Private sector lender, Karur Vysya Bank has decided to hand over the charges of CEO to Mr K. Venkataraman with effect from June 01, 2011.

Venkataraman is now working as Managing Director and CEO of SBI Global Factors.

He will be given way by Mr P. T. Kuppuswamy, the present MD of the bank.

The bank has mentioned that RBI has appointed Mr Venkataraman as the CEO of KVB for a period of three years on the recommendation of the bank.