The Karnataka Bank Limited has informed the Exchange regarding Resignation of Mr. Giridhar Rajaram as Head of Wholesale and Mid-Corporate Banking of the Bank w.e.f. July 25, 2025.
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Karnataka Bank has informed the stock exchanges that Mr. Giridhar Rajaram, who served as Head of Wholesale & Mid-Corporate Banking, has been relieved from his position with effect from the close of business hours on July 25, 2025. His resignation was initially accepted by the bank on July 18, 2025, and he has now formally exited after completing internal formalities. He was classified as a Senior Management Personnel (SMP) of the bank, and accordingly ceases to hold that designation from the same date. No reasons for the resignation have been disclosed in the filing.
This is a senior management-level exit in a key business vertical (wholesale and mid-corporate banking). While not a CEO or CFO resignation, the departure could create short-term leadership uncertainty in that segment and may be monitored by investors for any impact on the bank's wholesale banking strategy or growth.