Key Development
The Bank has appointed Dr. M. Aruna Shyam as an Additional Director (Non-Executive, Independent) on its Board.
Effective Date
The appointment is effective from July 18, 2026.
Term of Appointment
The term of the appointment is for a period of four years.
Condition of Appointment
The appointment is subject to the approval of the shareholders of the Bank, as required by SEBI LODR Regulations, 2015 and the Companies Act, 2013.
Director Profile
Name: Dr. M. Aruna Shyam
Qualifications: Postgraduate in Business Law and holds a doctorate in Law (Constitution & Criminal Law).
Professional Designation: Designated as a Senior Advocate by the Honourable High Court of Karnataka on December 14, 2021.
Professional Experience
- In active legal practice since 2004.
- Appears before Civil Courts, various Tribunals, Debt Recovery Tribunals, the National Company Law Tribunal, the High Court of Karnataka, and the Supreme Court of India.
- Acquired extensive experience across diverse branches of Law, including Civil, Criminal, Constitutional, Co-operative, Corporate, Banking, Labour, Insurance, and Service Laws.
- Served as the Additional Advocate General for the State of Karnataka from 2020 to 2023.
- Appears as a Senior Advocate before various High Courts and other Courts across the country, advising and representing clients in complex and high-stake litigations.
Stated Rationale
The appointment further strengthens the Bank's Board with his extensive legal expertise and rich professional experience.
Filing Details
Filed by: Sham K, Company Secretary & Compliance Officer
Filing Date: July 20, 2026
Regulatory Reference: Regulation 30 of SEBI (LODR) Regulations, 2015
Press Release Issued by: Pallavi T.S, Chief Manager & Public Relations Officer