Management Change29 Jul 2026, 06:41 pm
Karnataka Bank Appoints Parthasarathi Periaswamy as Independent Director
AI Summary
Karnataka Bank Ltd has appointed Mr. Parthasarathi Periaswamy as an Additional Director in the category of Independent Director for a term of four years, effective July 29, 2026. This appointment is subject to shareholder approval. Mr. Periaswamy brings extensive experience in technology and cybersecurity from his roles at the Reserve Bank of India and IDRBT, focusing on strengthening financial sector resilience and governance.
Key Highlights
- Parthasarathi Periaswamy appointed as Independent Director.
- Appointment is for a four-year term starting July 29, 2026.
- Subject to shareholder approval.
- Periaswamy has deep expertise in banking technology and cybersecurity.
- Appointment aims to enhance bank's resilience and governance.
Price Impact
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