Karnataka Bank Ltd., often referred to as ‘Your Family Bank, Across India’, has announced the formal appointment of Mr. Raghavendra Srinivas Bhat as the bank’s Managing Director and Chief Executive Officer (MD & CEO).
The appointment was approved by the Bank’s Board of Directors at a meeting held today, November 15, 2025. This decision followed the receipt of necessary approval from the Reserve Bank of India (RBI), communicated via a letter dated November 14, 2025.
Mr. Bhat’s appointment, formalized under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is for a period of one year, effective from November 16, 2025.
He will simultaneously assume the role of a Key Managerial Personnel (KMP) of the Bank from the same date.
The Bank is required to place this appointment before its shareholders for approval within three months of Mr. Bhat assuming his charge.
The disclosure also confirmed that Mr. Raghavendra Srinivas Bhat (DIN: 11165725) has not been debarred from holding the office of a Director by SEBI or any other regulatory authority. Furthermore, the Bank confirmed he is not related to any of the existing Directors.
Mr. Bhat brings significant institutional knowledge and experience to the role, having dedicated 38 years of his career to Karnataka Bank Limited.
He initially began his tenure as a Clerk in 1981 and progressively ascended through the ranks.
Prior to this formal appointment, Mr. Bhat served as the Chief Operating Officer (COO) in the Chief General Manager (CGM) Cadre until 2019.
Currently, he has been working as the MD & CEO of the Bank effective from July 16, 2025.
His extensive expertise is wide-ranging, covering all key areas of Banking and Finance, including HR, IT & Digital Banking, Treasury & Forex Operations, Insurance (Third Party Products), and Rural Economy. Mr. Bhat’s background also includes deep ties to agriculture, stemming from his roots in an agriculturist family.
Having held top management positions for more than a decade, his leadership and vision have been pivotal in shaping strategic decisions at the highest levels.
Signed by Sham K, Company Secretary & Compliance Officer. Under Intimation pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
हे गुडाकेश! मैं सभी प्राणियों के हृदय में स्थित आत्मा हूँ। मैं उन्हें मार्गदर्शन और स्थिरता देता हूँ।
I am the Self, O Gudakesha, seated in the hearts of all beings. I guide them and provide stability in life.
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