India's Karnataka Bank names Raghavendra Srinivas Bhat as interim MD, CEO (updated)

Karnataka Bank

14/07/2025 09:09

Adds details, background from paragraph 2 onwards

July 14 (Reuters) - Indian lender Karnataka Bank KBNK.NS on Monday said Chief Operating Officer Raghavendra Srinivas Bhat will act as interim managing director and chief executive officer for a period of three months.

Former Managing Director and Chief Executive Officer, Srikrishnan Hari Hara Sarma resigned on June 29, citing personal reasons and triggering a slump in the lender's shares.

Raghavendra Srinivas Bhat, who has been with the bank for more than three decades, was appointed COO in June.

 (Reporting by Manvi Pant; Editing by Vijay Kishore)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))