Daijiworld Media Network – Mangaluru
Mangaluru, July 16: Raghavendra S Bhat formally took charge on Tuesday as the interim managing director and chief executive officer of Karnataka Bank, marking a homecoming to the institution where he began his career over four decades ago.
Speaking on the occasion, Bhat expressed deep pride in returning to the Bank, describing the appointment as a moment of both personal and professional significance.
He recalled joining Karnataka Bank as a clerk in 1981, rising through the ranks over 38 years, and eventually retiring as chief general manager and the bank's chief operating officer in 2019. "It is with immense pleasure and a deep sense of commitment that I rejoin Karnataka Bank today," he said, noting that the Bank held a "special place" in his professional journey.
Founded in Mangaluru more than 101 years ago, Karnataka Bank has a legacy rooted in supporting agriculture, MSMEs, and underserved sectors. Bhat highlighted the Bank's rich heritage and noted that it is popularly known as “K S N Adiga’s Bank”, referencing the former chairman under whose leadership the Bank achieved significant growth and established a strong value-driven culture.
He commended the Bank's consistent performance, emphasising its uninterrupted record of net profit declarations since inception, as well as its long-standing tradition of issuing dividends—an achievement he described as "unique in the industry."
Looking ahead, Bhat appealed for the collective support of the Bank’s stakeholders in advancing its growth trajectory.“I earnestly request the wholehearted support and cooperation of all our employees and esteemed customers, who are the backbone of Karnataka Bank’s success,” he said. “Together, we can strengthen and accelerate the Bank’s journey and take it to even greater heights,” he added.
Bhat also expressed gratitude to the Board of Directors for reposing their trust in him and recommending his name to the Reserve Bank of India (RBI). He thanked the RBI for considering the recommendation and entrusting him with the leadership role.
He further acknowledged the role of the media in supporting Karnataka Bank’s journey over the years.“The media has played a constructive role in the growth of this organisation, and I place on record my appreciation for its continued support,” he said.