The Karnataka Bank Limited has informed the Exchange regarding Appointment of Appointment of COO Mr. Raghavendra Bhat as Other of the company w.e.f. July 02, 2025.
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Karnataka Bank has appointed Mr. Raghavendra Srinivas Bhat as its new Chief Operating Officer (COO), effective July 02, 2025. The decision was approved by the Board on June 29, 2025. Mr. Bhat is a long-serving internal candidate with 38 years of experience at the bank, having joined as a clerk in 1981 and rising through the ranks to the CGM Cadre. His expertise covers banking, finance, HR, IT & digital banking, treasury, forex operations, insurance, and the rural economy. He will serve as Senior Management Personnel based at the bank's head office in Mangaluru, appointed until further orders.
This is a continuity appointment from within the bank, which signals stability at the top management level and a smooth succession plan. Internal promotions of seasoned veterans are generally viewed positively by investors as they ensure institutional knowledge is retained.