Mr. Raghavendra S Bhat assumes charge as Managing Director & CEO of Karnataka Bank Limited

Mr. Raghavendra S Bhat has assumed charge as the Managing Director & CEO of the Mangaluru based Kamataka Bank Limited, one of the leading private sector bank in India on July 16, 2025, at its Registered & Head Office in Mangaluru.

On assuming charge as MD & CEO, Mr. Raghavendra S Bhat said, "It is with immense pleasure and a deep sense of commitment that I joined Karnataka Bank today as the MD & CEO of the Bank.

Having begun my journey in Karnataka Bank Ltd as a clerk in the year 1981 and working for around 38 years in different capacities and retiring as a CGM/COO in the year 2019, I am proud and happy to join back our esteemed organization which has a special place in my professional journey.

Karnataka Bank, with a rich legacy of over 101 years, was founded in Mangaluru with the noble vision of supporting agriculture, MSMEs and other underserved sectors. It is popularly known as K.S.N. Adiga's Bank, a testament to its strong values and purpose driven growth. Over the decades, the Bank has grown by leaps and bounds and today stands tall as a leading Scheduled Commercial Bank with a strong pan-India presence.

One of the most remarkable aspects of our Bank is its history of declaring Net Profit from its inception and the track record of declaring dividends, which is something unique in the industry.

As I take on this new responsibility, I earnestly request the wholehearted support and cooperation of all our employees and esteemed customers who are our backbone in the success and growth of the Bank, in further strengthening and accelerating the growth journey of Karnataka Bank. Together, we can continue to uphold the Bank's proud legacy and take it to greater heights.

I also take this opportunity to sincerely thank the Board of Directors for reposing their trust in me and recommending my name to the RBI for this position and the Regulator considering the same and giving me the opportunity to serve as the MD & CEO of this great institution.

Media has a great role to play and support in the development of the society at large and I place on record the constructive way the media has played in the groivth of this Organization also."

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 193.00 as compared to the previous close of Rs. 193.05. The total number of shares traded during the day was 27683 in over 720 trades.

The stock hit an intraday high of Rs. 194.95 and intraday low of 192.75. The net turnover during the day was Rs. 5352068.00.

Source : Equity Bulls

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