Karnataka Bank has informed that pursuant to the approval received from Reserve Bank of India under Section 10B(1-A) of the Banking Regulation Act, 1949, the board of directors at the meeting held on September 14, 2012 has re-appointed Ananthakrishna as part-time chairman of the board of directors of the bank for a period of 3 years.
The above information is a part of company's filings submitted to BSE.