Nature of change: Appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan (DIN: 11534526) as Managing Director & Chief Executive Officer (MD & CEO) on an interim basis.
Effective date and tenure: The appointment is effective from November 16, 2026, for a period of two months or until a full-time/regular MD & CEO assumes charge, whichever is earlier.
Profile and qualifications: Mrs. Sankaranarayanan is currently Executive Director of Karnataka Bank Limited (since July 15, 2026). She has 31 years of banking experience across corporate banking, retail banking, branch banking, liabilities, secured assets, transformation, and digital modernization. Her expertise includes steering nationwide banking networks as independent profit centers, scaling corporate banking verticals, strengthening risk frameworks, improving asset quality, enhancing customer acquisition models, and architecting digital/operational turnaround journeys. She holds a Postgraduate degree in Mathematics, an MBA in HR, and a Professional Certification in Management of Social Initiatives from IIMK.
Eligibility confirmation: The disclosure confirms she has not been debarred from holding the office of Director by SEBI or any other authority, per BSE Circular No.: LIST/COMP/14/2018-19 dated June 20, 2018 and NSE Circular No.: NSE/CML/2018/24 dated June 20, 2018.
Relationship with other directors: She is not related to any other Director on the Board of the Bank.
Regulatory approval: The Reserve Bank of India approved the appointment via letter dated November 11, 2026.
Board Meeting Details
The Board of Directors meeting was held on November 15, 2026.
The meeting commenced at 05:25 PM and concluded at 09:00 PM.
Compliance Information
Additional details are provided in accordance with SEBI Master Circular No.: SEBI/HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
