Karnataka Bank gets RBI nod to reappoint Mahabaleshwara MS as MD and CEO for 3 yrs

Team Udayavani, Apr 11, 2020, 5:11 PM IST

New Delhi: Private sector lender Karnataka Bank on Saturday said it has received RBI nod for reappointment of Mahabaleshwara M S as MD and CEO for next three years.

The regulator has also approved for reappointment ofP Jayarama Bhat as part time (non executive) chairman.

“…pursuant to the approval received from the Reserve Bank of India, the Board of Directors of the Bank have reappointed P Jayarama Bhat as Part Time (Non Executive) Chairman to hold office upto November 13, 2021 (i.e. upto the upper age limit of 70 years) and Mahabaleshwara M S as Managing Director & CEO of the Bank for a further period of three years with effect from April 15, 2020,” it said.

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