🔄 Leadership Shake-Up at Karnataka Bank
Karnataka Bank, one of India’s leading private sector lenders, has announced a significant top-level management reshuffle. CEO and MD Srikrishnan H. Sarma and Executive Director Sekhar Rao have tendered their resignations. The bank also named Raghavendra Srinivas Bhat as the new Chief Operating Officer (COO).
🧑💼 Who Is Raghavendra Srinivas Bhat?
Raghavendra Srinivas Bhat, a senior banking professional with over two decades of experience in retail, risk, and operations, is set to play a key role in Karnataka Bank’s next phase of transformation. His appointment as COO reflects the bank’s ongoing strategy to strengthen governance and operational efficiency.
📋 Board Approves Major Changes
The Board of Directors accepted the resignations of both Sarma and Rao.
Sarma is stepping down due to personal reasons, while Sekhar Rao is reported to have resigned for professional opportunities elsewhere.
These exits come at a time when the bank is undertaking digital modernization and structural reforms.
📈 What This Means for Karnataka Bank
The leadership changes are expected to impact the bank’s strategic direction and digital transition efforts.
The new COO is expected to streamline operations, bolster compliance, and improve customer-centric processes.
Analysts say the development reflects the dynamic shifts in India’s banking sector, especially among mid-sized lenders.
🗣️ Official Statement (Excerpt)
“We thank Mr. Sarma and Mr. Rao for their contributions and welcome Mr. Bhat to the leadership team as we continue our journey toward becoming a next-gen digital bank,” said a board member.
❓FAQs
Q1. Who resigned from Karnataka Bank in 2025?
CEO & MD Srikrishnan H. Sarma and Executive Director Sekhar Rao both resigned.
Q2. Who is the new COO of Karnataka Bank?
Raghavendra Srinivas Bhat has been appointed as the Chief Operating Officer.
Q3. Why did Sarma and Rao resign?
Sarma cited personal reasons, while Sekhar Rao is believed to have stepped down for professional growth.
Q4. What is the role of the new COO?
To manage core operations, improve digital transformation, and support strategic business goals.
Q5. How does this affect Karnataka Bank's future?
The leadership change is part of a broader strategy to modernize operations and improve governance.
published on 30 june
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