CIO/CTO resigns; senior management change at Karnataka Bank

Management Changes View source PDF Explain this filing

KTKBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+2.7%Reaction day

₹201.00

prior close

₹203.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+2.6%+0.1% vs market

Private Sector Bank peers, median of 19sector+0.4%+2.4% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 2.4 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.3

10m

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15m

+2.8

30m

+2.5

Sessions after the filingfrom the prior close

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Reaction day

+2.7+2.6+0.1+0.4+2.4

Next day

+3.0+3.6-0.6+1.0+2.0

+1.3+3.1-1.8+1.2+0.1

+0.3+2.6-2.3+0.1+0.2

+0.5+1.1-0.5-0.6+1.1

+1.6+0.3+1.2+0.4+1.2

+3.0+1.6+1.4+1.5+1.6

15d

+1.0-3.9+4.9-1.5+2.5

+2.6-8.1+10.7-6.5+9.1

+21.3-3.1+24.4-7.6+29.0

+25.5+9.2+16.4-5.5+31.0

UpDownMarket · Nifty Microcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr Venkat Krishnan Veeramoni, Chief Information Officer and Chief Technology Officer of Karnataka Bank, resigned effective close of business hours on 6 Feb 2026, citing family reasons. He ceases to be a Senior Management Personnel. General Manager Mr Raghuram H.S. has been assigned the additional charge of the IT and MIS Department with immediate effect, in addition to his existing responsibilities.

Likely market impact

Senior management level change, not a board or CEO exit. An internal GM takes additional IT charge, so operational continuity is maintained for now.