Announced Wed, 24 Jun · 20:27 IST
Director R Ramkumar exits after completing 8-year tenure cap
Management Changes View source PDF
KARURVYSYA · price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹294.85
prior close
₹295.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.4-0.2-0.1+1.8+0.2+1.7-0.2-1.0+3.1+4.5+15.1——
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AI summary
Non-Executive Non-Independent Director Mr R Ramkumar (DIN 00275622) stepped down on June 24, 2026, after completing the maximum 8-year tenure allowed under Section 10A(2A)(i) of the Banking Regulation Act, 1949. The exit is routine and regulatory-mandated, not due to any disagreement or governance issue. No replacement details were mentioned in this filing.
Likely market impact
Routine, regulation-driven change. No material impact expected on operations or stock.