Mr. Srikrishnan Hari Hara Sarma assumes charge as Managing Director & CEO of Karnataka Bank Limited

Karnataka Bank Limited, a prominent private sector bank in Southern India, announces today that Srikrishnan has formally assumed the responsibilities of Managing Director & CEO at its Bull Temple Road office in Bangalore. This assignment follows his recent appointment which will span across a three-year term.

On assuming charge as MD & CEO, Mr. Srikrishnan said, "This is indeed a honour as I inherit a very rich legacy of trust and excellence. As we enter our centenary year, we will launch i1movative and digital solutions with an accelerated outreach, physically and virtually. We stand committed as a team to reinvent the Bank and shall remain relevant for the present and future needs of all our customers."

Mr. Srikrishnan brings an extensive background of about forty years in various banking domains, including Commercial, Retail & Transactional Banking, Technology, and Payments. His prior experiences encompass significant senior roles at HDFC Bank Limited, Yes Bank Limited, and Jio Payments Bank Limited. At HDFC Bank Limited, he was part of the pioneering founding management team and played a crucial role in developing the bank's Corporate and Retail Banking, Treasury, and Capital Markets Infrastructure segments. His tenure at Yes Bank Limited witnessed him establishing the Commercial Banking infrastructure. As MD & CEO of Jio Payments Bank Limited since inception, he spearheaded the licensing and commencement of operations.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 147.85 as compared to the previous close of Rs. 149.10. The total number of shares traded during the day was 114225 in over 2174 trades.

The stock hit an intraday high of Rs. 150.00 and intraday low of 147.10. The net turnover during the day was Rs. 16981201.00.

Source : Equity Bulls

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TheKarnatakaBank INE614B01018 Charge Assumption MD CEO