Nature of change: Re-appointment (Retirement by Rotation)
Name and DIN: Mr. Balebail Rajagopal Ashok (DIN: 00415934)
Designation: Non-Executive, Non-Independent Director
Effective date: September 22, 2026
Term: Maximum tenure up to and inclusive of August 26, 2027
Profile: Fellow Member of ICAI, professional member of Indian Institute of Insolvency Professionals of ICAI (IIIPI), 1st Rank holder in post qualification Diploma Course on Information Systems Audit by ICAI (December 2002). Qualified Chartered Accountant in 1984 with over 41 years of experience in practice. Expertise includes statutory central audit of banks, statutory audit of insurance companies, corporates including public sector undertakings, NGOs, advisory, consultancy, taxation assignments, statutory-related attestation services, consultancy in direct taxes and FEMA, management advisory services, and representation before various adjudicating authorities up to Tribunal level in income tax. Director on the Board since August 27, 2019. Successfully qualified the online Proficiency Self-Assessment Test for Independent Director's Databank conducted by Indian Institute of Corporate Affairs in March 2020.
Relationship: Not related to any of the Directors in the Bank
2. Appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan
Nature of change: Appointment
Name and DIN: Mrs. Biji Sreekrishnavilas Sankaranarayanan (DIN: 11534526)
Designation: Executive Director
Effective date: July 15, 2026
Term: For a period of three years w.e.f. July 15, 2026
Profile: Strategic Banking Leader with 31 years of end-to-end experience across corporate banking, retail & branch banking, liabilities, secured assets, transformation and digital modernization. Proven track-record in steering nationwide banking networks (950 branches) as independent profit centres, scaling corporate banking verticals, strengthening risk frameworks, improving asset quality, enhancing customer acquisition models and architecting digital/operational turnaround journeys. Focused on accelerating enterprise-wide profitability, strengthening compliance architecture, building high-performance leadership pipelines and shaping organizational growth through strategic vision, execution discipline and transformation-oriented banking leadership. Postgraduate in Mathematics, MBA in HR, and Professional Certification in Management of Social Initiatives (IIMK).
Relationship: Not related to any of the Directors in the Bank
3. Appointment of Dr. M Aruna Shyam
Nature of change: Appointment
Name and DIN: Dr. M Aruna Shyam (DIN: 11789970)
Designation: Non-Executive Independent Director
Effective date: July 18, 2026
Term: For a period of four years w.e.f. July 18, 2026
Profile: Qualified postgraduate in Business Law and holds a doctorate in Law (Constitution & Criminal Law).
Relationship: Not related to any of the Directors in the Bank
4. Appointment of Mr. Parthasarathi Periaswamy
Nature of change: Appointment
Name and DIN: Mr. Parthasarathi Periaswamy (DIN: 08507318)
Designation: Non-Executive Independent Director
Effective date: July 29, 2026
Term: For a period of four years w.e.f. July 29, 2026
Profile: Seasoned technology and cybersecurity leader with over three decades of experience at the highest levels of India's financial sector. Former Chief Information Security Officer and Chief General Manager (IT) at Reserve Bank of India. Played pivotal role in shaping national cybersecurity frameworks, modernizing mission critical infrastructure and strengthening resilience across banking ecosystem. Former Chief Technology Officer at Institute for Development and Research in Banking Technology (IDRBT), directed IT infrastructure, trust services and national threat intelligence platform (IB CART). Convened CISO Forum and organized national cyber drills. Advised leading private sector banks on cybersecurity governance, policy reviews and crisis management. Former Consultant to Reserve Bank Innovation Hub. Former Board Member of Indian Financial Technology and Allied Services (IFTAS), RBI subsidiary (2019-2021), overseeing technology governance and sector wide IT initiatives.
Relationship: Not related to any of the Directors in the Bank
Regulatory Compliance Confirmation
All four directors confirmed not debarred from holding office of Director by virtue of any order passed by SEBI or any other authority
Compliance with BSE Circular No. LIST/COMP/14/2018-19 dated June 20, 2018
Compliance with NSE Circular No.: NSE/CML/2018/24 dated June 20, 2018
Details furnished in accordance with SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026
