Karnataka Bank appoints Chandra Shekar as chief business officer

Karnataka Bank Ltd. has appointed Chandra Shekar as the chief business officer (CBO) of the bank, effective September 2, 2025. This appointment, disclosed in a filing to the National Stock Exchange of India and BSE Limited, follows an initial intimation on the same date. Shekar will serve a two-year term in this senior management personnel position.

Shekar joined Karnataka Bank as a probationary officer on August 14, 1995. His extensive career includes serving as branch head at various locations such as Coimbatore-Oppankara Street, Coimbatore-Ramanathapuram, New Delhi-Rohini, Bhubaneshwar, and Kundapur. His head office experience spans HO-Credit LCFD, HO-Credit Sanction (LargeCorp), HO-Treasury & Accounts Dept, HO-Credit Sanction (Large & MC), and HO-Credit Sanctions Dept.

Prior to his appointment as CBO, Shekar was promoted to general manager on July 14, 2023, and handled the legal & recovery department portfolio from July 26, 2023, until his demission of office due to retirement on August 31, 2025. His detailed profile and appointment are in compliance with SEBI (LODR) Regulations, 2015.