Bengaluru, June 30 -- The shares of this leading bank tumbled over 8 percent on Monday as its senior executives resigned from the management, citing allegations of fraud. In this article, we will discuss more about this in detail.

With a market capitalization of Rs 7,408 crores, the shares of Karnataka Bank Ltd are currently trading at Rs 196 per share, down by 25 percent from its 52-week high of Rs 245 per share. Over the past five years, the stock has delivered a return of 366 percent.

On June 29th, the board of directors of Karnataka Bank accepted the resignation of Managing Director and CEO, Mr. Srikrishnan Hari Hara Sarma, and its Executive Director, Mr. Sekhar Rao, citing personal reasons. This comes nearly two months after the ba...