Karur Vysya Bank has announced the resignation of Shri Shekhar Ramarajan, who served as the General Manager & Head of the Corporate & Institutional Group (CIG). The resignation, submitted on April 13, 2026, is due to personal reasons. The bank has confirmed that internal leadership oversight is already in place to ensure seamless operational continuity within the division. His tentative last working day is scheduled for July 12, 2026.
Leadership Transition
Karur Vysya Bank has officially acknowledged the departure of Shri Shekhar Ramarajan, the General Manager and Head of the Corporate & Institutional Group. Mr. Ramarajan, who has been associated with the bank for nearly seven years, stated that he is stepping down due to personal reasons, specifically citing a need to relocate to Mumbai.
Operational Continuity
The bank has assured stakeholders that the transition will not impact the functionality of the Corporate & Institutional Group. The division operates under the direct oversight of the Executive Director. With existing leadership structures already firmly in place, the bank maintains that it is well-positioned to ensure smooth management and continued support for the division’s requirements following the departure.
Transition Timeline
Following the formal submission of his resignation on April 13, 2026, the bank has initiated the standard transition process. In accordance with internal policies regarding the mandatory notice period, Mr. Ramarajan’s final day is tentatively set for July 12, 2026, though this date remains subject to mutual adjustment as the transition period progresses.
Source: BSE
