Karnataka Bank Ltd has appointed Dr. M Aruna Shyam as an Additional Director in the category of Non-Executive, Independent Director for a period of four years effective July 18, 2026. The appointment strengthens the Bank's Board with his extensive legal expertise and rich professional experience. The appointment was made during a board meeting held on Saturday, July 18, 2026, and is subject to the approval of the shareholders in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013.

Dr. M Aruna Shyam (DIN: 11789970) is a qualified post-graduate in Business Law and holds a doctorate in Law specializing in Constitution and Criminal Law. He has been in active legal practice since 2004, appearing before Civil Courts, various Tribunals, Debt Recovery Tribunals, the National Company Law Tribunal, the High Court of Karnataka, and the Supreme Court of India. His experience spans diverse branches of law including Civil, Criminal, Constitutional, Co-operative, Corporate, Banking, Labour, Insurance, and Service Laws.

Between 2020 and 2023, Dr. Shyam served as the Additional Advocate General for the State of Karnataka, representing the state in significant constitutional, statutory, and public law matters. The High Court of Karnataka designated him as a Senior Advocate on December 14, 2021. He currently appears as a Senior Advocate before various High Courts and other courts across the country, advising on complex and high-stake litigations.

Appointment Details

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.