Karnataka Bank has appointed Parthasarathi Periaswamy as an additional non-executive independent director, effective July 29, 2026.
The four-year tenure brings specialized cybersecurity expertise to the bank’s leadership team, addressing growing regulatory and operational focus on digital security in the Indian banking sector.
The appointment follows a similar move earlier this month, when the bank named M Aruna Shyam as an additional independent director effective July 18, 2026. Both appointments are subject to ratification by shareholders at the next annual general meeting, as is standard for additional directorships under Indian corporate governance norms.
Periaswamy’s background in cybersecurity aligns with the bank’s ongoing efforts to strengthen its digital infrastructure and risk management frameworks.
As Indian banks face increasing scrutiny over data protection and cyber resilience, board-level expertise in these areas is becoming a strategic priority for lenders seeking to mitigate operational risks.
The move underscores Karnataka Bank’s commitment to enhancing its governance structure and adapting to the evolving threat landscape in financial services.