India's Karnataka Bank falls after top boss Sarma steps down

Karnataka Bank

30/06/2025 04:56

** Shares of India's Karnataka Bank KBNK.NS down 4.4%

** Lender's MD, CEO Srikrishnan Hari Hara Sarma has resigned citing personal reasons, KNBK said on Sunday

** Executive Director Sekhar Rao has also stepped down, co added

** Bank says has formed a search committee to identify candidates for the two positions

** YTD stock has fallen 7%

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))