Karnataka Bank Appoints Dr. M Aruna Shyam as Additional Non-Executive Independent Director
Karnataka Bank Ltd has appointed Dr. M Aruna Shyam as an Additional Director in the category of Non-Executive, Independent Director following a Board meeting held on July 18, 2026.The appointment grants Dr. M Aruna Shyam the role for a period of four years, effective from July 18, 2026. The Bank’s Board made this decision to bring specialized legal expertise onto its governing body.
Key details of the directorial appointment are as follows:
| Particular | Detail |
|---|---|
| Appointee | Dr. M Aruna Shyam |
| Designation | Additional Director (Non-Executive, Independent) |
| Effective Date | July 18, 2026 |
| Term of Appointment | Four years |
Dr. M Aruna Shyam is described as a qualified postgraduate in Business Law and holds a doctorate in Law (Constitution & Criminal Law). He has been actively practicing law since 2004.
Over the course of more than two decades, he has developed extensive experience across various branches of law including Civil, Criminal, Constitutional, Co-operative, Corporate, Banking, Labour, Insurance, and Service Laws. His legal practice includes appearances before Civil Courts, various Tribunals, Debt Recovery Tribunals, the National Company Law Tribunal, the High Court of Karnataka, and the Supreme Court of India.
Furthermore, Dr. Shyam served as the Additional Advocate General for the State of Karnataka from 2020 to 2023. He was designated as a Senior Advocate by the Honourable High Court of Karnataka on December 14, 2021.
Regarding relationships within the Bank, it has been disclosed that Dr. M Aruna Shyam is not related to any of the existing Directors of the Bank.
KTKBANK Stock Price Movement
The Karnataka Bank Limited shares slipped by 0.05% on Friday, closing at ₹273.15 after trading activity that saw the stock drop ₹0.15 from its previous close. The stock closed well above its intraday low of ₹268.35, amid a reported volume of 1.48 million shares.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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