Karur Vysya Bank Announces Resignation of General Manager, Head - CIG
Karur Vysya Bank Limited confirmed the resignation of Shri Shekhar Ramarajan from his role as General Manager and Head of the Corporate & Institutional Group (CIG). The resignation, which was tendered on April 13, 2026, was accepted by the Bank, citing personal reasons for his departure.Shri Ramarajan's departure concerns the Corporate & Institutional Group (CIG) division, which operates within the business portfolio overseen by the Executive Director.
The Bank stated that due to sufficient internal leadership and oversight, it is well-positioned to ensure continuity in the management requirements of the Head - CIG role.
The resignation details indicate that the notice period is three months, establishing a tentative date of relieving by July 12, 2026, or an earlier date mutually decided by both parties.
The core details of Shri Shekhar Ramarajan’s change in role are summarized below:
| Description | Detail |
|---|---|
| Name | Shri Shekhar Ramarajan |
| Designation | General Manager & Head - Corporate & Institutional Group (CIG) |
| Reason for Change | Resignation |
| Date of Cessation (Relieving) | July 12, 2026, or earlier mutually decided date |
| Term of Appointment | Not Applicable |
The internal management structure of the CIG division remains overseen by the Executive Director, providing operational stability during the transition period.
KARURVYSYA Stock Price Movement
Today, Karur Vysya Bank Limited shares shed 0.28% to settle at ₹280.5. The stock traded on a volume of 2.63 million shares, ending its session well above its intraday low of ₹273.1.Source:
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