Karur Vysya Bank has announced a dividend of ₹2.60 per equity share, representing a 130% payout on the face value of ₹2 per share for the financial year ended March 31, 2026. This recommendation is subject to approval from the bank’s shareholders at the upcoming Annual General Meeting.
Dividend Announcement for Shareholders
Following its board meeting held on May 7, 2026, the Board of Directors of Karur Vysya Bank has recommended a dividend of ₹2.60 per equity share. The dividend is declared on shares with a face value of ₹2 each, translating to a dividend rate of 130% for the financial year ending March 31, 2026.
Approval and Next Steps
The proposed dividend payout is currently awaiting approval from the bank’s shareholders at the ensuing Annual General Meeting (AGM). Further details regarding the Record Date for the purpose of dividend entitlement will be communicated to the exchanges and shareholders by the bank in due course.
Meeting Schedule
The board meeting, which took place on May 7, 2026, officially commenced at 12:30 PM. The bank’s financial results for the period were formally approved by the Board at 01:15 PM, after which the meeting continued to address other corporate agenda items.
Source: BSE
