate Tribunal on September 1, 2026. The tribunal set aside a tax demand of ₹40.34 crore for assessment year 2022-23. This ruling resolves a key litigation matter without impacting the bank's operations or finances.

The decision overturns an earlier order by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre. That authority had partly allowed the bank's appeal against the original demand raised by the Assessment Unit.

Litigation Timeline

The dispute originated with the Faceless Assessing Officer of the National Faceless Assessment Unit. The bank initiated litigation on April 12, 2024. Prior to this latest development, the bank had disclosed that it held adequate factual and legal grounds to substantiate its position. It expected the entire demand to be set aside based on precedents from appellate authorities.

Regulatory Disclosures

The bank filed this update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also complied with the SEBI Master Circular dated January 30, 2026, regarding disclosure of litigation status. The circular reference is SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

Key Details

Srinivasarao Maddirala, Company Secretary and Compliance Officer, confirmed the receipt of the order. The bank stated there is no impact on its financials, operations, or other activities following the tribunal's decision.