Karnataka Bank Appoints Parthasarathi Periaswamy as Additional Director
Karnataka Bank appointed Shri. Parthasarathi Periaswamy as Additional Director (Non-Executive, Independent) for four years, effective July 29, 2026. He is a seasoned technology and cybersecurity leader with over 30 years of experience, including roles at RBI and IDRBT. His appointment is subject to shareholder approval.
The appointment of an additional director, especially with expertise in technology and cybersecurity, can have a medium-term impact on the bank's strategic direction and risk management.
The appointment of an experienced professional like Mr. Periaswamy is expected to strengthen the bank's digital initiatives and governance.
The Karnataka Bank Ltd. has appointed Shri. Parthasarathi Periaswamy as an Additional Director (Non-Executive, Independent) for a term of four years, effective July 29, 2026. This appointment is subject to shareholder approval and applicable provisions of the Companies Act, 2013.
Mr. Periaswamy brings over three decades of experience in technology and cybersecurity within India's financial sector. He previously served as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India, where he was instrumental in developing national cybersecurity frameworks and modernizing critical infrastructure. He also held the position of Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT).
His expertise includes advising private sector banks on cybersecurity governance and crisis management. He has also served as a Board Member of Indian Financial Technology and Allied Services (IFTAS). The bank believes his extensive experience will bolster its digital initiatives.
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The Karnataka Bank Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by The Karnataka Bank Limited. Read the original for the full detail.