Karur Vysya Bank , a prominent player in the Indian banking sector, has announced a significant reduction in its key lending rates, effective September 27. The bank has decided to lower both its Base Rate and Benchmark Prime Lending Rate (BPLR) by 70 basis points, a move that could potentially benefit borrowers across various segments.

Key Rate Changes

The Base Rate, which serves as the minimum interest rate for most loans, will decrease from 11.85% to 11.15%. Simultaneously, the Benchmark Prime Lending Rate (BPLR) will be reduced from 16.85% to 16.15%. These rate cuts represent a substantial 70 basis point reduction in both key lending rates.

Impact on Borrowers

This rate revision is expected to have a positive impact on both existing and potential borrowers of Karur Vysya Bank. Customers with loans linked to the Base Rate or BPLR may see a reduction in their interest obligations, potentially leading to lower EMIs or shorter loan tenures, depending on the terms of their agreements.

Regulatory Compliance

In compliance with regulatory requirements, Karur Vysya Bank has duly informed the stock exchanges about this decision. The communication was made on September 25, two days prior to the effective date of the rate change, ensuring transparency and timely disclosure to the market.

Other Recent Developments

While the interest rate revision is the primary focus, it's worth noting that Karur Vysya Bank has been active on other fronts as well:

1. Credit Rating Reaffirmation: On September 24, CRISIL reaffirmed the bank's 'CRISIL A1+' rating for its Certificate of Deposits Programme worth Rs. 5,000 crore, indicating a strong credit profile.

2. Network Expansion: The bank is set to inaugurate a new branch in Pallikaranai, Chennai, on September 29, furthering its physical presence in key markets.

3. Leadership Changes: The bank has appointed Shri R Ganesan as the new Head of Internal Audit, effective October 1, succeeding Shri L Murali who is retiring.

4. Board Addition: Dr. Mythili Vutukuru, an Associate Professor at IIT Bombay with expertise in computer systems and technology governance, has been co-opted as an Additional Director in the Independent Category on September 24.

These developments, alongside the interest rate revision, reflect Karur Vysya Bank's ongoing efforts to enhance its operational efficiency, governance, and market competitiveness in the evolving banking landscape.

As the new rates take effect, borrowers are advised to review their loan agreements and consult with the bank to understand how these changes might affect their specific financial arrangements.

Karur Vysya Bank , a prominent player in the Indian banking sector, has announced significant changes to its leadership team, demonstrating its commitment to strengthening governance and internal processes.

New Independent Director Appointment

The bank's Board of Directors, in a meeting held on September 24, 2025, has appointed Dr. Mythili Vutukuru as an Additional Director in the Independent Category. Dr. Vutukuru brings a wealth of expertise in computer systems, networking, and cloud computing to the bank's leadership.

Dr. Vutukuru is currently an Associate Professor in the Department of Computer Science and Engineering at the Indian Institute of Technology (IIT) Bombay. Her impressive academic background includes:

• B.Tech. in Computer Science and Engineering from IIT Madras
• MS and PhD degrees in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology (MIT)

With a career spanning academia and industry, Dr. Vutukuru has published research in prestigious venues and won several fellowships. Her experience includes advising mid-corporates and startups in the technology domain, as well as serving as an external expert in the Standing Committee on Technology at NSE Clearing Limited since 2021.

The appointment of Dr. Vutukuru is subject to shareholder approval within three months, as per SEBI regulations.

New Head of Internal Audit

In another key move, Karur Vysya Bank has appointed Shri R Ganesan as the new Head of Internal Audit, effective October 1, 2025. Ganesan, who has been with the bank for 34 years, will succeed Shri L Murali, who is set to retire on September 30, 2025.

Ganesan's appointment is proposed for a minimum period of three years. His extensive experience within the bank includes roles in various departments such as:

• Branch Banking
• Divisional office
• Back Office

Most recently, he has been serving as General Manager in the Inspection & Audit department since July 2025.

Employee Stock Option Plan

The bank also announced the allotment of 22,893 equity shares with a face value of ₹2 each under the KVB ESOS 2018 scheme. This move aligns with the bank's strategy to incentivize and retain key talent.

These strategic appointments and equity allotment reflect Karur Vysya Bank's focus on enhancing its technological capabilities, strengthening internal controls, and rewarding employee performance. As the banking sector continues to evolve, these moves position the bank to navigate future challenges and opportunities in the financial landscape.