Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Mahabaleshwara Bhat Is New Chief General Manager Of Karnataka Bank

Mangalore headquartered premier private sector bank Karnataka Bank Ltd. has promoted its General Manager M.S. Mahabaleshwara Bhat, as its Chief General Manager.

Mahabaleshwara Bhat, a post graduate in Agricultural Science, has over 29 years of banking experience both at operational and administrative levels.

He jointed Karnataka Bank in 1982. Initially he served at Credit Department of the bank at Mangalore, Later on he headed Banakal, Chickmagalur Agricultural Development Branch and Bangalore Kasturba Road branches of the bank.

On his promotion as Chief Manager and later on as Assistant General Manager he served at Credit Department and Planning & Development Department of the bank at its Head Office, Mangalore. Later on he moved to New Delhi Regional Office as Regional Head. In 2011, he was elevated to the post of General Manager.

He has good experience in administration of 'Agri & Rural Credit,' Retail, MSME and corporate finance, Forex business, Corporate Planning & Development, Business Process Reengineering, New Products development, Bancassurance Business, Alternate Delivery Channels. Etc.

In another announced in the BSE, the bank has raised its NRE Rupee deposit interest rates by 50 basis points for three years to ten years maturity effecting September 2, 2013.

The revised interest rate for three years to five years maturity was increased to 9.50 percent from nine percent and for above five years to ten years maturity the rate was increased to 9.25 percent from 8.75 percent.

At the BSE, Karnataka Bank shares are currently trading at Rs.77.20, down 2.22 percent from the previous close.

Register
To receive FREE breaking news email alerts for Karnataka Bank Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Two federal appeals courts have issued contradictory rulings over the federal government's ability to provide subsidies under Obamacare, suggesting that the future of President Barack Obama's healthcare law could once again end up in the hands of the U.S. Supreme Court. After ending the previous session modestly lower, stocks have shown a strong move back to the upside during trading on Tuesday. With the upward move on the day, the S&P 500 has reached a new record intraday high. A majority of Americans believe Israel is justified in taking military action against Gaza, according to the results of a new CNN/ORC International survey, although opinions about the amount of military force the Israelis have used are more divided.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.