The Karnataka Bank Limited has informed the Exchange regarding Resignation of Mr. Niranjankumar R as Chief Human Resources Officer of the Bank w.e.f. May 25, 2026.

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

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

+1.2%Reaction day

₹264.95

prior close

₹265.50

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%+0.4% vs market

Private Sector Bank peers, median of 19sector-0.5%+1.7% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.7 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

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Sessions after the filingfrom the prior close

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Reaction day

+1.2+0.7+0.4-0.5+1.7

Next day

+2.6+0.7+2.0+0.6+2.1

+2.3+0.0+2.2-0.6+2.9

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15d

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+1.6+5.3-3.7+4.6-2.9

+8.0+6.9+1.2+5.6+2.4

+27.0+11.9+15.1+8.0+19.0

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. Niranjankumar R has resigned from his position as Chief Human Resources Officer (CHRO) of Karnataka Bank. He submitted his resignation on May 14, 2026, citing personal reasons, and the resignation became effective from the close of business hours on May 25, 2026. He was classified as a Senior Management Personnel (KMP) of the bank. In his resignation letter, he mentioned his contribution to redesigning the Performance Management Framework and expressed commitment to ensuring a smooth handover.

Likely market impact

The departure of a senior HR leader during normal business operations may raise concerns about continuity of HR initiatives, though the resignation is categorized as personal and the bank appears prepared for the transition.