You are here: Home » PTI Stories » National » News
Business Standard

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

Business Finance

Press Trust of India  |  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) andMahabaleshwara M S as Managing Director & CEO of the Bank for a further period of three years with effect from April 15, 2020," it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, April 11 2020. 17:00 IST