Karnataka Bank Appoints Mr. Raghavendra Srinivas Bhat as Managing Director & CEO

Mumbai: Karnataka Bank Limited (KTK Bank) announced the appointment of Mr. Raghavendra Srinivas Bhat as Managing Director & CEO, following approval by the shareholders through postal ballot and e-voting. The e-voting process concluded on January 22, 2026, with the resolution passed by the requisite majority.

The postal ballot was conducted as per the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with remote e-voting facilitated for all shareholders holding shares as of the cut-off date, December 19, 2025. The voting commenced on December 24, 2025, and concluded on January 22, 2026.

CS Ullas Kumar Melinamogaru, a practicing company secretary, was appointed as the scrutinizer to ensure the voting process was conducted fairly and transparently. Based on the scrutinizer’s report, the resolution for Mr. Raghavendra Srinivas Bhat’s appointment was approved with a majority of votes cast in favor, confirming his position as the new MD & CEO of Karnataka Bank.

The result of the e-voting and the scrutinizer’s report are also available on the Karnataka Bank website: KTK Bank Investors – Postal Ballot Results.

This appointment is expected to provide strategic leadership and further strengthen Karnataka Bank’s operations, governance, and financial growth in the banking sector.