Mangaluru: Private Sector lender Karnataka Bank Ltd. has appointed Sekhar Rao as an Additional Director to take up the role of Executive Director of the Bank for a period of three years effective from the date of taking charge, subject to the approval of the shareholders.
Sekhar Rao has 29+ years of overall work experience across various sectors such as Banking, Information Technology, Payment and Settlement Products, Business Management, Strategy and Operations, of which 19 years in the BFSI sector. He also has an experience of 10+ years in CXO roles reporting to MD and CEO, and Board Committees.
His areas of experience include setting up and managing centralized operation units and technology teams, consulting for projects in business strategy and banking operation, managing the digital/alternate channels of Banks, setting up of new business verticals, distribution channels, branch network expansion, managing a large network of Branches and Business Units and setting up and scaling a Fintech start-up.
Prior to joining our Bank, he has been associated with a fintech – Savvy India as a co-founder and a director since April 2020. He was also associated with CSB bank Ltd as the Head of Operations and IT for about six years. Earlier, he has worked with RBL Bank Ltd, ING Vysya Bank Ltd, ICICI Bank Ltd., Asian Paints (P) Ltd, and Goodlass Nerolac Paints Ltd, (now Kansai Nerolac Paints Ltd) in various capacities.
On the occasion, Mahabaleshwara MS, Managing Director and CEO said: “We welcome Sekhar Rao on our Board. He brings with him rich experience from multiple sectors such as Banking, Information Technology, strategy, operations and also fintech. We look forward to working closely with him and we wish him good luck in his new assignment.”