Karnataka Bank , a prominent player in India's banking sector, has announced a significant change in its senior management. Ramaswamy Subramanian, the bank's Chief Product Officer (CPO), has resigned from his position, marking a notable shift in the bank's leadership structure.

Key Details of the Resignation

According to the bank's official communication to the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE), Subramanian was relieved from his duties following the completion of internal formalities. The bank clarified that he would cease to be a Senior Management Personnel from the close of business hours on October 31, 2025.

Regulatory Compliance

Karnataka Bank's disclosure aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI). The bank has adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate governance practices.

Implications for Karnataka Bank

This change in the senior management team could potentially impact the bank's product strategy and innovation initiatives. As the Chief Product Officer, Subramanian likely played a crucial role in shaping the bank's product offerings and customer-centric solutions.

Other Recent Developments

It's worth noting that this announcement comes on the heels of other recent changes within Karnataka Bank's senior management. On October 30, 2025, the bank had announced that Mr. Niranjankumar R, the Chief Human Resources Officer, was allocated additional charge of the Branch Banking Department.

Looking Ahead

As Karnataka Bank navigates this transition, stakeholders will be keen to observe how the bank addresses the vacancy left by Subramanian's departure. The banking sector continues to evolve rapidly, with increasing emphasis on digital transformation and innovative financial products.

Karnataka Bank is scheduled to consider its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, in a board meeting on November 8, 2025. This upcoming financial disclosure may provide further insights into the bank's performance and strategic direction amidst these leadership changes.

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.