Karnataka Bank has announced the resignation of its Chief Operating Officer, Mr. Raja B S. His resignation, effective from the close of business hours on October 19, 2026, is for pursuing further career and personal passions beyond the bank. Mr. B S has served the organization for approximately 37 years. The bank has accepted his resignation and is proceeding with the necessary internal formalities.
Leadership Transition at Karnataka Bank
Karnataka Bank Limited has officially disclosed the resignation of its Chief Operating Officer, Mr. Raja B S. The announcement was made in accordance with SEBI regulations, highlighting a significant change in the bank’s senior management. Mr. B S’s tenure with the bank spans a considerable period, with the press release mentioning his service of almost 37 years in various capacities.
Reasons for Resignation and Effective Date
In his resignation letter dated October 19, 2026, Mr. B S cited a desire to pursue his further career and personal passions outside of Karnataka Bank. The bank has acknowledged his decision, and his resignation is formally effective from the close of business hours on October 19, 2026. The bank expressed gratitude for his contributions over the years.
Formalities and Annexure Details
The bank is completing all internal formalities related to Mr. B S’s departure. Further details regarding the change, as required by SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, have been furnished in an annexure to the disclosure. This annexure includes particulars such as the reason for change, date of cessation, term of appointment, and profile, with most fields marked as ‘Not Applicable’ for this transition.
Source: BSE
