The Karnataka Bank Limited has informed the Exchange regarding Cessation of Mr. Chandra Shekar as General Manager and Head of Legal and Recovery Department of the Bank w.e.f. August 31, 2025.
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Karnataka Bank has informed the exchanges that Mr. Chandra Shekar, General Manager and Head of Legal and Recovery Department, will retire from the bank on August 31, 2025 upon attaining superannuation. As a result, he will cease to be a Senior Management Personnel of the bank. The disclosure is being made under SEBI LODR Regulation 30. The transition is a routine, planned retirement and no reasons of concern have been indicated.
This is a routine superannuation-driven exit of a senior management official and is unlikely to materially affect the bank's operations or stock price. Shareholders should watch for any subsequent announcement regarding the successor to the Legal and Recovery head role.