Karnataka Bank crosses ₹2 Lakh crore business milestone

Karnataka Bank has crossed a significant business milestone of ₹2 Lakh crore as of July 31, 2026, marking a major expansion in its balance sheet size. The disclosure, made to the National Stock Exchange of India Limited and BSE Limited, highlights the bank’s growth trajectory and increasing market presence in the banking sector.

The announcement was issued pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation serves as a formal record of the bank’s operational scale, providing transparency to investors regarding the institution’s asset base and overall business volume.

Milestone Details

The bank confirmed that its total business value reached the ₹2 Lakh crore mark on July 31, 2026. This figure represents the aggregate of the bank’s assets and liabilities, reflecting its capacity to mobilize deposits and extend credit across its network.

Metric	Value	Date
Total Business	₹2 Lakh crore	July 31, 2026

Stakeholder Acknowledgement

In its communication, the bank attributed this achievement to the trust and support of its Board of Directors, Chairman, valued customers, stakeholders, and employees. The management emphasized that this milestone is the result of unwavering commitment from all parties involved in the bank’s operations.

Regulatory Compliance

The disclosure was signed by Sham K Kanathila, Company Secretary & Compliance Officer, and digitally timestamped on August 1, 2026, at 14:39:36 +05'30. The bank requested the exchanges to take the information on record and arrange for dissemination to the investing public.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.06%	+1.05%	+4.15%	+56.41%	+56.36%	+370.66%

Karnataka Bank has appointed Parthasarathi Periaswamy as an Additional Director in the category of Non-Executive Independent Director, effective July 29, 2026. The appointment strengthens the bank’s board with a senior technology leader who possesses over three decades of experience in cybersecurity and financial regulation. This move is designed to bolster the bank’s digital initiatives and governance framework amidst increasing regulatory scrutiny on financial technology infrastructure.

The appointment is subject to shareholder approval under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable provisions of the Companies Act, 2013. The term of office is four years. The bank confirmed that Mr. Periaswamy is not related to any existing directors and is not debarred from holding office by any regulatory authority. The filing was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and was signed by Sham K Kanathila, the Company Secretary & Compliance Officer.

Profile Clarifications

The updated profile filed with the National Stock Exchange of India Limited and BSE Limited on July 30, 2026, provides clarity on Mr. Periaswamy’s professional background. It specifies that he was formerly a Consultant to the RBI Innovation Hub, rather than currently serving in that capacity. It also details his tenure as a Board Member of Indian Financial Technology and Allied Services (IFTAS), an RBI subsidiary, which spanned from 2019 to 2021.

Role:	Organization	Period / Status
Consultant	RBI Innovation Hub	Former
Board Member	Indian Financial Technology and Allied Services (IFTAS)	2019 – 2021
CISO & CGM (IT)	Reserve Bank of India	Former
CTO	Institute for Development and Research in Banking Technology (IDRBT)	Former

Experience and Expertise

Mr. Periaswamy’s career includes pivotal roles in shaping national cybersecurity frameworks. As the former Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India, he modernized mission-critical infrastructure and advised private sector banks on cybersecurity governance and crisis management. His expertise extends to strengthening resilience across the banking ecosystem.

Governance Impact

During his tenure as Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT), Mr. Periaswamy directed IT infrastructure and the national threat intelligence platform (IB CART). He convened the CISO Forum and organized national cyber drills to foster preparedness among banks. His ability to bridge technology, regulation, and strategy is expected to aid Karnataka Bank in advancing organizational resilience and regulatory technology.