The Karnataka Bank Limited has informed the Exchange regarding Cessation of Abhishek Sankar Bagchi as Chief Financial Officer of the company w.e.f. September 14, 2025.
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Karnataka Bank has informed the stock exchange that Abhishek Sankar Bagchi has ceased to be the Chief Financial Officer of the bank, effective September 14, 2025. The reason for cessation has not been disclosed in the filing. The bank will need to appoint a new CFO in due course. This is a key managerial personnel change at the bank. No replacement details have been provided in this announcement.
CFO exits at a listed bank can create short-term uncertainty around financial reporting continuity and may weigh on investor sentiment until a replacement is named. Shareholders should watch for the bank to announce a successor to fill this critical role.