Karnataka Bank MD re-appointed for second term

Bengaluru: Private sector lender Karnataka Bank’s board has re-appointed its MD & CEO Mahabaleshwara MS for a further period of three years, and non-executive chairman P. Jayarama Bhat till November 13, 2021. The appointments followed approval from the Reserve Bank of India (RBI).

In a statement, Mahabaleshwara said: “I am aware that the entire world is facing an unprecedented new set of challenges in the form of covid-19 and the threat of another round of economic recession. I am confident that Karnataka Bank is better prepared to take these challenges head on, as we have grown bigger and stronger with various transformation initiatives.”