Karnataka Bank Ltd. has announced the voluntary retirement of Mr. Divakara N C, Deputy General Manager, Head Office-Operations Department. Mr. Divakara N C’s retirement is effective from the close of business hours on November 13, 2026. The bank confirmed that all internal formalities have been completed for his departure, and he will cease to be a Senior Management Personnel following this effective date.
Senior Management Change at Karnataka Bank
Karnataka Bank Ltd. has officially informed the stock exchanges about a change in its senior management. Mr. Divakara N C, who held the position of Deputy General Manager in the Head Office-Operations Department (Central KYC Cell), has opted for voluntary retirement from the services of the Bank.
Effective Date of Retirement
The voluntary retirement of Mr. Divakara N C is effective from the close of business hours on November 13, 2026. The Bank has completed all necessary internal procedures related to his retirement. Consequently, Mr. Divakara N C will no longer be considered a Senior Management Personnel of Karnataka Bank from the aforementioned date.
Disclosure Details
As per the disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this change in senior management has been formally communicated. The Annexure to the disclosure provides further details regarding the reason for the change, which is voluntary retirement, and the effective date of cessation from his role.
Source: BSE
