Karnataka Bank Limited has announced the appointment of Mr. Raghavendra Srinivas Bhat (DIN: 11165725) as Additional Director in the capacity of Managing Director & CEO for a three-month term effective July 16, 2025. The appointment, approved by the Board of Directors at their meeting on July 14, 2025, follows Reserve Bank of India approval and puts the seasoned banker in charge until a permanent managing director and chief executive officer is chosen.
Strategic Leadership Transition and RBI Approval
On July 14, 2025, the Board of Directors met from 11:20 AM to 12:45 PM, formally appointing Mr. Bhat as Key Managerial Personnel with effect from July 16, 2025. The three-month term provides continuity in leadership while the bank conducts the process for appointing a permanent Managing Director & CEO, ensuring uninterrupted strategic direction during the transition period.
Company Secretary & Compliance Officer Sham K filed the regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that Mr. Bhat has not been debarred from holding directorial positions by SEBI or any other regulatory authority. This appointment demonstrates Karnataka Bank’s commitment to experienced internal leadership during critical organizational transitions.
Distinguished 38-Year Banking Career at Karnataka Bank
After starting as a clerk in 1981 and moving up through the ranks, Mr. Raghavendra Srinivas Bhat had an impressive 38-year career with Karnataka Bank Limited. He was the Chief Operating Officer (COO) in the CGM Cadre until 2019. His comprehensive banking expertise spans HR, IT & Digital Banking, Treasury & Forex Operations, Insurance (Third Party Products), and Rural Economy, reflecting deep institutional knowledge and operational excellence.
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Because of his agriculturist family heritage, Mr. Bhat has a wealth of knowledge in banking, finance, and agriculture. His professional background covers all the essential facets of contemporary banking operations. Having held top management positions for more than a decade, his leadership and vision have been pivotal in shaping strategic decisions at the highest organizational levels, positioning him ideally for the Managing Director & CEO role.
Current Role and Organizational Impact
Currently serving as Chief Operating Officer of the Bank effective July 2, 2025, Mr. Bhat’s recent appointment as COO preceded his elevation to the Managing Director & CEO position, demonstrating the Board’s confidence in his leadership capabilities. His diverse experience across multiple banking domains and deep understanding of Karnataka Bank’s operations provide strategic continuity during this leadership transition.
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