Karnataka Bank: Board appointments, article amendments finalized.

Karnataka Bank's members have approved amendments to the Bank's Articles of Association at the 101st Annual General Meeting held on September 23, 2025. The key amendment to Article 51(e) revises the process for appointing a power of attorney. The existing article allowed a combination of two of the three heads of the Human Resource Department, or, in their absence, the managing director & CEO, to jointly appoint a power of attorney. The amended article broadens this by allowing a combination of any two of the three general managers or their equivalent rank, from either the Branch Banking Department, HR & IR Department, or Legal and Recovery Department, or, in their absence, solely the managing director & CEO, to make such appointments.

In addition to the governance changes, the Bank also announced the re-appointment of Mr. B R Ashok as a non-executive, non-independent director, and Mrs. Uma Shankar as a non-executive, independent director, both effective September 23, 2025 and November 1, 2025 respectively. Mr. Raghavendra Srinivas Bhat was appointed as the managing director and CEO of the Bank, effective July 16, 2025, for a period of three months or until the appointment of a regular MD & CEO. All directors have been confirmed not debarred by SEBI from holding directorships.