logo
Share SHARE
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

More Breaking News

0 Articles
Editors Pick
Dairy giant Saputo Inc. is voluntarily recalling certain Gouda cheese products in the U.S. due to potential listeria contamination. Saputo said one of its suppliers, Deutsch Kase Haus, LLC of Middlebury, Indiana, notified the company that some specialty Gouda cheese products that it supplied to Saputo's Green Bay, Wisconsin facility may have been contaminated with Listeria monocytogenes. Amazon is exploring the possibility of using parachutes to drop drone-delivered packages. The e-commerce giant has been granted a patent titled, "Maneuvering a package following in-flight release from an unmanned aerial vehicle". U.S. food maker Kraft Heinz Co. (KHC) Friday confirmed that it has made a comprehensive proposal to Anglo-Dutch consumer goods company Unilever Plc or Unilever NV. The cash and stock offer values $143 billion. Further, Kraft Heinz noted that Unilever has declined the proposal, however it go ahead...
comments powered by Disqus
Follow RTT