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 period of four years, effective July 29, 2026. The 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 national cybersecurity frameworks and banking resilience. He is not related to any existing directors and has not been debarred from holding a director's office.
Key Highlights
- New Independent Director appointed for a four-year term.
- Appointee has deep expertise in banking technology and cybersecurity.
- Appointment requires shareholder approval.
- Director confirmed not to be debarred by any authority.
Price Impact
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