About this report

This is Karur Vysya Bank’s (KVB’s) Integrated Annual Report, prepared with the objective of providing our stakeholders a concise, complete and transparent assessment of our ability to create long-standing values. It provides an in-depth overview of the Bank’s holistic approach to multi-dimensional value creation, covering both tangible and intangible, financial and non-financial aspects of the business.

Basis of preparation

The report seeks to provide a balanced and transparent assessment of how we create value, considering both qualitative and quantitative matters that are material to our operations and strategic objectives, which may influence our stakeholders’ decision-making.

Tribute to our visionary founders

Karur Vysya Bank (KVB) has been serving customers for over a century. Established in 1916 in the small town of Karur, the Bank stands strong after 107 remarkable years in the industry. Two visionaries from Karur, Shri M A Venkatarama Chettiar and Shri Athi Krishna Chettiar came together to establish a Bank that sought to support farmers and traders affected by the First World War.

Chairperson’s message

Dear esteemed Shareholders,

I take immense pleasure in writing this letter to you – my first &foremost – on behalf of the Board of Directors of Karur Vysya Bank.

Before I share with you some context around the several positive developments that unfolded in the Bank during the year under review - which heralds the opportunities in the years to come - I would like to briefly touch upon the broader transitions that impacted us – both global and domestic.

Dr Meena Hemchandra,

Chairperson

Board of Directors

Board diversity

Dr Meena Hemchandra

Non-Executive Independent
(Part-time) Chairperson

Shri B Ramesh Babu

Managing Director and
Chief Executive Officer