The Reserve Bank of India has granted approval for the re-appointment of Shri B Ramesh Babu as Managing Director and Chief Executive Officer of karur vysya bank for a third term. The approval, conveyed through RBI's letter dated April 24, 2026, authorizes a two-year term commencing from July 29, 2026.

Regulatory Approval Details

The RBI's approval was communicated in continuation to the bank's earlier letter bearing reference IRC: F48:16:30:2026 dated January 23, 2026. The intimation has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Exchange Communication

The bank has formally communicated the RBI approval to both the National Stock Exchange of India Ltd and BSE Limited. The intimation was signed by Srinivasarao Maddirala, Company Secretary and Deputy General Manager of the bank, on April 24, 2026.

The re-appointment approval marks a significant development in the bank's leadership continuity, with Shri B Ramesh Babu set to continue at the helm of Karur Vysya Bank for another two-year period beginning July 2026.

Key Reference Information

Karur Vysya Bank has officially announced the opening of its 902nd branch in Thirupuvanam, Sivaganga District, scheduled for April 27, 2026. The announcement was made through a formal regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Branch Opening Details

The new branch represents a significant milestone in the bank's ongoing network expansion strategy. The facility will be strategically positioned to serve customers in the Thirupuvanam area and surrounding regions.

Regulatory Compliance and Communication

The bank's formal communication was addressed to both the National Stock Exchange of India Ltd and BSE Limited on April 22, 2026. The announcement was signed by Srinivasarao M, Company Secretary & Deputy General Manager, demonstrating the bank's commitment to maintaining transparency with its stakeholders and regulatory compliance.

The communication was made under the bank's scrip codes KARURVYSYA for NSE and 590003 for BSE, ensuring proper disclosure to all relevant stock exchanges.

Strategic Network Expansion

This branch opening underscores Karur Vysya Bank's continued focus on expanding its physical presence across Tamil Nadu. The Thirupuvanam branch will enhance the bank's reach in Sivaganga District, providing comprehensive banking services to the local community and businesses.

The strategic location on Madurai Mandapam Main Road is expected to offer convenient access for customers in the region. The new branch will provide the bank's complete range of banking products and services, contributing to enhanced financial inclusion and accessibility in semi-urban markets.