Karur Vysya Bank launches second Saksham Niveshak campaign

1 min read     Updated on 08 Jun 2026, 07:18 PM
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Karur Vysya Bank has initiated the 'Saksham Niveshak' campaign from April 01, 2026, to July 09, 2026, to assist shareholders in updating KYC details and claiming unpaid dividends. The bank published advertisements in Business Standard and Dinamalar on June 06, 2026, to raise awareness. Shareholders must update their details to prevent the transfer of funds to the IEPFA, with specific forms required for physical shareholders and demat holders advised to contact their Depository Participants.

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Karur Vysya Bank has launched the 'Saksham Niveshak' campaign, a 100-day initiative running from April 01, 2026, to July 09, 2026. The campaign is designed to create awareness among shareholders to update their KYC details and claim any unpaid or unclaimed dividends. This measure is intended to prevent the transfer of dividend amounts and shares to the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs.

The bank disclosed that it has published advertisements in newspapers on June 06, 2026, to inform shareholders about the campaign. The notification was published in the All Edition of Business Standard in English and the Trichy Edition of Dinamalar in Tamil. The initiative follows a circular issued by the IEPFA.

Shareholders with unpaid or unclaimed dividends, or those who are non-KYC compliant, are requested to update their KYC details, bank mandates, and contact information. Ensuring these details are current is necessary for the timely receipt of dividends directly into bank accounts and to prevent the transfer of funds to the IEPF.

The bank has established a dedicated assistance line for unclaimed dividends at 04324-269441. Shareholders holding physical shares must submit specific Investor Request Forms (ISR) to the bank's Registrar and Transfer Agent, M/s. MUFG Intime India Private Limited, located in Coimbatore.

The required forms for physical shareholders include ISR-1 for KYC updation, ISR-2 for signature updation, ISR-3 for opting out of nomination, and SH-13 or SH-14 for nomination registration or cancellation. Forms are available on the bank's website. Shareholders holding shares in demat mode must approach their respective Depository Participants for updates.

Newspaper Edition Language
Business Standard All Edition English
Dinamalar Trichy Edition Tamil

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE036D01028/484a13a0fb98454e.pdf

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.73%-2.55%-5.82%+13.40%+45.82%+514.01%

What impact will the 'Saksham Niveshak' campaign likely have on Karur Vysya Bank's shareholder engagement metrics by the end of Q3 2026?

Could this initiative serve as a model for other banks facing similar challenges with unclaimed dividends and KYC compliance?

How might the success of this campaign influence the bank's future dividend distribution policies and investor communication strategies?

KVB opens 903rd branch in Chennai Villivakkam

1 min read     Updated on 05 Jun 2026, 01:20 AM
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Karur Vysya Bank inaugurated its 903rd branch in Villivakkam, Chennai, on June 4, 2026, to enhance accessibility for local communities. The bank's total business reached ₹2,14,420 crore as of March 31, 2026, with a net profit of ₹2,510 crore for FY26. The filing was submitted to exchanges under Regulation 30 of SEBI regulations.

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Karur Vysya Bank (KVB) strengthened its presence in Tamil Nadu by inaugurating a new branch in Villivakkam, Chennai, on June 4, 2026. This expansion marks the bank's 903rd branch nationwide. The new outlet is located at No. 12/4, Sidco Nagar, Villivakkam, Chennai – 600 049, and aims to enhance service accessibility for the residential and commercial communities in the region.

The branch was inaugurated by Dr. M. S. Shanmugam, I.A.S, Principal Secretary and Commissioner of Tourism & Managing Director of TTDC. The ceremony included the lighting of the traditional lamp by Dr. Vasantha Gowri, Trustee of KRM Group of Schools, Chennai. Ramesh Babu, Managing Director & CEO of karur vysya bank , stated that the opening brings modern banking closer to the residents of north Chennai and supports the bank's growth strategy in the state.

Strategic Expansion and Financial Position

The bank's total business stood at ₹2,14,420 crore as of March 31, 2026, comprising deposits of ₹1,15,666 crore and advances of ₹98,754 crore. It reported its highest-ever annual net profit of ₹2,510 crore for FY26. The bank operates through a network of 903 branches and over 2,228 ATMs and cash recyclers across the country.

The following table details the new branch specifications:

S. No Branch Serial Number Name of the Branch Address of the Branch Date of opening
1. 903 Chennai - Villivakkam No. 12/4, Sidco Nagar, Villivakkam, Chennai – 600 049 04.06.2026

The bank submitted the intimation regarding the branch opening 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 filing was signed by Srinivasarao Maddirala, Company Secretary & Compliance Officer.

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.73%-2.55%-5.82%+13.40%+45.82%+514.01%

How will the new branch in Villivakkam contribute to KVB's deposit mobilization and loan growth in the Chennai region?

What are KVB's expansion plans for the remainder of FY27 following the opening of its 903rd branch?

How does KVB plan to maintain its profitability amid rising competition and potential economic challenges?

More News on Karur Vysya Bank

1 Year Returns:+45.82%