Karnataka Bank Announces Major Management Restructuring and Promotions

Karnataka Bank , a prominent player in the Indian banking sector, has announced significant changes in its senior management structure, effective October 13, 2025. The restructuring involves promotions across various levels and reallocations of responsibilities, signaling a strategic move to strengthen its leadership team.

Key Highlights of the Restructuring

Promotions to General Manager Cadre (Scale VII)

Five Deputy General Managers have been elevated to the General Manager Cadre:

Name	New Role	Previous Role
Raghuram H S	Chief Risk Officer	No Change
Chandrashekara G	Credit Sanctions (Exposure above Rs. 15 crores)	HO-Credit Sanctions Department
Sunil Rao B	Mumbai – Integrated Treasury	HO-Treasury Back Office and ASSET Operations
Sham K	Company Secretary & Operations Department	Company Secretary
Sreedhar S	Credit Monitoring Department	Regional Head, Chennai

Promotions to Deputy General Manager Cadre (Scale VI)

Seven Assistant General Managers have been promoted to the Deputy General Manager Cadre:

Name	New Role	Previous Role
Bhaskar A	Regional Head, Bengaluru North	Regional Head, Bengaluru South
Gayathri S	National Head – Gold & Agri Loans	No Change
Ashok Shenoy U	Fixed Assets & Premises	No Change
Sudha K	Credit Monitoring Department	No Change
Rama Seshu K	Regional Head, Bengaluru South	Regional Head, Tumakuru
Vadiraja K	HR & IR Department	Regional Head, Udupi
Nagaraja H A	Regional Head, Chennai	Regional Head, Shivamogga

Changes in Functional Responsibilities

Three General Managers have been assigned new functional responsibilities:

Name	New Role	Previous Role
Ravichandran S	Legal & Recovery Department	Credit Sanctions Department (Overall in charge)
Nagaraja Upadhyaya B	Credit Sanctions Department (exposure up to Rs. 15 crores)	Credit Monitoring Department
Raghavendra C L	HO-Credit Sanctions Department	Regional Head (Bengaluru – North)

Implications of the Restructuring

This comprehensive restructuring of Karnataka Bank's senior management team reflects the bank's commitment to internal talent development and strategic positioning for future growth. The promotions and role reallocations are likely to bring fresh perspectives to various departments, potentially enhancing the bank's operational efficiency and decision-making processes.

The focus on strengthening key areas such as risk management, credit sanctions, and treasury operations suggests that the bank is gearing up to address the evolving challenges in the banking sector. Moreover, the redistribution of regional heads indicates a possible shift in the bank's regional focus and strategy.

As these changes take effect, stakeholders will be keen to observe how this new leadership structure impacts Karnataka Bank's performance and strategic direction in the coming years. The bank's ability to leverage this restructured management team could play a crucial role in its competitive positioning in the dynamic Indian banking landscape.

Karnataka Bank's proactive approach to management restructuring demonstrates its adaptability and forward-thinking mindset, which are essential qualities for success in the rapidly changing financial services industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.65%	-2.27%	+2.70%	-7.98%	-16.80%	+326.03%

Karnataka Bank announced a significant change in its top management as Ramachandra K Gurumurthy, the Head of Treasury, submitted his resignation due to personal reasons. This development marks a notable shift in the bank's leadership structure.

Resignation Details

Gurumurthy tendered his resignation on October 3, 2025, requesting immediate effect. In his resignation letter, he expressed gratitude for the opportunities and support provided during his tenure, describing his experience at Karnataka Bank as both challenging and fulfilling.

Bank's Response

Karnataka Bank, in its regulatory filing dated October 10, 2025, stated that it would inform stakeholders about management changes and Gurumurthy's actual exit date after completing internal formalities. This approach suggests a structured transition process within the organization.

Additional Management Changes

The bank also disclosed another significant personnel update on the same day. Ananthapadmanabha B., General Manager of Special Projects, has submitted an application for voluntary retirement. The bank has similarly stated that it will provide further details on management changes and Ananthapadmanabha's exit date after internal procedures are completed.

Impact and Outlook

These simultaneous changes in key positions—Head of Treasury and General Manager of Special Projects—may signal a period of transition for Karnataka Bank. While the bank has not provided immediate replacements or succession plans, these developments could potentially influence the bank's strategic direction and operations in the near term.

Karnataka Bank's proactive disclosure of these management changes aligns with regulatory requirements and demonstrates transparency in its corporate governance practices. As the bank navigates these transitions, stakeholders will likely be keen to observe any subsequent appointments and their potential impact on the bank's performance and strategies.

The financial sector will be watching closely to see how Karnataka Bank manages these changes and maintains stability in its treasury operations and special projects division during this transition period.