Karur Vysya Bank has announced a significant internal re-organization of its departments, including the formation of a Centralized Credit Department and the bifurcation of the Operations Department. Consequently, the bank has appointed three key senior management personnel to lead these newly structured divisions. These changes are effective from 01.09.2026, aiming to enhance operational efficiency and strategic focus.
Karur Vysya Bank Announces Major Restructuring
In a strategic move to streamline operations and enhance focus, Karur Vysya Bank has undertaken a significant internal re-organization of its departments. This decision was approved by the Board of Directors during their meeting held on 20th August 2026. The re-organization includes the formation of a new Centralized Credit Department and the bifurcation of the existing Operations Department into two distinct units: Banking Operations and Infrastructure Management Group.
Key Leadership Appointments
Following the departmental restructuring, the bank has also announced key appointments for senior management roles, effective from 1st September 2026:
Shri V S R A Kumar Ravutu Appointed Chief Credit Officer
Shri V S R A Kumar Ravutu has been appointed as the Chief Credit Officer. In his previous role, he headed the Credit Monitoring and Recovery Department. He will now lead the newly formed Centralized Credit Department, bringing his extensive experience in credit management to this pivotal role. Shri Ravutu has over 34 years of experience in the banking industry, with prior roles at Axis Bank and SIDBI.
Shri Vijayakumar P V to Head Infrastructure Management
Shri Vijayakumar P V, who was previously the General Manager and Head of the Operations Department, has been redesignated as the Head of Infrastructure Management Group. This new role comes as a consequence of the Operations Department’s bifurcation. Shri P V brings over 30 years of banking experience, including extensive background in branch banking and operations, and has been leading the Operations Department since May 2025.
Shri Thota Phani Kumar Appointed Head of Banking Operations
Shri Thota Phani Kumar has been newly appointed in the rank of General Manager and will head the Banking Operations division. He has a distinguished career spanning several years, having managed various critical units across major banks like Central Bank of India, Axis Bank, and ICICI Bank. Prior to this appointment, he served as the Chief Operating Officer of Samunnati Finance Pvt Ltd.
These appointments and re-organizations are intended to further strengthen the bank’s operational framework and strategic direction.
Source: BSE
