The Karnataka Bank Limited has informed the Exchange about Resignation of Mr. Giridhar Rajaram as Head of Wholesale & Mid-Corporate Banking of the Bank
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Karnataka Bank has informed the stock exchanges that Mr. Giridhar Rajaram, who heads the bank's Wholesale & Mid-Corporate Banking division, has resigned from his position. His resignation was submitted and accepted on July 18, 2025. In his resignation letter, he mentioned he is moving to a non-banking front for an external opportunity and thanked the bank for the experience. The bank has said the exact last working date will be communicated later, once internal formalities are completed. No replacement has been named yet.
This is a senior-level exit in the bank's wholesale and corporate lending division, which is a key revenue-generating segment. Investors should watch for any disruption in corporate banking relationships and look out for the bank's announcement on a successor. The resignation citing an external opportunity suggests a personal career move rather than internal issues, but the lack of immediate succession plan may create short-term uncertainty.