The Karnataka Bank Limited has informed the Exchange about change in Directorship of the Bank
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Karnataka Bank shareholders approved three board changes at the 101st Annual General Meeting on September 23, 2025. Mr. B R Ashok (Chartered Accountant with 40+ years of experience) was re-appointed as Non-Executive, Non-Independent Director after retiring by rotation, with tenure up to August 26, 2027. Mr. Raghavendra Srinivas Bhat was formally appointed as Managing Director and CEO - he is a 38-year veteran of the bank who joined as a clerk in 1981 and rose to Chief Operating Officer, with his term running from July 16, 2025 for three months or until a regular MD & CEO is appointed, whichever is earlier. Mrs. Uma Shankar, former RBI Executive Director with 37 years at the central bank, was re-appointed as Non-Executive, Independent Director for a three-year term from November 1, 2025 to October 31, 2028. The bank confirmed none of the three directors have been debarred by SEBI or any other authority.
The MD & CEO appointment of a long-serving internal candidate offers leadership continuity, though the brief three-month term indicates the bank is still awaiting a regular CEO appointment, which could create some uncertainty. The re-appointments of an experienced chartered accountant and a former RBI official preserve board stability and retain valuable regulatory and financial expertise for shareholders.