Karnataka Bank , a prominent player in India's banking sector, has announced a significant change in its senior management responsibilities. The bank has allocated additional charge of the Branch Banking Department to Mr. Niranjankumar R, who currently serves as the Chief Human Resources Officer (CHRO).

Key Details of the Appointment

This strategic move, effective from October 30, 2025, will see Mr. Niranjankumar R taking on the responsibilities of the Branch Banking Department alongside his existing role. The bank has stated that this additional charge will continue until further orders are issued.

Background and Implications

Mr. Niranjankumar R joined Karnataka Bank as the Chief Human Resources Officer on June 10, 2024, taking charge of the HR & IR Department. His appointment to oversee the Branch Banking Department suggests a potential integration of human resource management with branch operations, which could lead to enhanced efficiency and improved customer service.

This reallocation of functional responsibility comes at a time when the banking sector is increasingly focusing on streamlining operations and optimizing human resources. The dual role assigned to Mr. Niranjankumar R may indicate Karnataka Bank's strategy to bring a human-centric approach to its branch banking operations.

Regulatory Compliance

The bank has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to the SEBI Master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, read with SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, which mandates the disclosure of details regarding changes in senior management personnel.

As the banking landscape continues to evolve, such strategic realignments in management responsibilities could play a crucial role in shaping the future direction of Karnataka Bank. Stakeholders will be keen to observe how this change impacts the bank's operations and customer service in the coming months.

Karnataka Bank has announced the departure of Ramachandra K Gurumurthy from his position as Head of Treasury. The bank informed the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) about this development in compliance with regulatory disclosure requirements.

Key Details of the Resignation

According to the bank's statement, Gurumurthy has been relieved from his duties following the completion of internal formalities. The cessation of his role as a Senior Management Personnel took effect from the close of business hours on October 23, 2025.

Regulatory Compliance

Karnataka Bank's disclosure aligns with the Securities and Exchange Board of India (SEBI) regulations, specifically:

• Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
• SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023

These regulations mandate prompt disclosure of significant management changes to ensure transparency for investors and stakeholders.

The bank has not provided information regarding a successor for the Head of Treasury position or any potential impact on its operations.

Karnataka Bank continues to operate under the leadership of its existing management team as it navigates this transition in its treasury department.