Karnataka Bank shareholders approved the appointment of Biji Sreekrishnavilas Sankaranarayanan as the new Executive Director during the bank's 102nd Annual General Meeting held on September 22, 2026.

The resolution, passed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also confirmed the appointment of two Non-Executive Independent Directors: Dr. M Aruna Shyam and Mr. Parthasarathi Periaswamy. Additionally, members re-appointed Mr. Balebail Rajagopal Ashok as a Non-Executive, Non-Independent Director following his retirement by rotation.

Leadership changes

Mrs. Biji Sreekrishnavilas Sankaranarayanan brings 31 years of experience in strategic banking leadership. Her tenure as Executive Director is for a period of three years effective July 15, 2026. She has previously steered nationwide banking networks comprising 950 branches as independent profit centers, with expertise in corporate banking, retail banking, liabilities, and digital modernization.

Dr. M Aruna Shyam was appointed as a Non-Executive Independent Director for a four-year term effective July 18, 2026. He holds a doctorate in Law and served as the Additional Advocate General for the State of Karnataka from 2020 to 2023. He was designated as a Senior Advocate by the High Court of Karnataka in December 2021.

Mr. Parthasarathi Periaswamy joins as a Non-Executive Independent Director for a four-year term effective July 29, 2026. A seasoned technology and cybersecurity leader, he previously served as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India. His background includes shaping national cybersecurity frameworks and leading IT infrastructure at the Institute for Development and Research in Banking Technology (IDRBT).

Board composition updates

Mr. Balebail Rajagopal Ashok was re-appointed as a Non-Executive, Non-Independent Director with a maximum tenure up to August 26, 2027. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) with over 41 years of experience in statutory audits of banks and insurance companies.

Regulatory compliance

The bank confirmed that none of the newly appointed or re-appointed directors have been debarred from holding office by SEBI or any other authority. The disclosures were made in compliance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No.: NSE/CML/2018/24 dated June 20, 2018, alongside the SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Karnataka Bank has promoted six senior officials from the Assistant General Manager cadre to the Deputy General Manager cadre. The promotions take effect from September 19, 2026.

The bank made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited.

Senior Management Changes

The following six officials have been elevated to the Deputy General Manager position:

• Mr. Akshayaraj Ramakrishna Rao
• Mr. Adiga Praveen Chakrapani
• Mr. Danish
• Mr. Krishna Prasad KJ
• Mr. Jayaprakash Udupa H
• Mr. Vishwanath S R

All six individuals previously held the designation of Assistant General Manager. Upon promotion, they are classified as Senior Management Personnel of the bank with effect from September 19, 2026.

Official Profiles

The bank provided brief profiles for each promoted official in the annexure to the regulatory filing. The details highlight their educational backgrounds and tenure within the organization.

The officials have worked across various branches and offices of the bank in India. Their career progression spans from clerical roles to the Assistant General Manager level before this latest promotion.