Karur Vysya Bank Limited

Karur Vysya Bank Limited

Karur Vysya Bank's Board of Directors has set August 5, 2026, for its 107th Annual General Meeting (AGM). The Board also fixed July 24, 2026, as the record date for the proposed dividend for FY 2025-26, with payment expected on or after August 6, 2026, pending shareholder approval. Additionally, 22,570 equity shares were allotted to senior management under the KVB ESOS 2018 Scheme.

Karur Vysya Bank Limited

Karur Vysya Bank Limited has announced a revision in its Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and BPLR, effective from June 22, 2026. The bank increased its MCLR across all tenors by 10 basis points (bps). For instance, the Overnight MCLR will rise from 8.65% to 8.75%, and the One-year MCLR from 9.15% to 9.25%. This upward adjustment in lending rates is typically seen as positive for the bank's financial performance, potentially leading to improved Net Interest Margins (NIMs) on new and repriced loans.

Karur Vysya Bank Limited

Karur Vysya Bank has partnered with Tambaram City Municipal Corporation to launch a Sponge Park in Mullai Nagar, a nature-based urban infrastructure project aimed at enhancing groundwater recharge, mitigating flooding, and creating sustainable community spaces.