India's Karnataka Bank names Raghavendra Srinivas Bhat as interim MD, CEO

ReutersLast Updated: Jul 14, 2025, 01:44:00 PM IST

Synopsis

Karnataka Bank has named Raghavendra Srinivas Bhat arsenic the interim Managing Director and CEO. This follows the resignation of Srikrishnan Hari Hara Sarma, who stepped down citing idiosyncratic reasons. Bhat, antecedently the Chief Operating Officer, volition clasp the presumption for 3 months. Sarma's departure had earlier impacted the bank's banal performance.

Indian lender Karnataka Bank connected Monday said Chief Operating Officer Raghavendra Srinivas Bhat volition enactment arsenic interim managing director and chief enforcement officer for a play of 3 months.

Former Managing Director and Chief Executive Officer, Srikrishnan Hari Hara Sarma resigned connected June 29, citing idiosyncratic reasons and triggering a slump successful the lender's shares.

Raghavendra Srinivas Bhat, who has been with the bank for much than 3 decades, was appointed COO successful June.