Management Change31 Jul 2026, 11:40 am
Karnataka Bank Appoints Parthasarathi Periaswamy as Additional Director
AI Summary
Karnataka Bank Ltd has appointed Mr. Parthasarathi Periaswamy as an Additional Director (Non-Executive, Independent) for a term of four years, effective July 29, 2026. This appointment is subject to shareholder approval. Mr. Periaswamy brings over three decades of experience in technology and cybersecurity within India's financial sector, including significant roles at the Reserve Bank of India and IDRBT. His expertise is expected to bolster the bank's digital initiatives and cybersecurity governance.
Key Highlights
- Parthasarathi Periaswamy appointed Additional Director (Non-Executive, Independent).
- Appointment is for a period of four years, effective July 29, 2026.
- Requires shareholder approval as per SEBI LODR and Companies Act.
- Periaswamy has extensive experience in IT and cybersecurity in the financial sector.
- His expertise will strengthen the bank's digital initiatives and resilience.
Price Impact
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