Karnataka Bank Ltd announced the appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan as its new Executive Director effective July 15, 2026. The appointment strengthens the bank's leadership structure as it focuses on digital modernization and profitability. Sankaranarayanan brings 31 years of end-to-end experience across corporate banking, retail and branch banking, liabilities, and secured assets.

Mrs. Biji Sreekrishnavilas Sankaranarayanan (DIN: 11534526) is a Strategic Banking Leader with a proven track record in steering nationwide banking networks as independent profit centres. Her expertise includes scaling corporate banking verticals, strengthening risk frameworks, improving asset quality, and architecting digital and operational turnaround journeys. She holds a Post Graduate degree in Mathematics, an MBA in HR, and a Professional Certification in Management of Social Initiatives from IIMK.

The bank confirmed that Sankaranarayanan has not been debarred from holding the office of Director by SEBI or any other authority. This disclosure was made in compliance with BSE Circular No.: LIST/COMP/14/2018-19 and NSE Circular No.: NSE/ CML/2018/24, both dated June 20, 2018. The appointment was communicated in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sankaranarayanan is not related to any of the existing Directors on the Board. Her strategic focus is expected to accelerate enterprise-wide profitability, strengthen compliance architecture, and build high-performance leadership pipelines. The bank's filing included these details as required by SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Karnataka Bank reported a 6.94% year-on-year increase in total deposits, reaching ₹110,411.54 crore for the quarter ended June 30, 2026. Gross advances surged 16.59% to ₹86,590.11 crore, driven by credit expansion. The bank's Current Account Savings Account (CASA) deposits rose 12.46% to ₹35,802.48 crore, comprising 32.43% of total deposits.

The disclosure was made to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are provisional and subject to a limited review by the statutory auditors.

Business Performance

The bank's deposit base showed sequential growth, rising 1.50% from the ₹108,778.75 crore recorded at the end of March 31, 2026. However, the share of CASA to total deposits declined by 118 basis points quarter-on-quarter to 32.43%, despite the annual increase of 159 basis points from 30.84% in the prior year.

Gross advances grew 3.90% on a quarter-on-quarter basis, up from ₹83,339.92 crore in the previous quarter. The financial statements along with the limited review report are expected to be published in due course.

Key Business Parameters