Karnataka Bank Ltd, a public sector lender, has announced changes in its senior management. Mr. Ramesh Bhat, General Manager and Head of Credit Monitoring Department, has retired from the bank after attaining superannuation, effective March 31, 2025. As a result, Mr. Nagaraja Upadhyaya B, General Manager, will assume charge as Head of the Credit Monitoring Department on April 1, 2025.
Mr. Upadhyaya B, who joined the bank in 1996 as a clerk, has held various positions, including Branch Head, Regional Head of the Hyderabad and Tumakuru Regions, and Head of the Credit Marketing Department at Mangalore. Currently, he is working as the General Manager and is in charge of the Bengaluru Region. With his new appointment, he will also be a Senior Management Personnel of the Bank.
With Mr. Bhat’s retirement, he ceased to be a Senior Management Personnel of the Bank. The changes are aimed at ensuring a smooth transition and maintaining the bank’s operational efficiency. The new appointment demonstrates the bank’s commitment to promoting from within and developing its talent pool. The development is significant, and it will be interesting to see how the new leadership shapes the bank’s future initiatives and strategies.