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OrPenaltyDomain25900032024-12-31ImpositionOfFineOrPenaltyDomain35900032024-12-31ImpositionOfFineOrPenaltyDomain45900032024-12-31ImpositionOfFineOrPenaltyDomain55900032024-12-31ImpositionOfFineOrPenaltyDomain65900032024-12-31ImpositionOfFineOrPenaltyDomain75900032024-12-31ImpositionOfFineOrPenaltyDomain85900032024-12-31ImpositionOfFineOrPenaltyDomain95900032024-12-31OngoingTaxLitigationsOrDisputesDomain1xbrli:pure590003KARURVYSYANOTLISTEDINE036D01028Karur Vysya Bank Limited2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseThe Bank does not hold shares or voting rights in any unlisted public companies aggregating to 5% or any subsequent change in holding exceeding 2% in terms of the provisions of Para A(1) of Part A of Schedule III of SEBI (LODR) Regulation, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024truetrueTop 500 listed entitiestrueK00410OriginalRBI vide its letter dated 11.07.2022 accorded its approval for appointment of Dr. Meena Hemchandra as Part-time Chairman of the Bank for a period of 3 years w.e.f. 25.07.2022.truefalseMrsMEENA HEMCHANDRA05337181Non-Executive - Independent DirectorChairperson1957-11-20falseActiveNA2022-05-262022-05-2631.062221MrRAMESH BABU BODDU06900325Executive DirectorNot Applicable1960-04-16falseActiveNA2020-07-292023-07-291010MrRAMKUMAR RAJASEKARAN00275622Non-Executive - Non Independent DirectorNot Applicable1982-10-14falseActiveNA2018-06-252024-08-141020MrKRISHNAN GANAPATHY MOHAN08367265Non-Executive - Independent DirectorNot Applicable1952-10-12falseActiveNA2020-02-012022-10-12591131MrHARSHAVARDHAN RAGHUNATH01675460Non-Executive - Independent DirectorNot Applicable1966-03-23falseActiveNA2020-07-302023-07-3053.021100MrMURALI RAMASWAMI08659944Non-Executive - Independent DirectorNot Applicable1960-12-20falseActiveNA2022-06-142022-06-1430.182211MrCHINNASAMY GANESAN07615862Non-Executive - Independent DirectorNot Applicable1963-05-25falseActiveNA2023-04-252023-04-2520.061132MrRAMANI VIDHYA SHANKAR00002498Non-Executive - Independent DirectorNot Applicable1970-03-25falseActiveNA2024-04-222024-04-228.092252MrNATARAJAN JAGANNATHAN02710776Executive DirectorNot Applicable1960-07-05falseActiveNA2024-05-222024-05-221010MrsSRIMATHY SRIDHAR10627997Non-Executive - Independent DirectorNot Applicable1964-05-22falseActiveNA2024-09-262024-09-263.051100In terms of Companies Act, 2013 and SEBI (LODR), Bank has formed the following Committees i.e., Audit Committee, NRC, Risk Management & Asset Liability Management Committee, Customer Service & Stakeholders' Relationship Committee, CSR & ESG Committee. Other than above, Bank has formed four Committees in terms of Banking Regulation requirements and one non-statutory Committee.truetruetruetruetrueAudit Committee07615862CHINNASAMY GANESANNon-Executive - Independent DirectorChairperson2023-05-16CA Dr Chinnasamy Ganesan was inducted as member and appointed as Chairman of the committee w.e.f. 16-05-2023Audit Committee00275622RAMKUMAR RAJASEKARANNon-Executive - Non Independent DirectorMember2023-08-27Audit Committee08367265KRISHNAN GANAPATHY MOHANNon-Executive - Independent DirectorMember2024-04-01Audit Committee00002498RAMANI VIDHYA SHANKARNon-Executive - Independent DirectorMember2024-08-20Nomination and remuneration committee08367265KRISHNAN GANAPATHY MOHANNon-Executive - Independent DirectorChairperson2022-05-27 Shri K G Mohan was appointed as Chairperson to the committee w.e.f. 26-05-2024.Nomination and remuneration committee05337181MEENA HEMCHANDRANon-Executive - Independent DirectorMember2022-08-30Nomination and remuneration committee08659944MURALI RAMASWAMINon-Executive - Independent DirectorMember2024-05-26Stakeholders Relationship Committee00002498RAMANI VIDHYA SHANKARNon-Executive - Independent DirectorChairperson2024-08-20Shri Ramani Vidya Shankar was inducted as member and appointed as Chairperson to the committee w.e.f 20-08-2024Stakeholders Relationship Committee06900325RAMESH BABU BODDUExecutive DirectorMember2020-08-28Stakeholders Relationship Committee00275622RAMKUMAR RAJASEKARANNon-Executive - Non Independent DirectorMember2022-12-09Stakeholders Relationship Committee08367265KRISHNAN GANAPATHY MOHANNon-Executive - Independent DirectorMember2022-08-30Stakeholders Relationship Committee02710776NATARAJAN