News

Karnataka Bank Ltd. announced promotions for six senior management personnel, effective September 19, 2026. Akshayaraj Ramakrishna Rao, Adiga Praveen Chakrapani, Danish, Krishna Prasad K J, Jayaprakash Udupa H, and Vishwanath S R have been promoted from Assistant General Manager to Deputy General Manager.

Karnataka Bank Ltd. informed the National Stock Exchange of India Limited and BSE Limited that the All India Karnataka Bank Employees Association (AIKBEA) and Karnataka Bank Officers Organisation (KBOO), affiliated to the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) respectively, have called for a one-day strike on September 11, 2026, under the banner of United Forum of Bank Unions (UFBU), demanding a 5-day Banking Week and resolution of pending issues; the bank stated that normal functioning of branches, offices, and departments may be affected if the strike materializes, and the expected quantum of loss or damages and impact on operations are not quantifiable.

Karnataka Bank Ltd. announced the allotment of 45,800 equity shares with a face value of Rs 10 each on September 8, 2026, to grantees who exercised vested options under the Karnataka Bank Employees Stock Option Scheme, 2023, as approved by the Managing Director & CEO.

Karnataka Bank announced promotions for three senior management personnel, effective September 3, 2026. Basavaraj Desalli, Raghavendra C L, and Gopalakrishna Samaga B. have been promoted from Deputy General Manager to General Manager. According to a regulatory filing, Desalli joined the bank in 1995, Raghavendra C L in 1999, and Gopalakrishna Samaga B. in 1994, all progressing through various roles within the bank.

Karnataka Bank Ltd. announced the allotment of 1,935 equity shares with a face value of Rs 10 each on August 18, 2026, following the exercise of vested stock options under the Karnataka Bank Employees Stock Option Scheme, 2023, as approved by the Managing Director & CEO.