The Karnataka Bank Limited has informed the Exchange regarding Appointment of Mr. Raghavendra Srinivas Bhat as Managing Director & CEO of the company w.e.f. July 16, 2025.
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Karnataka Bank has appointed Mr. Raghavendra Srinivas Bhat as the Managing Director & CEO, effective July 16, 2025, based on RBI approval. He was appointed by the Board on July 14, 2025, initially for a 3-month term or until a regular MD & CEO is appointed, whichever is earlier. Mr. Bhat is a long-standing internal candidate with 38 years of experience at Karnataka Bank, having started as a Clerk in 1981 and previously served as Chief Operating Officer (CGM Cadre) until 2019. He was reappointed as COO on July 2, 2025, just before this elevation. He is not related to any existing director and has not been debarred by SEBI.
This is a short-term, interim leadership appointment of a known internal insider, which should provide continuity and stability for shareholders while the bank searches for a permanent MD & CEO. The market is unlikely to see this as a material surprise, though the brief 3-month term suggests a permanent successor is being lined up.