Karnataka Bank Appoints Parthasarathi Periaswamy as Independent Director
Karnataka Bank appointed Mr. Parthasarathi Periaswamy as an Additional Non-Executive Independent Director for four years, effective July 29, 2026. He has extensive experience in technology and cybersecurity, including roles at RBI and IDRBT. Shareholder approval is pending.
The appointment of an independent director can enhance board oversight and strategic direction, potentially impacting the company's governance and future decisions.
The appointment of an experienced independent director is generally viewed positively as it can strengthen corporate governance and bring valuable expertise.
The Karnataka Bank Limited announced the appointment of Mr. Parthasarathi Periaswamy as an Additional Director in the category of Non-Executive Independent Director. The decision was made during the Board of Directors' meeting held on Wednesday, July 29, 2026.
Mr. Periaswamy's appointment is for a period of four years, effective from July 29, 2026. He has not been debarred from holding the office of a Director by any authority. The appointment is subject to the approval of the Bank's shareholders.
Mr. Periaswamy brings over three decades of experience in technology and cybersecurity within the financial sector. He previously served as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India, and as Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT). He also advises the Reserve Bank Innovation Hub and is a Board Member of IFTAS.
The Board meeting commenced at 10:00 AM and concluded at 04:40 PM on July 29, 2026.
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