Share Holder FAQ Rights of shareholders

1. Who are the promoters of The Karur Vysya Bank Ltd.,?

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 inter alia has been represented by the family members of the promoter-directors since inception. The Bank is presently professionally managed.

The Managing Director and Chief Executive Officer of the bank Shri B. Ramesh Babu is a professional banker appointed by the board with the prior approval of Reserve Bank of India. The Managing Director and Chief Executive Officer are 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.

2. Where is the Registered and Central office of The Karur Vysya Bank Ltd., Located?

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 below:

The Karur Vysya Bank Limited,
Regd & Central Office,
No. 20, Erode Road,
Vadivel Nagar, L.N.S.,
Karur - 639002.
Tel: 04324 - 226520
Fax: 04324 - 225700
E-mail: kvb_sig@kvbmail.com

CIN No: L65110TN1916PLC001295

3. What is the Paid-Up Share Capital of The Karur Vysya Bank Ltd.,?

Authorized Capital of the bank is Rs. 200,00,00,000/- and the paid up capital of the bank is Rs. 159,86,41,438/- as on 31.03.2021.

4. What were the rates of Dividend declared and paid by The Karur Vysya Bank Ltd., in the last 5 years?

Year Rate of Dividend
2016-17 130%
2017-18 30%
2018-19 30%
2019-20 Nil*
2020-21 25%

* Due to RBI restriction on Banks for declaring dividend, bank has not declared dividend for that year.

5. On which Stock Exchanges are the shares of the Bank listed?

The Bank’s equity shares are listed only on National Stock Exchange of India Limited, Mumbai.

6. What were dates of the last Book Closure of The Karur Vysya Bank Ltd.?

The Register of Members and Share Transfer Books of the Bank was closed from Tuesday, July 27, 2021 to Wednesday, August 11, 2021 (both days inclusive).

7. When was the last AGM of The Karur Vysya Bank Ltd., held?

11th August 2021.

8. How to Register/Update the PAN, Address, Mobile No., E-mail Id, Nomination and Bank Account Details of Shareholders?

In case of shares held in physical form, the registration/updation of PAN, Address, Mobile No., E-mail Id, Nomination and Bank Account Details should be communicated to Bank’s Registrar and Transfer Agent (i.e., M/s. S.K.D.C Consultants Limited) by submitting the below duly filled forms.

Specimen Letter sent to Shareholders for updation of KYC : Specimen Letter

Service Request Form : Form ISR-1

Updation of Signature : Form ISR-2

Registration of Nomination : Form SH-13

Cancellation or Variation of Nomination : Form SH-14

Declaration for Opting-Out of Nomination : Form ISR-3

Duplicate Certificate and other Service Requests : Form ISR-4

In case of shares held in Demat form (electronic mode), the registration/updation of PAN, Address, Mobile No., E-mail Id, Nomination and Bank Account Details should be communicated to the respective Depository Participant (DP) with whom the beneficial owner maintains Demat account.

9. With whom the shareholders have to take up for the queries relating to dividends?

Company Secretary,
The Karur Vysya Bank Ltd.,
Shares Department,
Regd & Central Office,
No. 20, Erode Road,
Vadivel Nagar, L.N.S.,
Karur - 639 002.
Tel: 04324 -269441
Fax: 04324 - 225700
E-mail: kvb_sig@kvbmail.com
Website: www.kvb.co.in

10. Who are the members of The Karur Vysya Bank Ltd., Customer Service and Stakeholders Relationship Committee?

The Committee comprises of the following Directors.

  • Shri Dr. V G Mohan Prasad, Chairman of the Committee.
  • Shri B Ramesh Babu, MD & CEO
  • Smt CA. K. L. Vijayalakshmi,
  • Shri R Ramkumar.

11. What are the functions of the Customer Service and Stakeholders Relationship Committee?

The terms of reference of the Committee include:

(1) It shall consider and resolve the grievances of security holders of the Bank. It also shall look into the grievances of the shareholders relating to transfer and transmission of shares, non-payment of dividend, non-receipt of share certificates, etc.,

(2) The terms of reference as regards customer services would include the following as per RBI guidelines:

To address the formulation of a comprehensive deposit policy, product approval process, an annual survey of depositors’ satisfaction, tri-annual audit of such services and to review the performance of the Standing committee on Customer Service periodically.

12. Who are the members of the Audit Committee?

The Committee comprises of the following Directors.

  • Smt CA. K. L. Vijayalakshmi, Chairperson of the Committee.
  • Shri Dr. V G Mohan Prasad,
  • Shri A K Praburaj,
  • Shri KG Mohan.

13. Corporate Governance

KVB has established a tradition to achieve business excellence and maximizing 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 continuing 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 visualized goal, the bank emphasizes maintaining its image of sound banking system built upon a high level of ethical conduct.

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