<p>Karnataka Bank on Saturday said that it has appointed Sekhar Rao as interim managing director and CEO following the completion of the term of the incumbent CEO.</p>.<p>Mahabaleshwara M S, the incumbent managing director and Chief Executive Officer (MD & CEO) of Karnataka Bank, demitted the office on April 14, after successful completion of his second term of three years, the bank said in a regulatory filing.</p>.<p>Rao, Executive Director, assumed charge as an interim MD and CEO with effect from April 15, 2023, in terms of RBI approval dated April 12, 2023, it said.</p>.<p>He has been appointed for a period of three months or till the appointment of regular MD and CEO whichever is earlier, it said.</p>
<p>Karnataka Bank on Saturday said that it has appointed Sekhar Rao as interim managing director and CEO following the completion of the term of the incumbent CEO.</p>.<p>Mahabaleshwara M S, the incumbent managing director and Chief Executive Officer (MD & CEO) of Karnataka Bank, demitted the office on April 14, after successful completion of his second term of three years, the bank said in a regulatory filing.</p>.<p>Rao, Executive Director, assumed charge as an interim MD and CEO with effect from April 15, 2023, in terms of RBI approval dated April 12, 2023, it said.</p>.<p>He has been appointed for a period of three months or till the appointment of regular MD and CEO whichever is earlier, it said.</p>