<p class="title">Pursuant to the approval received from the Reserve Bank of India (RBI), Board of Directors of Karnataka Bank reappointed Mahabaleshwara M S as managing director and chief executive officer (CEO) of the bank, for a further period of three years, with effect from April 15.</p>.<p class="bodytext">P Jayarama Bhat was reappointed as part-time (non-executive) chairman up to November 13, 2021. </p>.<p class="bodytext">On being re-appointed as MD and CEO Mahabaleshwara said, “I consider it as an honour to be retained as MD and CEO of this great institution for a period of 3 years. It is also a welcome coincidence that my mentor and present chairman of Karnataka Bank, P Jayarama Bhat is re-appointed as chairman for another period of 18 months." </p>.<p class="bodytext">Mahabaleshwara said he was aware that the entire world is facing an unprecedented new set of challenges in the form of Covid-19 and the threat of economic recession.</p>.<p class="bodytext">"But, I am confident that Karnataka Bank is now better prepared to face these challenges head on, as we have grown bigger and stronger due to many initiatives,” he added.</p>
<p class="title">Pursuant to the approval received from the Reserve Bank of India (RBI), Board of Directors of Karnataka Bank reappointed Mahabaleshwara M S as managing director and chief executive officer (CEO) of the bank, for a further period of three years, with effect from April 15.</p>.<p class="bodytext">P Jayarama Bhat was reappointed as part-time (non-executive) chairman up to November 13, 2021. </p>.<p class="bodytext">On being re-appointed as MD and CEO Mahabaleshwara said, “I consider it as an honour to be retained as MD and CEO of this great institution for a period of 3 years. It is also a welcome coincidence that my mentor and present chairman of Karnataka Bank, P Jayarama Bhat is re-appointed as chairman for another period of 18 months." </p>.<p class="bodytext">Mahabaleshwara said he was aware that the entire world is facing an unprecedented new set of challenges in the form of Covid-19 and the threat of economic recession.</p>.<p class="bodytext">"But, I am confident that Karnataka Bank is now better prepared to face these challenges head on, as we have grown bigger and stronger due to many initiatives,” he added.</p>