Media Release

Mangaluru, May 26: Leading south Indian private bank - Karnataka Bank announced the appointment of Srikrishnan Harihara Sarma as the new managing director and CEO of the Bank. The appointment is effective from the date of his assuming charge and will last for a period of three years. The appointment is subject to approval by shareholders at the ensuing Annual General Meeting or within a period of three months from the date of assuming charge, whichever is earlier, as per SEBI (LODR) Regulations, 2015. Karnataka Bank is confident that Srikrishnan’s expertise and leadership will drive the bank towards continued growth and success.

Srikrishnan brings with him nearly four decades of experience in Commercial, Retail & Transactional Banking, Technology and Payments. He has previously held key positions at HDFC Bank Limited, Yes Bank Limited and Jio Payments Bank Limited. At HDFC Bank Limited, he was part of the founding management team and was involved in setting up the bank’s Corporate and Retail Banking, Treasury and Capital Markets Infrastructure business. At Yes Bank Limited, he was instrumental in setting up the Commercial Banking infrastructure. At Jio Payments Bank Limited, he served as MD and CEO and was responsible for the application and coordination for approval of license with the RBI.

Interim managing director, Sekhar Rao said, “We are happy to welcome Srikrishnan to Karnataka Bank. His wealth of experience and expertise will be invaluable in driving our continued growth and success. We look forward to working with him in delivering value to our customers and shareholders.”

Srikrishnan said, “I am proud to join Karnataka Bank as managing director and CEO. With over a century of trust and goodwill built by the Bank, I look forward to working with all the stakeholders to further build and grow on that strong foundation.”