Announced Fri, 24 Apr · 21:01 IST
Karur Vysya Bank Limited has informed the Exchange regarding 'Approval received from Reserve Bank of India on re-appointment of Shri B Ramesh Babu, Managing Director & CEO of the Bank for third term of two years with effect from July 29, 2026'.
Management Changes View source PDF
KARURVYSYA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹296.00
prior close
₹297.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.3+0.3+0.4-0.6+0.3-1.2+1.0+1.3+8.6-0.8-1.0+1.4+14.7
Up moveDown movePending
AI summary
Reserve Bank of India has approved the re-appointment of Shri B Ramesh Babu as Managing Director and CEO of Karur Vysya Bank for a third term of two years, effective July 29, 2026. This follows a prior communication from January 2026. The RBI conveyed its approval via letter dated April 24, 2026. Babu (DIN: 06900325) will continue in the role for another two years beyond his current term.
Likely market impact
Positive signal for the bank as the leadership continuity is maintained with regulatory approval, providing stability for stakeholders ahead of the upcoming term.