6 months ago
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Karnataka Bank connected Saturday announced the assignment of Raghavendra S. Bhat arsenic the managing manager and Chief Executive Officer of the slope effectual from November 16, for 1 year.
On July 14, 2025, the committee of directors appointed Mr. Bhat arsenic an further manager successful the capableness of managing manager and CEO of the slope for 3 months with effect from July 16, pursuing the resignation of the past MD and CEO Srikrishan Hari Hara Sarma connected June 29. Mr. Sarma’s resignation took effect connected July 15, 2025.
On October 4, the slope informed the banal exchanges that the RBI granted an hold for a play of 1 month, effectual from the tenure of Mr. Bhat arsenic MD and CEO, for 1 period with effect from October 16, 2025.
The slope informed banal exchanges that Mr. Bhat has had a 38-year vocation astatine Karnataka Bank starting arsenic a clerk successful 1981. Over the years, helium roseate done the ranks and yet served arsenic the Chief Operating Officer successful the Chief General Manager cadre up to 2019.
Mr. Bhat’s assignment for 1 twelvemonth follows support from the Reserve Bank of India (RBI) successful its missive connected November 14, 2025. The committee of the bank, headquartered successful Mangaluru, astatine its gathering connected Saturday confirmed the assignment of Mr. Bhat arsenic MD and CEO.
A merchandise from the slope said connected Saturday that with extended expertise crossed assorted domains, Mr. Bhat’s nonrecreational travel encompasses banking and finance. During his tenure successful the slope his divers acquisition spans and covers each cardinal areas of Banking and Finance, including HR, IT and Digital Banking, Treasury and Forex Operations, Insurances (Third Party products) and Rural Economy. He had held apical absorption positions for much than a decade.
