Daijiworld Media Network - Mangaluru (SP)

Mangaluru, Oct 15: Retired executive director of the Reserve Bank of India, Uma Shankar has been appointed as additional director of the board of directors of Karnataka Bank Ltd. This appointment was approved with effect from November 1 at the board meeting of the bank organized at the head office of the bank through video conferencing facility.

Uma Shankar had served the Reserve Bank of India for 37 years in various capacities. She has appreciable experience and expertise in the fields of financial management, currency management, foreign exchange, internal auditing and administration.

Uma Shankar had joined Bank of India as direct officer after completing postgraduate degree in English literature. She is a certified associate of the Indian Institute of Bankers. In 2009, she got higher training in Columbia Business School New York. She also functioned as nominated director of the Reserve Bank of India.

Mahabaleshwar M S, Karnataka Bank managing director and chief executive officer welcomed Uma Shankar to the bank and said that with her appointment the bank has 11 directors of which eight are independent ones.