Karnataka Bank announced on Monday that its Chief Operating Officer (COO), Raghavendra Srinivas Bhat, has resigned from his current role with effect from the close of business hours on July 15, 2025, as he prepares to take charge as the Managing Director and Chief Executive Officer (MD & CEO) of the bank.
In a regulatory filing, the bank stated that Bhat’s resignation as COO was taken on record by the Board of Directors during their meeting held on July 14, 2025. He has been appointed as an Additional Director and MD & CEO of Karnataka Bank for a term commencing July 16, 2025.
The leadership transition is in line with the bank’s governance and succession plans, ensuring continuity at the top. Bhat’s appointment as MD & CEO had been announced earlier and approved by the Reserve Bank of India (RBI).
Karnataka Bank, one of India’s prominent private sector lenders, said that Bhat’s experience and deep understanding of banking operations are expected to guide the institution through its next phase of growth.
Bhat has been associated with the bank in a senior leadership role, contributing to operational efficiency, technology upgrades, and strategic initiatives during his tenure as COO.