Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  Karur Vysya Bank appoints Ramesh Babu Boddu as MD & CEO
BackBack

Karur Vysya Bank appoints Ramesh Babu Boddu as MD & CEO

Boddu's three-year tenure is effective from the date of taking charge
  • In January this year, Karur Vysya Bank had said that Managing Director and CEO P R Seshadri has resigned citing personal reasons
  • Shares of Karur Vysya Bank were trading at ₹31.70 apiece on the BSE, up 0.79 per cent over its previous close.Premium
    Shares of Karur Vysya Bank were trading at 31.70 apiece on the BSE, up 0.79 per cent over its previous close.

    Karur Vysya Bank on Tuesday announced that it has appointed Ramesh Babu Boddu as Managing Director and Chief Executive Officer. In a regulatory filing Karur Vysya Bank said its board of directors in a meeting held on July 20, have co-opted Ramesh Babu Boddu as an additional director and appointed him as the MD and CEO of the bank for a period of three years.

    Boddu's three-year tenure is effective from the date of taking charge, on the terms and conditions approved by Reserve Bank of India, the filing said.

    In January this year, Karur Vysya Bank had said that Managing Director and CEO P R Seshadri has resigned citing personal reasons.

    In June, the bank had reported a 39.5 per cent jump in net profit at 83.70 crore for the quarter ended March 2020 on higher income from other sources. It had posted a net profit of 60.02 crore during the corresponding period of 2018-19.

    Income during the quarter under review rose to 1,803.15 crore from 1,746.04 crore in last quarter of 2018-19.

    Shares of Karur Vysya Bank were trading at 31.70 apiece on the BSE, up 0.79 per cent over its previous close.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 21 Jul 2020, 11:51 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App

    Chat with MintGenie