Karnataka Bank Appoints Parthasarathi Periaswamy as Additional Independent Director
Karnataka Bank appointed Mr. Parthasarathi Periaswamy as an Additional Director, Non-Executive, Independent Director for four years effective July 29, 2026. Mr. Periaswamy brings extensive experience in technology and cybersecurity from his roles at RBI and IDRBT.
The appointment of a director is a standard governance procedure and typically has a minimal direct impact on the bank's immediate financial performance or operations.
The appointment of a new director is a routine corporate governance event and does not inherently carry a positive or negative financial implication for the bank.
The Karnataka Bank Limited has announced the appointment of Mr. Parthasarathi Periaswamy as an Additional Director in the category of Non-Executive, Independent Director. The appointment is effective from July 29, 2026, and is for a period of four years.
This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has provided an updated brief profile of Mr. Periaswamy for clarity.
Mr. Periaswamy is a seasoned technology and cybersecurity leader with over three decades of experience in 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 shaping 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) and has advised leading private sector banks on cybersecurity governance. He was also a Board Member of Indian Financial Technology and Allied Services (IFTAS) from 2019 to 2021.
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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 low impact, the band that almost never moves a portfolio on its own.
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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.