Hot Pursuit     04-May-23
Karur Vysya Bank gains on appointing Jatla Sivaramakrishna as chief risk officer
Karur Vysya Bank rose 2.01% to Rs 98.67 after the bank has appointed Jatla Sivaramakrishna as chief risk officer of the bank with effect from 3 May 2023 as incumbent Kalyanram has tendered his resignation due to personal reasons.
Jatla Sivaramakrishna is a post graduate in business administration and a graduate in commerce with 29 years of experience in banking. In his career, he has managed diverse functions of credit management, underwriting and operations particularly in MSME sector with leading Banks like CSB Bank, Axis Bank and Yes Bank.

He started his career as an officer in CSB Bank in 1993 and then moved on to Axis Bank, where he held diverse positions ranging from analytical, relationship and leadership roles. In his immediately previous role, he served Yes Bank as cluster business leader for Karnataka and Kerala states, where he was responsible for the growth of the Bank's MSME Portfolio and its asset quality

Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India.

Net profit of Karur Vysya Bank rose 55.97% to Rs 289.29 crore and total income rose 25.8% to Rs 2012.71 crore in Q3 December 2022 over Q3 December 2021.

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