Current Affairs - Banking - Discussion

Raghavendra S Bhat was appointed as the interim Managing Director and Chief Executive Officer of Karnataka Bank effective 16 July 2025, following the resignation of the former MD & CEO, Srikrishnan Hari Hara Sarma. With over four decades of experience at Karnataka Bank, Bhat joined as a clerk in 1981 and rose through the ranks to become Chief Operating Officer in 2019. His appointment as interim CEO is for a three-month period or until a permanent successor is appointed. His longstanding association with the bank ensures operational stability during this leadership transition phase.