Mangaluru: The private sector lender, The Ltd has appointed Parthasarathi Periaswamy as Additional Director (Non-Executive, Independent) of the Bank for a period of four years, with effect from July 29, 2026. The appointment is subject to the approval of the shareholders of the Bank as per the SEBI (LODR) Regulations, 2015 and applicable provisions of the Companies Act, 2013.
Parthasarathi Periaswamy is a seasoned technology and cyber security leader with over three decades of experience at the highest levels of India’s financial sector. As former Chief Information Security Officer and Chief General Manager (IT) at the Reserve Bank of India, he has played a pivotal role in shaping national cyber security frameworks, modernizing mission critical infrastructure and strengthening resilience across the banking ecosystem.
He has served as Chief Technology Officer at the Institute for Development and Research in Banking Technology (IDRBT), where he directed IT infrastructure, trust services and the national threat intelligence platform (IB CART). His leadership extended to convening the CISO Forum and organizing national cyber drills, fostering collaboration and preparedness among banks.
Beyond central banking, Parthasarathi has advised leading private sector banks on cyber security governance, policy reviews and crisis management. He was formerly a Consultant to the Reserve Bank Innovation Hub, guiding projects on cyber security in the financial sector. Further, he was a Board Member of Indian Financial Technology and Allied Services (IFTAS), an RBI subsidiary, for the period 2019 – 2021, where he had overseen technology governance and sector wide IT initiatives.
Widely respected for his ability to bridge technology, regulation and strategy, Parthasarathi is passionate about advancing organizational resilience, regulatory technology and cyber security governance. His career reflects a commitment to strengthening trust in financial systems and preparing institutions for the challenges of a digital future.
Parthasarathi Periaswamy’s vast leadership experience at the highest levels of India’s financial sector in Information Technology and allied areas like cyber security will help strengthen the digital initiatives of Karnataka Bank.