Leadership Realignment At Karnataka Bank: Treasury Head Ramachandra Gurumurthy Steps Down

Resignation signals strategic leadership shift

 

Karnataka Bank Ltd has formally disclosed the resignation of Mr. Ramachandra K Gurumurthy from his role as Head of Treasury, effective October 3, 2025. The announcement was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) on October 10, 2025. Gurumurthy’s departure is attributed to personal reasons, with no further details provided.

 

This change coincides with another senior-level exit—Ananthapadmanabha B., General Manager of Special Projects, has applied for voluntary retirement. These developments suggest a broader phase of transition within the bank’s leadership structure.

 

Key highlights:

 

- Gurumurthy’s resignation was accepted on October 3, 2025.

- The bank cited “personal reasons” for his departure.

- Internal formalities are underway; successor details are pending.

- Ananthapadmanabha B. also seeks voluntary retirement.

- Karnataka Bank will issue further updates to stakeholders.

 

These simultaneous exits may influence strategic operations, especially in treasury and project oversight. Stakeholders await clarity on succession planning and continuity measures.

 

Sources: ScanX News, Business Standard, Rediff MoneyWiz.