Karnataka Bank Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Srikrishnan Sarma

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO

Srikrishnan Sarma (60 yo)

less than a year

Tenure

Mr. Srikrishnan Harihara Sarma is Managing Director, CEO & Director of The Karnataka Bank Limited from June 09, 2023. He has previously held key positions at HDFC Bank, Yes Bank, and Jio Payments Bank. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Y. Balachandra	Chief Operating Officer	4.9yrs	₹5.60m	no data
Gokuldas Pai	Chief Business Officer	4.9yrs	₹5.20m	no data
Sekhar Rao	Executive Director	1.3yrs	₹6.15m	no data
Srikrishnan Sarma	MD, CEO & Director	less than a year	no data	no data
Abhishek Bagchi	Chief Financial Officer	no data	no data	no data
B. Padmanabha	Deputy GM & CTO	no data	no data	no data
Sham Kanathila	Company Secretary & Compliance Officer	1.2yrs	no data	0.0010% ₹ 900.5k
Srinivas Deshpande	Assistant GM of Public Relations	no data	no data	no data
Raghurama H. Rao	Deputy GM & Chief Risk Officer	no data	no data	no data
Nirmal Kumar Hegde	GM, Head of Internal Audit & Chief of Internal Vigilance	no data	no data	no data
K. Kannan	GM & Chief Information Security Officer	no data	no data	no data
A. Kamath	Deputy GM & Chief Information Security Officer	no data	no data	no data

1.3yrs

Average Tenure

Experienced Management: 532652's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Sekhar Rao	Executive Director	1.3yrs	₹6.15m	no data
Srikrishnan Sarma	MD, CEO & Director	less than a year	no data	no data
Uma Shankar	Non Executive Independent Director	3.4yrs	₹4.30m	0.00027% ₹ 236.1k
Pradeep Panja	Independent Part Time Non-Executive Chairman	3.7yrs	₹4.70m	0.00090% ₹ 786.8k
Jeevandas Narayan	Non-Executive Independent Director	2yrs	₹4.40m	0.000050% ₹ 43.7k
Balakrishna Shettwalli	Non Executive Independent Director	2.9yrs	₹3.60m	0.00013% ₹ 113.7k
Balebail Ashok	Non-Executive Director	4.7yrs	₹4.00m	0.00044% ₹ 384.7k
Harish Visweswara	Independent Director	less than a year	no data	no data
Arakalgud Chandrashekar	Non Executive Independent Director	3.7yrs	₹2.60m	0.00013% ₹ 113.7k
Devarayasamudram Ravindran	Non Executive Independent Director	3yrs	₹3.60m	0.00011% ₹ 96.2k
Kalmanje Acharya	Non-Executive Independent Director	2yrs	₹4.00m	0.00075% ₹ 655.7k

2.9yrs

Average Tenure

63yo

Average Age

Experienced Board: 532652's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Karnataka Bank Management

Management criteria checks 0/4

Key information

Recent management updates

The Karnataka Bank Limited Announces Cessation of Keshav Krishnarao Desai as Independent Director

the Karnataka Bank Limited Appoints Mr. Ramaswamy Subramanian as the Chief Product Officer

The Karnataka Bank Limited, Annual General Meeting, Aug 29, 2023

The Karnataka Bank Limited Appoints Srikrishnan Harihara Sarma as Managing Director and CEO

the Karnataka Bank Limited Announces Appointment of Mr. Sekhar Rao as the Executive Director

High number of new directors

Recent updates

Price target increased by 13% to ₹337

Third quarter 2024 earnings released: EPS: ₹9.79 (vs ₹9.65 in 3Q 2023)

The Karnataka Bank Limited has filed a Follow-on Equity Offering.

