Karnataka Bank has approved a trading plan for one of its designated persons to sell shares in the coming months. The bank disclosed on August 18, 2026, that it received and approved the plan from Mr. Vypana Thomas John, Chief Manager in the Inspection and Audit Department.

The trading plan allows Mr. John to sell 4,100 securities of the bank. The transactions are scheduled to take place between December 21, 2026 and December 24, 2026. This period falls within the five consecutive trading days permitted under the regulations.

Trading Plan Details

The approval was granted in accordance with Regulation 5(5) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the bank’s Code of Conduct for Prohibition of Insider Trading. The plan was submitted by Mr. John, who holds Staff Number H246 at the Head Office in Mangaluru.

Mr. John affirmed that he is not in possession of any Unpublished Price Sensitive Information (UPSI) pertaining to the bank at the time of submission. He also confirmed that the trading window is open and that he is permitted to define the trading plan regarding the bank’s securities.

The intimation states that the trading plan is irrevocable once approved. The scheduled dates do not overlap with any earlier declared plans by the individual. The full intimation is available on the bank’s website under corporate announcements.

Karnataka Bank has extended the tenure of Mr. Ratheesh R as Head - Training in the cadre of General Manager for a further period of one year. The extension is effective from August 17, 2026.

The bank made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding changes in senior management. The appointment is on a contract basis.

Profile Overview

Mr. Ratheesh R is a seasoned banking professional with over 39 years of extensive experience. He began his career in 1984 with the erstwhile Corporation Bank and retired as General Manager from Union Bank of India in April 2023.

During his career, he held diverse roles across branches and controlling offices in major cities. His expertise includes credit portfolio management, MSME and large corporate lending, export credit, risk evaluation, and stressed asset recovery management. He also served as a faculty assistant for NIBM, Pune.

Mr. Ratheesh R joined Karnataka Bank Limited as Head - Training at the Staff Training College, Mangaluru, on August 17, 2023. His initial contract was for a period of three years. He holds the CAIIB qualification and various certifications from the Indian Institute of Banking and Finance covering credit, ethics, strategic management, and risk.