Karnataka Bank, a private lender based in Mangaluru, announced that the Reserve Bank of India (RBI) has granted approval for the appointment of Sekhar Rao, the bank’s executive director, as the interim managing director and chief executive officer. The duration of the appointment is for three months, starting from April 15, 2023, or until the appointment of a regular managing director and chief executive officer, whichever comes first, as stated in a filing with the stock exchange. This appointment is necessary due to the conclusion of the term of office of Mahabaleshwara M S, the bank’s managing director and chief executive officer, on April 14, 2023. Buy Prime Test Series for all…
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Source: https://currentaffairs.adda247.com/sekhar-rao-appointed-as-interim-md-and-ceo-of-karnataka-bank/amp/