The Karnataka Bank Limited has informed the Exchange regarding Resignation of Mr. Raghavendra Srinivas Bhat as Chief Operating Officer of the Bank w.e.f. July 15, 2025.
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Mr. Raghavendra Srinivas Bhat has resigned as Chief Operating Officer (COO) of Karnataka Bank, with the resignation taking effect from the close of business hours on July 15, 2025. The resignation is a direct consequence of his appointment as Additional Director in the capacity of Managing Director & CEO of the Bank, effective July 16, 2025. In effect, the Bank's current COO is being elevated to the top executive role, marking an internal succession. He will also cease to be a Senior Management Personnel of the Bank at the close of business on July 15, 2025. The Board meeting approving this intimation was held on July 14, 2025.
This is not an outgoing departure but an internal promotion — the existing COO is moving up to become MD & CEO, which generally signals leadership continuity and stability for shareholders. Investors will likely focus on his strategic priorities and execution as the new CEO from July 16, 2025.