Karur Vysya Bank (KVB) has announced the allotment of 22,893 equity shares under its ESOS 2018 scheme and the appointment of Shri R Ganesan as the new Head of Internal Audit (HIA), effective October 1, 2025. Shri L Murali will step down from the HIA role on September 30, 2025, due to superannuation. The board approved these decisions at its meeting held on September 24, 2025.
Equity Share Allotment
Karur Vysya Bank has allotted 22,893 equity shares, each with a face value of ₹2, under the KVB ESOS 2018 scheme. This decision was made during a board meeting on September 24, 2025.
Appointment of Head of Internal Audit
Shri R Ganesan, currently serving as General Manager, will assume the role of Head – Internal Audit (HIA) starting October 1, 2025. He brings with him 34 years of banking experience since joining the bank as a clerk in 1991, having worked across branch banking, divisional office, back office, and recently in the inspection & audit department since July 2025.
The outgoing Head of Internal Audit (HIA), Shri L Murali, will retire on September 30, 2025, due to superannuation.
Source: BSE
