Karnataka Bank Appoints Cybersecurity Expert as Additional Director
The Karnataka Bank Limited has appointed Mr. Parthasarathi Periaswamy as an Additional Director, bringing decades of experience in technology and cybersecurity within India's financial sector. The appointment was made effective July 29, 2026, for a period of four years.Mr. Parthasarathi Periaswamy is recognized as a leading figure in cybersecurity and technology, possessing over thirty years of high-level experience across the banking industry. His expertise includes pivotal roles at national institutions, which are now being utilized to strengthen the bank’s resilience and technological framework.
The brief profile highlights Mr. Periaswamy's extensive background with central banking authorities and major financial technology initiatives. He previously served as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India. In this capacity, he played a key role in shaping national cybersecurity frameworks, modernizing critical infrastructure, and boosting resilience across the wider banking ecosystem.
His career progression includes serving as Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT). At IDRBT, he was responsible for directing IT infrastructure, trust services, and the national threat intelligence platform, IB CART. His leadership also involved convening the CISO Forum and organizing national cyber drills to enhance preparedness among banks.
Prior to this directorship, Mr. Parthasarathi has offered advisory services to several leading private sector banks concerning cybersecurity governance, crisis management, and policy reviews. Furthermore, he was a Consultant to the Reserve Bank Innovation Hub, where he guided projects related to cybersecurity in the financial sector. He also served as a Board Member of Indian Financial Technology and Allied Services (IFTAS), an RBI subsidiary, from 2019 to 2021, overseeing sector wide IT initiatives and technology governance.
The appointment leverages Mr. Periaswamy’s ability to effectively bridge technology, regulatory standards, and strategic planning, reinforcing his commitment to strengthening trust in financial systems.
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Note: The company name "Karnataka Bank Limited" is used as provided in the source document, though subsequent context suggests the abbreviation KTKBANK.
KTKBANK Stock Price Movement
The Karnataka Bank Limited shares rallied today, closing at ₹290.75 after settling up by 4.66% on a strong performance. The stock achieved its 52-week high during trading, completing the session with nearly 9.42 million shares traded against a daily range of ₹279 to ₹292.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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