Karur Vysya Bank Participates in 17th IIFL Global Investors Meet

1 min read     Updated on 26 Feb 2026, 08:14 AM
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Reviewed by
Naman SScanX News Team
Overview

Karur Vysya Bank participated in the 17th Enterprising India Global Investors meet organized by IIFL on February 25, 2026, at Hotel Trident BKC, Mumbai. The bank's senior management team, including MD & CEO Shri B Ramesh Babu and Deputy General Manager Shri Ramaswamy G V, engaged with institutional investors and analysts in physical group and one-to-one meetings. The bank confirmed compliance with regulatory requirements, sharing only publicly available information without disclosing any unpublished price-sensitive information during the interactions.

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*this image is generated using AI for illustrative purposes only.

Karur Vysya Bank participated in the 17th Enterprising India Global Investors meet organized by IIFL on February 25, 2026, as part of its ongoing investor engagement activities. The event was held at Hotel Trident BKC, Mumbai, featuring both physical group meetings and one-to-one interactions with institutional investors and analysts.

Management Participation

The bank's senior leadership team actively participated in the investor meet, ensuring direct communication with the investment community. The following executives represented Karur Vysya Bank:

Position Name
Managing Director & Chief Executive Officer Shri B Ramesh Babu
Deputy General Manager - FCD Shri Ramaswamy G V

Regulatory Compliance and Disclosure

The bank filed this disclosure under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following its earlier intimation dated February 11, 2026. The participation was conducted in full compliance with regulatory requirements regarding investor interactions.

Karur Vysya Bank emphasized that only information available in the public domain was shared and discussed during the meet. The bank specifically confirmed that no Unpublished Price Sensitive Information (UPSI) was disclosed during any interactions with institutional investors or analysts.

Voluntary Disclosure Framework

This disclosure represents a voluntary submission in accordance with NSE's Guidance Note on disclosures pertaining to analysts and institutional investors meet and best practices, dated July 29, 2022. The bank's proactive approach to transparency demonstrates its commitment to maintaining open communication channels with the investment community while adhering to regulatory guidelines.

The investor meet provided a platform for institutional investors and analysts to engage directly with Karur Vysya Bank's management team, facilitating better understanding of the bank's operations and strategic direction through publicly available information.

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.61%+3.96%+27.65%+54.07%+94.03%+567.78%

RBI Grants Fresh Approval to ICICI AMC for 9.95% Stake Acquisition in Karur Vysya Bank

2 min read     Updated on 13 Feb 2026, 12:10 PM
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Reviewed by
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Overview

Reserve Bank of India has granted fresh approval to ICICI Prudential Asset Management Company Ltd for acquiring up to 9.95% stake in Karur Vysya Bank, effective February 10, 2026. The approval replaces an expired earlier approval from December 29, 2023, and comes with strict regulatory conditions including a one-year acquisition timeline and compliance with banking regulations. ICICI AMC must ensure aggregate holding never exceeds 9.95% and requires prior RBI approval for increases if holding falls below 5%.

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*this image is generated using AI for illustrative purposes only.

Karur Vysya Bank has received regulatory clearance for a significant shareholding acquisition, as the Reserve Bank of India grants fresh approval to ICICI Prudential Asset Management Company Ltd for stake acquisition. The approval, dated February 10, 2026, allows ICICI AMC and group entities of ICICI Bank Limited to acquire up to 9.95% shareholding in the private sector bank.

RBI Approval Details

The Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC), along with group entities of ICICI Bank Limited, for acquiring aggregate holding of up to 9.95% of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd. This approval was granted with reference to the application made by ICICI AMC to the central bank.

Parameter: Details
Approval Date: February 10, 2026
Maximum Stake: Up to 9.95%
Acquiring Entity: ICICI Prudential Asset Management Company Ltd
Group Entities: ICICI Bank Limited group entities
Approval Type: Fresh approval replacing expired earlier approval

Regulatory Conditions and Compliance

The RBI approval comes with stringent regulatory conditions that ICICI AMC must adhere to throughout the acquisition process. The approval is subject to compliance with relevant provisions of the Banking Regulation Act, 1949, and Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025.

Additional compliance requirements include:

  • Adherence to provisions of the Foreign Exchange Management Act, 1999
  • Compliance with regulations issued by Securities and Exchange Board of India
  • Following any other applicable statutes, regulations and guidelines

Key Restrictions and Timeline

The approval includes specific operational restrictions designed to maintain regulatory oversight. ICICI AMC faces a one-year deadline from the date of RBI's letter to acquire major shareholding, failing which the approval will stand cancelled. The company must ensure that aggregate holding in Karur Vysya Bank never exceeds 9.95% of the paid-up share capital or voting rights at any time.

Condition: Requirement
Acquisition Timeline: Within one year from February 10, 2026
Maximum Holding: Not to exceed 9.95% at any time
Minimum Threshold: Prior RBI approval needed if holding falls below 5% and needs increase
Cancellation: Automatic if major shareholding not acquired within one year

Further regulatory oversight applies if the aggregate holding of ICICI AMC, along with group entities of ICICI Bank Limited, falls below 5% at any point. In such cases, prior approval from RBI will be required to increase the holding to 5% or more of the paid-up share capital or voting rights.

Background and Previous Approval

This fresh approval replaces an earlier RBI approval that was accorded to ICICI AMC on December 29, 2023, with similar terms and conditions. The bank clarified that the current approval was granted upon expiry of the earlier approval, indicating ICICI AMC's continued interest in acquiring a significant stake in Karur Vysya Bank. The regulatory filing demonstrates the ongoing consolidation trends in India's banking sector, with asset management companies seeking strategic investments in private sector banks.

Historical Stock Returns for Karur Vysya Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.61%+3.96%+27.65%+54.07%+94.03%+567.78%

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1 Year Returns:+94.03%