Karnataka Bank Ltd has appointed Parthasarathi Periaswamy as Additional Director (Non-Executive, Independent) for a four-year term effective July 29, 2026. According to reports from The Hindu BusinessLine, the appointment is subject to approval from the bank's shareholders. This strategic addition brings significant cybersecurity expertise to the bank's leadership structure, with the appointment expected to further strengthen the bank's digital transformation initiatives in information technology, cybersecurity and governance.
Periaswamy brings over three decades of experience in technology and cybersecurity leadership within India's financial sector. As reported by The Hindu BusinessLine, he served as Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India, where he played a pivotal role in developing national cybersecurity frameworks, modernising mission-critical technology infrastructure and enhancing cyber resilience across the country's banking ecosystem. His extensive background includes serving as Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT), where he directed IT infrastructure, trust services and the Indian Banking - Cyber Alert and Response Team (IB-CART), the national threat intelligence platform for the banking sector.
According to the media statement, Periaswamy's leadership extended to convening the CISO Forum and organising several national-level cyber security drills, helping banks improve collaboration, preparedness and response mechanisms against emerging cyber threats. He also served as a Consultant to the Reserve Bank Innovation Hub, where he guided projects focused on strengthening cybersecurity in India's financial ecosystem. Additionally, he was a Board Member of Indian Financial Technology and Allied Services (IFTAS), an RBI subsidiary, for 2019-21, where he oversaw technology governance and sector-wide IT initiatives aimed at improving digital banking infrastructure.
This appointment enhances Karnataka Bank's leadership with specialized expertise in cybersecurity and technology infrastructure. As reported by The Hindu BusinessLine, the bank's decision to appoint a cybersecurity expert reflects the growing importance of digital security in the banking sector. The four-year term provides stability for the bank's technology governance and cybersecurity initiatives. Karnataka Bank believes that Periaswamy's extensive experience at the highest levels of India's financial sector will significantly benefit the bank's ongoing technology initiatives, with his expertise in information technology, cybersecurity and digital governance expected to support efforts to strengthen digital infrastructure, improve cyber resilience and enhance technology-led banking services for customers.
