Karur Vysya Bank has received an updated Environmental, Social and Governance (ESG) rating of 70 for the Financial Year 2024-25, marking an improvement in its sustainability performance metrics. The rating was assigned by ESG Risk Assessments & Insights Limited (ESGRisk.ai), a SEBI-registered Category I ESG Rating Provider.

ESG Rating Details

The bank disclosed this information to stock exchanges on March 20, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating assessment was communicated to the bank on March 19, 2026, as part of the provider's annual ESG review guidelines.

Rating Methodology

The ESG score was determined independently by the rating provider without any direct engagement from Karur Vysya Bank. The assessment was based entirely on the bank's public disclosures and publicly available information. This independent evaluation approach ensures objectivity in the rating process and reflects the bank's transparency in sustainability reporting.

Previous Rating History

The bank had previously received an ESG score of 66 for the same Financial Year 2024-25, which was communicated to stock exchanges on October 16, 2025. The updated score of 70 represents a notable improvement of 4 points, indicating enhanced performance in environmental, social, and governance parameters.

Regulatory Compliance

The intimation was filed under Regulation 30 of SEBI listing requirements, demonstrating the bank's commitment to maintaining transparency with stakeholders regarding its ESG performance. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring comprehensive market disclosure.

Karur Vysya Bank has completed the dispatch of its postal ballot notice on March 17, 2026, seeking shareholder approval for the re-appointment of two key directors through a remote e-voting process. The bank has also published newspaper notifications regarding the dispatch in compliance with regulatory requirements.

Postal Ballot Notice Dispatch Completed

The bank successfully dispatched the postal ballot notice dated March 04, 2026, along with explanatory statements via email to eligible shareholders. The dispatch was completed on Tuesday, March 17, 2026, targeting members whose names appeared in the Register of Members as of the cut-off date.

Newspaper Publication Details

In compliance with SEBI LODR Regulation 30, the bank published notices regarding the postal ballot dispatch in multiple newspapers on March 18, 2026:

Key Appointments Proposed

The postal ballot covers two significant appointments requiring shareholder approval:

Managing Director Re-appointment Details

Shri B Ramesh Babu's proposed re-appointment spans from July 29, 2026 to July 28, 2028, marking his third term as Managing Director & CEO. The compensation structure includes:

Fixed Pay Components

The Managing Director will be eligible for variable pay of 175% of fixed pay, comprising 50% cash component and 50% non-cash component through share-linked instruments. An annual increment of 10% on the previous year's fixed pay is also proposed after completion of one year from re-appointment.

Independent Director Re-appointment

CA Dr Chinnasamy Ganesan's re-appointment as Non-Executive Independent Director covers the period from April 25, 2026 to April 24, 2031. He currently serves as Chairman of the Audit Committee and member of various other board committees. His last drawn remuneration was ₹42.25 lakh during FY 2024-25.

E-voting Process and Timeline

The bank has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process:

Shareholders whose names appear on the Register of Members as on the cut-off date will be entitled to vote. The postal ballot notice is being sent only through email to registered email addresses.

Performance Highlights

Under Shri B Ramesh Babu's leadership from FY 2020 to December 2025, the bank has demonstrated significant growth:

The bank achieved the milestone of ₹2 trillion business and received recognition as 'Best Small Indian Bank' by Business Today Magazine for the third consecutive year in FY 25.

Regulatory Approvals and Next Steps

Both appointments are subject to approval from the Reserve Bank of India. The bank has already applied for RBI approval for the Managing Director's re-appointment. Results of the postal ballot will be announced within two working days from the conclusion of e-voting and will be available on the bank's website and stock exchange platforms. The resolution, if approved, shall be deemed to have been passed on Friday, April 17, 2026.