Karnataka Bank appoints Dr. D S Ravindran as Additional Director

Leading Private Sector lender Karnataka Bank Ltd. has appointed Dr. D S Ravindran as Additional Director (Non-Executive, Independent) at its Board Meeting held on March 24, 2021 and the appointment will be effective from April 1, 2021.

Dr D S Ravindran (PhD), aged 61 years, is a Retd. IFS officer (Indian Forest Service 1986 Batch) and the former Principal Secretary to the Government of Kamataka (Khajane - 2 Finance Department) with over 34 years of experience in the areas of administration, civil service, research, financial planning, Information Technology, Public Policy Planning & Implementation Process, Renewable Energy etc. He is a Post Graduate in Agriculture and has pursued a programme in Public Policy & Management at IIM-B. He also holds PhD in Forest Economics (from University of Wales, U.K.)

During his tenure as Principal Secretary to Government of Karnataka (Khajane - 2 Finance Department) he has implemented unified Integrated Financial Management System for the Government of Karnataka besides modernizing the State Treasuries System. Earlier, as the Chief Executive Officer of Centre for e-Govemance, Govt of Karnataka he has implemented more than 20 key e-governance projects like 'Bangalore-One' and 'Karnataka-One' Citizen Delivery Centres, e-Procurement and HRMS Enterprise Applications. "The Karnataka Resident Data Hub" created by him to facilitate better delivery of services by the Government was adopted by the UIDAI for national level scaling.

Dr. Ravindran has been conferred with various awards, notably, the National Award for best e-Governance Project fore-Procurement Project, Karnataka(2012), National Web Ratna Award (Silver) for the Best Portal for citizen services delivery for Bangalore One(2011) both from Government of India, Future E-Gov Award at International Conference at Kuala Lumpur for the e-Procurement Project (2011), Recipient of the Most Innovative Document Management System, from Unique Identification Authority of India(2011) and CSI-Nihilent award for the HRMS Project of Government of Karnataka (2010).

On the occasion, Mr. Mahabaleshwara MS, Managing Director & CEO said: "We welcome Dr. D S Ravindran on our Board. He brings with him rich experience in Agriculture & Rural Economy, Economics, Finance, IT, Business Management, Human Resource Management besides Public Policy, Govt. Financial Systems, Renewable Energy etc. The Bank is optimistic that he will bring value addition with respect to the decisions taken by the Bank by way of valuable inputs and guidance."

Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.62.2 as compared to the previous close of Rs. 64.8. The total number of shares traded during the day was 104874 in over 569 trades.

The stock hit an intraday high of Rs. 65 and intraday low of 61.85. The net turnover during the day was Rs. 6570406.

Source : Equity Bulls

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