Karur Vysya Bank grants 52,017 ESOS options to MD and CEO

Karur Vysya Bank (KVB) has granted 52,017 options under its ESOS 2018 scheme to B Ramesh Babu, the managing director and chief executive of the bank. This intimation, made on December 05, 2025, follows a resolution by the nomination and remuneration committee of the board.

The options are priced at Rs. 247.03 per option, based on the closing price on December 04, 2025, at NSE. This grant constitutes a non-cash component of his variable pay for the fiscal year 2024-25, aligning with his compensation structure as approved by the Reserve Bank of India.

The grant adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The vesting schedule for these options is tiered: 33.33% will vest one year from the grant date, another 33.33% two years from the grant date, and the remaining 33.34% three years from the grant date.

Each option granted will entail one equity share, and upon vesting, these options will be immediately credited to B Ramesh Babu's demat account. This move is part of the bank's broader compensation strategy.