Karur Vysya Bank announces equity allotment, new head of internal audit

Karur Vysya Bank's board of directors met on September 24, 2025, and approved the allotment of 22,893 equity shares of face value of ₹ 2 each under the KVB ESOS 2018 Scheme.

The board meeting also saw significant leadership changes. R Ganesan, general manager, has been appointed as head - internal audit (HIA) effective October 1, 2025, for a minimum period of three years. He succeeds L Murali, who will demit office on September 30, 2025, due to superannuation. Additionally, Mythili Vutukuru, an associate professor at IIT Bombay, was co-opted as an additional director in the independent category, with her appointment subject to shareholder approval.

Following these board decisions, Karur Vysya Bank announced the inauguration of a new branch, branch serial number 895, in Pallikaranai, Chennai, scheduled for September 29, 2025. The new branch will be located at No.1, Krupa Villa, 1st Floor, Varadharajapuram Main Road, Pallikaranai – Chennai- 600100.