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Karnataka Bank MD and Executive Director resign

Karnataka Bank MD and Executive Director resign:

Karnataka Bank’s Managing Director & CEO, Srikrishnan Hari Hara Sarma, and Executive Director Sekhar Rao have tendered their resignations, both citing personal reasons. The resignations, effective in July 2025, come amid the bank’s ongoing transformation drive. In response, the Board of Directors has formed a search committee to appoint suitable successors and ensure seamless leadership continuity.This development raises questions about the bank’s continuity plans, investor confidence, and transformation strategy. The bank has responded by appointing a Chief Operating Officer and assuring stakeholders of its continued financial soundness and operational stability.