Karur Vysya Bank elevates key personnel, approves equity allotment

Karur Vysya Bank (KARURVYSYA) announced the elevation and appointment of key senior management personnel following its board meeting on April 30, 2025. Shri Mohan Kumar G, Deputy General Manager, has been elevated to General Manager and appointed as Chief Compliance Officer, effective May 1, 2025. Shri Saravanan S, also a Deputy General Manager, has been promoted to General Manager and will serve as Chief Information Technology Officer. Furthermore, Shri Vijayakumar P V, Deputy General Manager, has been appointed as Head of Operations. Additionally, the board approved the allotment of 18,177 equity shares with a face value of INR2 each under the KVB ESOS 2011 scheme to employees who exercised their options. The announcement complies with SEBI regulations and signifies strategic personnel and equity management decisions.