Karnataka Bank appoints COO as interim MD & CEO

ET BureauLast Updated: Jul 15, 2025, 06:14:00 AM IST

Synopsis

Karnataka Bank has named its COO, Raghavendra Srinivas Bhat, as the MD & CEO for a three-month interim period starting July 16, 2025, while the search for a permanent leader continues. This appointment follows the departure of Srikrishnan Hari Hara Sarma and Sekhar Rao due to disagreements with the board.

Kolkata: Karnataka Bank has appointed its chief operating officer Raghavendra Srinivas Bhat as managing director & chief executive officer for three months from July 16, 2025.

Meanwhile, the bank continues to search for a regular MD & CEO. The vacuum at the bank's top position was created earlier in the month as MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao stepped down from their respective positions after a conflict with the board.

Bhat will step aside if a new head comes before his three-month stint. Bhat has resigned from the COO position and has been appointed as an additional director at the board. Our Bureau

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