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Karur Vysya Bank share price jumps over 4% as RBI okays reappointment of MD & CEO
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Karur Vysya Bank shares rose over 4% on Monday's trade after the Reserve Bank of India (RBI) approved the bank's request to re-appoint B Ramesh Babu as managing director (MD) and chief executive officer (CEO) for a three-year term. Karur Vysya Bank share price opened at ₹129 apiece on BSE. “In continuation to our letter dated January 23, 2023, we advise that the Reserve Bank of India vide its letter dated 14.07.2023 approved the re-appointment of Shri B Ramesh Babu, Managing Director and CEO of the Bank for second term of three years with effect from July 29, 2023," said the bank in an exchange filing.
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