The Karnataka Bank Limited to Report Q3, 2024 Results on Mar 11, 2024

The Karnataka Bank Limited Announces Cessation of Keshav Krishnarao Desai as Independent Director

The Karnataka Bank Limited announced that it expects to receive INR 999.999814 million in funding from ICICI Lombard General Insurance Company Limited

Third quarter 2024 earnings released: EPS: ₹9.79 (vs ₹9.65 in 3Q 2023)

Investor sentiment improves as stock rises 18%

Price target increased by 7.9% to ₹299

The Karnataka Bank Limited to Report Q3, 2024 Results on Jan 23, 2024

the Karnataka Bank Limited Appoints Mr. Ramaswamy Subramanian as the Chief Product Officer

Second quarter 2024 earnings released

The Karnataka Bank Limited announced that it has received INR 7.999999617 billion in funding from HDFC Life Insurance Company Limited, Bajaj Allianz Life Insurance Company Limited, Bharti AXA Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited

New minor risk - Shareholder dilution

The Karnataka Bank Limited to Report Q2, 2024 Results on Nov 02, 2023

Upcoming dividend of ₹5.00 per share at 2.2% yield

Price target increased by 40% to ₹269

The Karnataka Bank Limited, Annual General Meeting, Aug 29, 2023

First quarter 2024 earnings released: EPS: ₹11.87 (vs ₹3.66 in 1Q 2023)

The Karnataka Bank Limited to Report Q1, 2024 Results on Aug 03, 2023

Investor sentiment improves as stock rises 25%

Full year 2023 earnings released: EPS: ₹37.87 (vs ₹16.34 in FY 2022)

The Karnataka Bank Limited Appoints Srikrishnan Harihara Sarma as Managing Director and CEO

Third quarter 2023 earnings released: EPS: ₹9.65 (vs ₹4.71 in 3Q 2022)

The Karnataka Bank Limited to Report Q3, 2023 Results on Feb 02, 2023

the Karnataka Bank Limited Announces Appointment of Mr. Sekhar Rao as the Executive Director

Investor sentiment deteriorated over the past week

High number of new directors

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹13.22 (vs ₹4.04 in 2Q 2022)

The Karnataka Bank Limited Launches KBL Centenary Deposit Scheme @ 7.60% ROI

The Karnataka Bank Limited Announces Resignation of Mahabaleshwara M S as CEO

The Karnataka Bank Limited to Report Q2, 2023 Results on Nov 01, 2022

Investor sentiment improved over the past week

The Karnataka Bank Limited Announces Management Changes

The Karnataka Bank Limited Declares Dividend

Price target increased to ₹72.00

Upcoming dividend of ₹4.00 per share

First quarter 2023 earnings released: EPS: ₹3.66 (vs ₹3.41 in 1Q 2022)

The Karnataka Bank Limited, Annual General Meeting, Aug 26, 2022

The Karnataka Bank Limited to Report Q1, 2023 Results on Jul 23, 2022

The Karnataka Bank Limited Announces Resignation of Prasanna Patil as Company Secretary, Effective August 31, 2022

The Karnataka Bank Limited Launches Online SB Account Opening Facility

The Karnataka Bank Limited Appoints Mr. Raghuram H S as Chief Risk Officer

Full year 2022 earnings released: EPS: ₹16.36 (vs ₹15.52 in FY 2021)

The Karnataka Bank Limited Recommends Dividend for the Year Ended March 31, 2022

The Karnataka Bank Limited to Report Fiscal Year 2022 Results on May 27, 2022

High number of new directors

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2022 earnings released: EPS ₹4.04 (vs ₹3.84 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Upcoming dividend of ₹1.80 per share

First quarter 2022 earnings released: EPS ₹3.41 (vs ₹6.32 in 1Q 2021)

Price target decreased to ₹68.00

Non-Executive & Independent Director has left the company

Full year 2021 earnings released: EPS ₹15.52 (vs ₹13.89 in FY 2020)

Price target increased to ₹76.67

Non-Executive & Independent Director has left the company

New 90-day high: ₹69.90

Price target raised to ₹67.50

Third quarter 2021 earnings released: EPS ₹4.35

New 90-day high: ₹60.45

The Karnataka Bank Limited to Report Q3, 2021 Results on Jan 12, 2021

Market bids up stock over the past week

New 90-day high: ₹47.35

First half earnings released

The Karnataka Bank Limited Appoints Uma Shankar as Additional Director, Effective November 1, 2020

The Karnataka Bank Limited to Report Q2, 2021 Results on Oct 13, 2020