JAGANNATHANExecutive DirectorMember2024-06-19Risk Management Committee01675460HARSHAVARDHAN RAGHUNATHNon-Executive - Independent DirectorChairperson2020-12-01Dr. Harshavardhan Ragunath was inducted as member and appointed as Chairperson to the committee w.e.f. 01-12-2020Risk Management Committee05337181MEENA HEMCHANDRANon-Executive - Independent DirectorMember2022-08-30Risk Management Committee06900325RAMESH BABU BODDUExecutive DirectorMember2020-08-28Risk Management Committee00002498RAMANI VIDHYA SHANKARNon-Executive - Independent DirectorMember2024-08-20Risk Management Committee02710776NATARAJAN JAGANNATHANExecutive DirectorMember2024-06-19Corporate Social Responsibility Committee06900325RAMESH BABU BODDUExecutive DirectorChairperson2020-08-28Shri. B. Ramesh Babu was inducted as member and appointed as Chairperson to the committee w.e.f. 28-08-2020Corporate Social Responsibility Committee05337181MEENA HEMCHANDRANon-Executive - Independent DirectorMember2024-08-20Corporate Social Responsibility Committee01675460HARSHAVARDHAN RAGHUNATHNon-Executive - Independent DirectorMember2024-01-23Corporate Social Responsibility Committee08659944MURALI RAMASWAMINon-Executive - Independent DirectorMember2023-08-27Corporate Social Responsibility Committee02710776NATARAJAN JAGANNATHANExecutive DirectorMember2024-06-192024-07-18true9962024-08-1931true9962024-09-2637true9962024-10-1720true101072024-11-2841true101072024-12-2425true10107Audit Committee2024-07-18true4430Audit Committee2024-08-0517true4430Audit Committee2024-09-2449true4430Audit Committee2024-10-1722true4430Audit Committee2024-12-2063true4430Nomination and remuneration committee2024-07-08true3330Nomination and remuneration committee2024-08-1941true3330Nomination and remuneration committee2024-10-1657true3330Nomination and remuneration committee2024-11-2842true3330Stakeholders Relationship Committee2024-08-29true5520Risk Management Committee2024-08-311true5530Risk Management Committee2024-10-0938true5530Risk Management Committee2024-12-0455true5530Corporate Social Responsibility Committee2024-07-08true4420Corporate Social Responsibility Committee2024-12-12156true5530truetruetruetrueYestruetruetrueCorporate Governance Report as on 30-09-2024 was placed in the Board Meeting held on 28.11.2024 and taken on record. Composition of Committees are as per RBI/SEBI guidelines and provisions of Companies Act, 2013. Maximum tenure of Non-Executive Director is 8 years from the date of co-option as per RBI guidelines.Srinivasarao MCompany Secretary and Compliance OfficerfalseSrinivasarao MCompany Secretary and Compliance OfficerKarur2025-02-1201100Reserve Bank of IndiaPenalty levied by RBI2024-10-11Cash-outs in ATM reported during the month of August 2024Rs.10,000 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-10-29Deficiencies observed during processing of soiled note remittancesRs.1,100 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-11-08Deficiencies observed in providing exchange of Soiled / Mutilated notes and nonissuance / Acceptance of coinsRs.20,000 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-11-09Deficiencies observed during processing of soiled note remittancesRs.14,075 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-11-14Deficiencies observed during processing of soiled note remittances and not providing exchange of Soiled / Mutilated notesRs.10,250 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-11-28Deficiencies observed during processing of soiled note remittancesRs.10,600 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-12-03Discrepancies observed during inspection at currency chestRs.10,000 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-12-17Deficiencies observed during processing of soiled note remittances.Rs.2,800 levied as penaltyReserve Bank of IndiaPenalty levied by RBI2024-12-20Non exchange of Soiled / Mutilated notes to the general publicRs.10,000 levied as penaltyParty 1 - State Tax Officer, Team Head, Audit Team-2, Office of the Joint Commissioner (ST), Erode Division. Party 2 – The Joint Commissioner (ST), Erode Division2024-12-17Hon’ble High Court of Madras has extended the interim stay granted in the matter till the next date of hearing i.e., Feb 14, 2025.No change in status since last disclosure made to stock exchanges on 21.01.2025.