Nature of change: Appointment of new Chief Compliance Officer and cessation of previous officer
Appointment: Mr. Arul Raj Gomez A, General Manager, appointed as Chief Compliance Officer
Director Identification: Not applicable (not a director appointment)
Effective date: November 23, 2026
Tenure: 3 years (Three years) term
Profile: Mr. Arul Raj Gomez A is an accomplished banking and information systems professional with over two decades of experience. He joined Karnataka Bank as a Probationary Officer in April 2004 and has held key positions in customer service, risk management, branch banking, digital channels, product management and information systems. His expertise includes technology, cybersecurity, governance, risk and compliance. He holds a Bachelor of Engineering in Computer Science, MBA in Finance, and Master of Commerce degree. Professional certifications include Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified Ethical Hacker (CEH), Certified in Risk and Information Systems Control (CRISC), Certified Information Systems Security Professional (CISSP), and Certified Chief Information Security Officer (CCISO).
Regulatory compliance: Appointment is in terms of RBI Circular No.: RBI/DoS/2026-27/408 DoS.CO.PPG.2/11.01.005/2026-27 dated July 31, 2026. Also designated as Principal Officer of the Bank for AML Cell and KYC functions, responsible for monitoring and reporting transactions to Financial Intelligence Unit (FIU)-India under KYC Norms/AML Standards/CFT/PMLA, 2002 obligations.
Relationship disclosure: Not Applicable (as per annexure)
Previous KMP: Mr. Vinaya Bhat P J ceased as Chief Compliance Officer and Principal Officer due to his elevation from General Manager cadre to Chief General Manager cadre. The succession appears planned as part of organizational restructuring.
Governance implications: As Chief Compliance Officer, Mr. Gomez will be responsible for the bank's overall compliance framework, regulatory reporting, and financial crime prevention measures.
Key Financial or Operational Approvals
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations mentioned in this disclosure.
No financial figures, revenue, EBITDA, PAT, margins, cash flows, debt levels, or capital expenditure disclosed.
No auditor opinions or qualifications mentioned.
Strategic or Business Context
No business outlook, risk commentary, demand trends, regulatory developments, or macro/micro headwinds discussed.
No segment-wise insights, restructuring actions, cost measures, expansion plans, or capex announcements.
No forward-looking guidance or strategic initiatives mentioned.
No references to liquidity position, leverage, working capital, or refinancing plans.
Any Other Material Information
Board meeting timing: Commenced at 05:25 PM and concluded at 09:00 PM on November 15, 2026
Regulatory references: SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Compliance officer: Sham K, Company Secretary & Compliance Officer, signed the disclosure
