News for The Karnataka Bank Limited (KTKBANK.NS)

Raghavendra S Bhat takes charge as MD and CEO of Karnataka Bank, assures strong fundamentals and ample capital.

Karnataka Bank has named its COO, Raghavendra Srinivas Bhat, as the MD & CEO for a three-month interim period starting July 16, 2025, while the search for a permanent leader continues. This appointment follows the departure of Srikrishnan Hari Hara Sarma and Sekhar Rao due to disagreements with the board.

Karnataka Bank has named Raghavendra Srinivas Bhat as the interim Managing Director and CEO. This follows the resignation of Srikrishnan Hari Hara Sarma, who stepped down citing personal reasons. Bhat, previously the Chief Operating Officer, will hold the position for three months. Sarma's departure had earlier impacted the bank's stock performance.

Karnataka Bank appoints Raghavendra Srinivas Bhat as Managing Director and CEO, highlighting his 38-year career and leadership qualities.

RBI accepts ₹1.51 lakh crore in bids for 7-day VRRR auction, short of the notified ₹2.5 lakh crore.

Karnataka Bank ensures leadership continuity with interim MD appointment, COO appointment, and search committee formation for permanent MD and ED.

Investors should analyze sudden CXO exits for red flags, succession plans, and company direction changes for investment decisions.

Emkay Global Financial Services Ltd has downgraded Karnataka Bank’s rating from ‘Buy’ to ‘Add’, and reduced its target price by 15 per cent to ₹220.

Benchmark indices open positively, with Sensex and Nifty up, despite US-India trade concerns, awaiting US NFP data.

Karnataka Bank assures stakeholders of transparency and strong financial position, announces resignation of Managing Director and Executive Director.

Reliance Power share price: Reliance Power surged 2% to Rs 70.50 on Monday, extending its 5-day rally to 13%, driven by strong volumes and global expansion news. The company is bidding for gas-based projects in Kuwait, UAE, and Malaysia, and has secured two large renewable projects in Bhutan, marking a strategic shift toward overseas growth and asset monetisation.

Other stocks in action include: Alembic Pharma, J B Chemicals, Karnataka Bank, Waaree Energies, Jio Financial and more

In the Nifty pack, 21 stocks were trading in the green, while 29 stocks were trading in the red.

Indian benchmark equity indices closed with gains on Friday, led by share prices of Jio Financial Service Ltd. and Asian Paints Ltd. The NSE Nifty 50 ended 88.80 points, or 0.35% higher at 25,637.80, while the BSE Sensex closed 303.03 points, or 0.36% up at 84,058.90. During the day, Nifty rose 0.41% to trade at 25,654.20 and the Sensex advanced 0.40% to 84,089.35.

India Business News: MUMBAI: Karnataka Bank on Saturday saw both its MD & CEO, Srikrishnan Hari Hara Sarma, and executive director, Sekhar Rao, resign, marking a major.

Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.

Karnataka Bank's MD & CEO resigns, new appointments made, financial discrepancies resolved, bank assures operational stability.

Karnataka Bank Chief Executive Officer and Managing Director Srikrishnan Sarma has likely resigned, according to people in the know. The exit follows an alleged dispute with the bank’s board on certain spends. The board had identified certain spends were made without appropriate approvals in May.

Karnataka Bank CEO resigns amid disagreements with board over unauthorized expenditures, no official confirmation yet.