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.

Karur Vysya Bank has delivered a strong financial performance in the third quarter, reporting a significant increase in net profit that underscores the bank's robust operational capabilities and strategic execution.

Financial Performance Highlights

The bank's third quarter results demonstrate substantial growth in profitability, with key metrics showing impressive year-on-year improvements.

Strong Profitability Growth

The bank achieved a net profit of ₹690.00 crores in the third quarter, marking a substantial increase of 38.00% compared to ₹500.00 crores recorded in the same quarter of the previous year. This significant growth in profitability reflects the bank's effective business strategies and operational efficiency improvements.

The year-on-year comparison reveals the bank's consistent ability to enhance its financial performance and generate increased returns. The robust profit growth indicates strong underlying business fundamentals and effective management of the bank's operations during the quarter.

Performance Analysis

The 38.00% increase in net profit demonstrates Karur Vysya Bank's strong competitive position and operational excellence. This substantial growth trajectory reflects the bank's ability to effectively manage its business operations while maintaining profitability standards.

The positive financial results highlight the bank's strategic focus on sustainable growth and efficient resource utilization, contributing to enhanced shareholder value creation during the reporting period.