Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding internal reorganization and changes in senior management personnel
Date of Board Meeting / Approval: 20th August 2026
Board Meeting Timing: Commenced at 10:00 A.M. and concluded at 3:00 P.M.
Corporate Actions:
The Board approved the internal reorganization of departments by:
- Forming a Centralized Credit Department
- Bifurcating the Operations Department into Banking Operations and Infrastructure Management Group
Management Changes:
Appointment 1: Shri V S R A Kumar Ravutu, General Manager
- Appointed as Chief Credit Officer to head the Centralized Credit Department
- Effective from: 01.09.2026
- Term: Proposed up to his superannuation
- Previous assignment: Heading Credit Monitoring and Recovery Department in the Bank
- Experience: Over 34 years in banking industry, previously worked at Axis Bank and SIDBI
- Joined Karur Vysya Bank: August 2017
Appointment 2: Shri Vijayakumar P V, General Manager
- Redesignated as Head of Infrastructure Management Group (consequent to bifurcation)
- Effective from: 01.09.2026
- Term: Proposed up to his superannuation
- Previous role: Head of Operations Department (since May 2025)
- Experience: Over 30 years experience, strong background in Branch banking and Back-office operations
- Joined Karur Vysya Bank: 1996
Appointment 3: Shri Thota Phani Kumar
- Newly appointed in the rank of General Manager
- Will be Heading Banking Operations
- Effective from: 01.09.2026
- Term: Proposed up to his superannuation
- Career background: Began career at Central Bank of India, held various roles across branch banking and trade finance operations at Axis Bank and ICICI Bank
- Most recent position: Chief Operating Officer of Samunnati Finance Pvt Ltd (NBFC)
- Experience: Career spanning over years managing Branch Banking, Trade Finance, Alternate Channels and Business Banking units