FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
comScore (SCOR), a global media measurement and analytics company, reported U.S. desktop retail e-commerce spending for the first 27 days of the November-December 2015 holiday season. For the holiday season-to-date, $23.4 billion has been spent online, marking a 5-percent increase versus the corresponding... Cricket Wireless Monday said it is adding to the Cyber Monday excitement by offering new and existing customers 50 percent off Samsung Galaxy S4, S5, and S6 today through December 3 with activation on a smartphone plan. The offer can be combined with the Black Friday offer where customers switching... Global watch maker, Swatch Group will be launching "pay by the wrist" watches early next year in partnership with Visa Inc.
comments powered by Disqus
Follow RTT