The Karnataka Bank Limited has informed the Exchange about change in the functional responsibility of Senior Management of the Bank
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Karnataka Bank has reassigned four of its Deputy General Managers (Senior Management cadre) to new roles effective April 8, 2025. Mr. Sharath Chandra Holla P moves from Product Department to Government Business Department as National Head. Mr. Srinivas S Dandapur shifts within Credit Sanctions Department to Head Office. Mr. Herle Vasant Ramesh moves from Regional Head-Mangaluru to Head Office Liabilities Sales & TPP Department. Mr. Vasantha Kumar C moves from Credit Marketing to Head Office Credit Monitoring Department. The reason cited for all four changes is 'Reallocation of Functional Responsibility,' with no new appointments from outside or resignations involved. All four are long-tenured internal employees who have been promoted through the ranks.
This is a routine internal reshuffle of senior management roles with no impact on shareholders or stock price. No leadership exits, no external hires, and no governance concerns — purely an operational realignment of responsibilities within existing DGM-level staff.