Jammu, July 2 -- When the two top bosses of a century-old institution like Karnataka Bank decide to leave within days of each other, both citing "personal reasons," it is bound to raise eyebrows. On June 29, 2025, the bank disclosed that its Managing Director and CEO, Srikrishnan Hari Hara Sarma, along with Executive Director Sekhar Rao, had tendered their resignations, effective July 15 and July 31, respectively. Sarma attributed his decision to a wish to relocate to Mumbai, while Rao spoke of difficulties in adjusting to Mangaluru, among other personal factors.

At first glance, these explanations seem simple enough - career and life choices. Yet behind the scenes, reports of tensions in the bank's boardroom suggest there may be deeper ...