Karur Vysya Bank advised that the United Forum of Bank Unions (UFBU) has called for a strike from September 28, 2026 to September 30, 2026. If the strike materializes, normal working of the bank's branches and offices may get affected.

The bank stated in its exchange filing that both the Officers Association and Workmen Union affiliated with the UFBU have issued the strike notice. The potential impact on operations remains unquantified at this stage.

Regulatory Disclosure

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure highlights that the quantum of loss or damage is not quantifiable as of the filing date.

Operational Implications

Customers may experience service interruptions during the specified dates. The bank has taken this on record with the National Stock Exchange of India Ltd and BSE Limited. No further details regarding contingency plans or specific branch closures were disclosed in the initial notification.

Karur Vysya Bank inaugurated two new branches on September 23, 2026, expanding its network to 921 outlets. The bank simultaneously reported its highest-ever quarterly net profit of ₹756 crore for Q1FY27.

The new branches in Coimbatore and Labbaikudikadu aim to deepen retail penetration in Tamil Nadu. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As of June 30, 2026, the bank's total business stood at ₹2,27,267 crore.

Branch details and inauguration

The two new outlets began operations simultaneously on September 23. The Coimbatore branch, serial number 920, was inaugurated by Dr. M. Raveendran, Registrar (In-Charge) and Acting Vice-Chancellor, Tamil Nadu Agricultural University. The Labbaikudikadu branch, serial number 921, was inaugurated by Shri M. Sivakumar, Revenue Inspector, Vadakkalur Firka.

Srinivasarao Maddirala, Company Secretary and Compliance Officer, signed the intimation. The Coimbatore branch serves retail, MSME, and agricultural customers in an industrial hub, while the Labbaikudikadu branch targets agricultural and semi-urban catchments in Perambalur district.

Financial performance and network

The bank reported its highest-ever net profit of ₹756 crore for Q1FY27. This performance comes alongside a robust balance sheet expansion. As of June 30, 2026, KVB's total business comprised deposits of ₹1,22,587 crore and advances of ₹1,04,680 crore.

The bank operates through a network of 921 branches and has 2,169 ATMs and cash recyclers across the country. Ramesh Babu, Managing Director & CEO, stated that the growth is aimed at reaching customers who power the business, particularly MSMEs and agricultural businesses in the home market of Tamil Nadu.

Digital integration

Both new branches are backed by the bank's digital banking services, including the KVB DLite mobile app. The application offers more than 150 financial and non-financial services, enabling seamless banking for customers in these newly penetrated regions.