Karnataka Bank’s chief assures stability, growth | Mangaluru News
Mangaluru: Raghavendra S Bhat took charge as the new MD & CEO of Karnataka Bank at its corporate headquarters in Mangaluru on Wednesday. Addressing recent concerns, Bhat assured customers that the bank remains fundamentally strong. He told reporters, “Karnataka Bank has consistently maintained profitability and declared dividends since its inception, which is unique in the Indian banking sector.”Outlining his vision, Bhat said his immediate goal is to increase the bank’s business turnover from Rs 1.8 lakh crore to Rs 2 lakh crore. “I am committed to taking every necessary step in the best interest of the bank and its stakeholders,” he said.Dismissing speculation, Bhat firmly ruled out any plans to shift the bank’s headquarters from Mangaluru or to change its name. “We are proud of our strong regional roots and legacy,” he affirmed.With a career at Karnataka Bank spanning nearly four decades, Bhat began as a clerk in 1981 and rose through the ranks to become chief general manager and chief operating officer before retiring in 2019. “It is a matter of great pride and joy to return to the institution that shaped my professional journey. However, the post comes with a lot of responsibility,” he said.Bhat called for collective support from employees and customers and assured that the vision of supporting agriculture, MSMEs and other sectors will continue.
