Mangaluru: Karnataka Bank welcomed a familiar face back at the helm as veteran banker Raghavendra S Bhat assumed charge as Managing Director and CEO on Tuesday. In his first address to the media held at the bank’s head office auditorium in Mangaluru, Bhat expressed pride and emotional fulfilment in returning to the institution where he began his career as a clerk in 1981.
Bhat, who served Karnataka Bank for nearly 38 years across various roles before retiring as Chief Operating Officer (COO) in 2019, said it was a “deeply meaningful homecoming.”
“Having worked across many capacities and seen this institution evolve, it is an honour to be back to serve the bank in this leadership capacity,” he said.
A legacy of trust and performance
Reflecting on the bank’s 101-year-old history, Bhat recalled its founding mission—supporting agriculture, MSMEs, and underserved sectors—and highlighted its iconic association with late K.S.N. Adiga, often referred to as the soul of Karnataka Bank.
“This bank has always stood out in the industry with its unbroken track record of net profits and consistent dividend declarations,” he remarked, underscoring its long-standing financial credibility.
Call for collective progress
Addressing the Karnataka Bank team and customers, Bhat appealed for continued cooperation and collective effort.
“With your support, we will strengthen and accelerate the growth journey of Karnataka Bank. Let’s uphold this proud legacy and take it to even greater heights,” he said.
He also extended gratitude to the Board of Directors for their trust in recommending his name to the Reserve Bank of India and thanked the RBI for approving his appointment.
Role of media and future vision
Recognising the media’s role in shaping public confidence and supporting institutions, Bhat said, “Media has played a constructive role in Karnataka Bank’s growth, and I look forward to this continued positive engagement.”
His appointment comes at a time when Karnataka Bank is navigating digital transformation, market expansion, and increased competition in the banking sector. Bhat’s return signals a leadership style rooted in institutional memory, operational experience, and a customer-first approach.
As Karnataka Bank embarks on the next phase of its growth, Bhat’s vision is expected to blend traditional values with modern strategies to uphold the bank’s position as a trusted and tech-savvy financial partner.