Karnataka Bank Ltd appoints Mr. Sekhar Rao as inerim MD and CEO

The Reserve Bank of India vide its letter dated 12.04.2023 has conveyed approval for appointment of Mr. Sekhar Rao, Executive Director of the Bank as interim Managing Director & CEO for a period of three months with effect from April 15, 2023 or till the appointment of a regular MD & CEO, whichever is earlier.

The above appointment is in view of the completion of the term of office of Mr. Mahabaleshwara M S, Managing Director & CEO of the Bank on April 14, 2023.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 129.25 as compared to the previous close of Rs. 129.85. The total number of shares traded during the day was 77951 in over 1506 trades.

The stock hit an intraday high of Rs. 130.95 and intraday low of 129.00. The net turnover during the day was Rs. 10137195.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 Appointment Interim MD CEO