The Board of Directors of Karur Vysya Bank (KVB) has approved the re-appointment of CA Dr Chinnasamy Ganesan (DIN: 07615862) as a Non-executive Independent Director. This re-appointment is for a second term of Five (5) years, commencing on April 25, 2026, and concluding on April 24, 2031. The proposal is now subject to approval by the Bank’s shareholders. Dr. Ganesan possesses extensive experience in financial reporting, audit, and corporate advisory.
KVB Board Decision on Director Tenure
In a meeting held on March 04, 2026, the Board of Directors of Karur Vysya Bank (KVB) reached a significant resolution regarding the tenure of one of its key independent members.
The primary decision was the approval for the re-appointment of CA Dr Chinnasamy Ganesan (DIN: 07615862) to serve a second term as a Non-executive Independent Director of the Bank. His current term is set to expire on April 24, 2026.
Details of the New Term
The proposed second term is for a duration of Five (5) years. This new tenure is scheduled to commence on April 25, 2026, and conclude on April 24, 2031. As per standard corporate procedure, this re-appointment remains subject to the requisite approval from the shareholders of the Bank.
Profile Highlights of Dr. Ganesan
CA Dr Chinnasamy Ganesan is a highly seasoned Chartered Accountant with over three decades of professional involvement spanning audit, assurance, taxation, and corporate advisory services, particularly within the banking and financial services sector.
- He specializes in Financial Reporting, covering Ind AS, IFRS, and US GAAP, and holds an Honorary Doctorate for his contributions to IFRS.
- His experience includes assisting 80+ companies in transitioning to Ind AS standards.
- He currently serves as an Independent Director in Belstar Microfinance Limited and is a partner at RKCG & Associates LLP.
- He previously served as an Independent Director on the Board of RailTel Corporation of India Limited, a Mini-Ratna PSU.
The Bank confirmed that Dr. Ganesan is not related to any other Director serving on the Board.
Meeting Conclusion
The Board meeting commenced at 10.00 A.M. and concluded its proceedings at 06.45 Р.М.
Source: BSE
