Karur Vysya Bank has announced the allotment of equity shares to its top executive as part of the employee stock option scheme. The bank's board approved the allocation during its meeting on January 23, 2026, in compliance with regulatory disclosure requirements.

Share Allotment Details

The bank's board meeting resulted in the allotment of equity shares under the established employee compensation framework. The allocation represents a significant component of the executive compensation structure for the previous financial year.

Board Meeting Information

The board meeting that approved this allotment was conducted on January 23, 2026, with specific timing details recorded for regulatory compliance. The meeting commenced at 12:30 PM and concluded at 6:10 PM, indicating comprehensive deliberations during the session.

Regulatory Compliance

The allotment was announced pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates timely disclosure of material events and corporate actions to ensure transparency for investors and market participants.

The shares allocated form part of the MD & CEO's compensation structure, specifically representing the non-cash component of variable pay for FY 2021-22. This approach aligns executive compensation with long-term shareholder interests through equity participation.

Karur Vysya Bank Limited's board of directors has approved the re-appointment of Shri B Ramesh Babu as Managing Director and CEO for a third consecutive term. The decision was taken during a board meeting held on January 23, 2026, marking another milestone in the bank's leadership continuity.

Board Decision and Regulatory Compliance

The board approved Babu's re-appointment for a period of two years, effective from July 29, 2026. This decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The re-appointment is contingent upon approvals from the Reserve Bank of India and the bank's shareholders, as required under the Companies Act, 2013, Banking Regulation Act, 1949, and relevant RBI guidelines.

The bank confirmed that Babu is not debarred from holding the office of Director by any Securities Exchange Board of India order or other regulatory authority, as required under NSE circular NSE/CML/2018/24.

Leadership Profile and Experience

Shri B Ramesh Babu brings extensive banking expertise to his role, with a distinguished career spanning strategic planning and comprehensive managerial experience. He holds a Postgraduate degree in Commerce from Andhra University, Waltair, and is a Certified Associate of the Indian Institute of Bankers. His specialized qualifications include a Diploma in International Factoring from Factors Chain International, Netherlands, where he passed with distinction.

Prior to joining Karur Vysya Bank, Babu served as Deputy Managing Director and Chief Operating Officer at State Bank of India. In this capacity, he oversaw retail business and banking operations for more than 21,000 retail branches and 1,20,000 other touchpoints including ATMs and Customer Service Points. He successfully headed the Chennai Circle operations covering 1,300 branches across Tamil Nadu and Pondicherry for three years.

Bank Performance Under Current Leadership

Since Babu took charge on July 29, 2020, Karur Vysya Bank has demonstrated consistent progress across key performance metrics. The bank's transformation under his leadership reflects significant improvements in growth, profitability, and asset quality.

The bank has maintained consistent growth trajectory from June 2020 to the quarter ended December 2025, with a business growth compound annual growth rate of 14%. The significant improvement in asset quality is evidenced by the reduction in Net NPA from 3.44% to 0.19% during this period.

Current Roles and Industry Involvement

Beyond his role at Karur Vysya Bank, Babu actively participates in industry organizations. He serves as a Member of the Managing Committee and Alternate Chairman of the Corporate Credit Committee in the Indian Banking Association (IBA). Additionally, he holds the position of Director in the Indian Institute of Banking and Finance (IIBF), contributing to the broader banking sector's development and policy formulation.