{"id":132659,"date":"2023-04-19T12:32:58","date_gmt":"2023-04-19T07:02:58","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=132659"},"modified":"2023-04-19T12:33:00","modified_gmt":"2023-04-19T07:03:00","slug":"sekhar-rao-appointed-as-interim-md-and-ceo-of-karnataka-bank-2","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/sekhar-rao-appointed-as-interim-md-and-ceo-of-karnataka-bank-2\/","title":{"rendered":"Sekhar Rao appointed as interim MD and CEO of Karnataka Bank"},"content":{"rendered":"\n

Sekhar Rao appointed as interim MD and CEO of Karnataka Bank:<\/strong> The Reserve Bank of India (RBI) has approved the nomination of Sekhar Rao, the bank’s executive director, as interim managing director and chief executive officer, according to Karnataka Bank, a private lender based in Mangaluru. 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 required since the term of Mahabaleshwara M S, the bank’s managing director and chief executive officer, expires on April 14, 2023.<\/p>\n\n\n\n

April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n

In the financial year of 2023-24, which coincides with its centenary year, the bank has set a target of achieving a growth of 17.69% in order to reach a total business turnover of Rs 1,75,000 crore. According to preliminary estimates, the bank’s business turnover was Rs 1,48,694 crore, with a 7.63% growth rate. This figure is comprised of deposits amounting to Rs 87,362 crore and advances amounting to Rs 61,326 crore.<\/p>\n\n\n\n

Important takeaways for all competitive exams:<\/strong><\/p>\n\n\n\n

    Karnataka Bank Founded: 18 February 1924;<\/p>\n\n\n\n

    Karnataka Bank CEO: Mahabaleshwara M. S (15 Apr 2017\u2013);<\/p>\n\n\n\n

    Karnataka Bank Headquarters: Mangaluru<\/p>\n","protected":false},"excerpt":{"rendered":"

Sekhar Rao appointed as interim MD and CEO of Karnataka Bank: The Reserve Bank of India (RBI) has approved the nomination of Sekhar Rao, the bank’s executive director, as interim managing director and chief executive officer, according to Karnataka Bank, a private lender based in Mangaluru. The duration of the appointment is for three months, […]<\/p>\n","protected":false},"author":894,"featured_media":132660,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5010],"tags":[4933,74],"class_list":["post-132659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2023","tag-appointments-current-affairs","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=132659"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132659\/revisions"}],"predecessor-version":[{"id":132661,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132659\/revisions\/132661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/132660"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=132659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=132659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=132659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}