CSB Bank Appoints B. K. Divakara as Whole-Time Director

The Board of Directors of CSB Bank Limited has approved the appointment of B. K. Divakara as a whole-time director (designated as Executive Director) for three years, with effect from March 15, 2024.

Divakara joined the CSB bank as the CFO and CCO (Additional) and later became Head of Strategy and Corporate Legal. He has also worked with the Central Bank of India as an Executive Director. He started his career with Corporation Bank as General Manager and spent more than 27 years with the bank. He is a Chartered Accountant, Cost Accountant, Company Secretary.

Furthermore, the Board approved the name of the candidate for the position of part-time Chairperson of the bank. The term of appointment of Bhama Krishnamurthy as Part-Time Chairperson will end on September 28, 2024, and the new appointment is effective on September 29, 2024, subject to approvals. The Bank will make an application to the RBI seeking its approval for the appointment in terms of Section 10B(1A) (i) of the Banking Regulation Act, 1949, and further disclosure in this regard will be made post receipt of communication / approval from the RBI.