Karnataka Bank authorizes CFO and Company Secretary to determine event materiality
Mr. Abhishek Sankar Bagchi has been appointed as Chief Financial Officer, and Mr. Sham K as Company Secretary and Compliance Officer.
Mangalore, 27 May 2025: Private Sector Lender Karnataka Bank has announced that it has appointed and authorizes a Chief Financial Officer and Company Secretary to carry out the events of the bank as per need.
Mr. Abhishek Sankar Bagchi has been appointed as Chief Financial Officer, and Mr. Sham K as Company Secretary and Compliance Officer.
The Board of Directors of the Karnataka Bank has authorised the Chief Financial Officer, or in his/her absence the Company Secretary, in consultation with the Managing Director & CEO, to determine the materiality of an event or information and also to :
Review the event/information and take necessary steps to verify its accuracy;
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Assess whether the event/information is required to be disclosed to the Stock Exchanges under the Listing Regulations;
Report the matter for external legal advice where it is not certain about the materiality of the event/information.
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