Share Holder FAQ
The Bank was promoted by Late Shri M A Venkatrama Chettiar and Late Shri Athi Krishna Chettiar, two veteran businessmen of Karur in 1916. The Board of Directors of the Bank interalia has been represented by the family members of the promoter-directors since inception. The Bank is presently professionally managed.
Shri K. P. Kumar is the Non-Executive (Part-Time) Chairman of the Bank.
The Managing Director and Chief Executive Officer the bank Shri K Venkataraman is a professional banker appointed by the Board with the prior approval of Reserve Bank of India. The Managing Director and Chief Executive Officer is entrusted with the day-to-day management of the affairs of the bank and he exercises his powers subject to the superintendence, control and directions of the Board of Directors. The day to day affairs are looked after by the Managing Director and Chief Executive Officer assisted by other executives who are professionals with banking experience.
The Registered and Central Office of the Bank is situated at Karur in the State of Tamil Nadu.
The address of the Registered Office is as under:
The Karur Vysya Bank Limited,
Regd & Central Office: Erode Road, Karur - 639002
Tel: 04324 - 226520 / 225521 - 25
Fax: 04324 - 225700
E.mail:
The paid up capital of the Bank is Rs.100,91,83,294/- as on 30.06.2011.
| Year | Year Rate of Dividend |
| 2006-07 | 100% |
| 2007-08 | 120% |
| 2008-09 | 120% |
| 2009-10 | 120% |
| 2010-11 | 120% |
The Bank's equity shares are listed only on National Stock Exchange of India Limited, Mumbai
25.07.2011 to 27.07.2011 (both days inclusive) for the purpose of Dividend for the Financial Year 2010-11.
27th July 2011
In case shares held in Physical form, the change of address should be communicated to the Registrars and Transfer Agents.
In case shares held in Demat form (Electronic mode) the change of address should only be communicated to the respective Depository Participant (DP) with whom the beneficial owner maintains DP account.
In case shares are held in Physical form, the shareholder who wishes to make a nomination or change the existing nomination, he/she has to take up the matter with the Registrars and Transfer Agents viz: SKDC Consultants Limited, Coimbatore by submitting the prescribed form. The form can be obtained either from the bank / Registrar.
In case shares held in Demat form (Electronic mode) the nomination or change thereof should only be communicated to the respective Depository Participant (DP) with whom the beneficial owner maintains DP account.
The shareholders have to take up any querries relating to dividends with the Registrar and
Transfer Agents viz: SKDC Consultants Limited, Coimbatore.
SKDC Consultants Limited., Kanapathy Towers, 3rd Floor,
1391/A-1, Sathy Road, Ganapathy, Coimbatore – 641 006.
Tel: 0422 – 6549995 / 2539835 - 836
Fax: 0422 - 2539837
Email:
The share holders may also contact Shares Department of the Bank at the following address for queries regarding Dividends
Company Secretary,
The Karur Vysya Bank Ltd.,
Shares Department
Regd. Office: Erode Road,
Karur 639 002.
Tel: 04324 - 226520/ 225521 - 25
Fax: 04324 - 225700
E-mail:
The Shareholders/Investors Grievance Committee was rechristened as Customer Service and Shareholders/Investors Grievance Committee in the Board Meeting held on 27.09.2004. the following directors are the members of the Committee.
- Shri K P Kumar, Chairman
- Shri K Venkataraman, Managing Director and Chief Executive Officer
- Shri K Parameshwara Rao
The terms of reference of the Committee include:
- To look into redressal of shareholders complaints relating to share transfers and transmissions, non receipt of dividends and annual reports etc.
- To consider Transfer of shares.
- To look into the redressal of grievances of customers of the Bank inconnection with the services extended by the Branches/offices.
The Committee comprises of the following Directors.
- Shri S.Ganapathi Subramanian, Chairman of the Committee
- Shri V.Santhanaraman
- Shri G.Rajasekaran
- Shri A J Suriyanarayana
The role of the Audit Committee inter-alia include the following
- Review of inspection and concurrent audit reports
- Interaction with Statutory and Concurrent Auditors
- Reviewing of the both half yearly and annual financial statements before they are placed before the Board in respect of accounting policies and practices and other requirements concerning financial statements.
- Reviewing of the audit functions, its adequacy and other related matters.
KVB has established a tradition to achieve business excellence and maximising shareholders value by adhering to the basic philosophy of good corporate governance.
KVB's corporate Governance philosophy encompasses dynamism to suit the ever changing needs of the customers, adherence to the best corporate practices code, while continue to remain committed to fairness, transparency, accountability and responsibility.
The goal of the bank is growth and extension of technology driven facilities to meet the ever growing needs of clientele resulting to higher profits and thus satisfying its stakeholders viz: shareholders,, depositors, customers, employees and the society. In order to attain the visualised goal, the bank lays emphasis on maintaining its image of sound banking system built up on high level of ethical conduct.