<p>Mahabaleshwara M S assumed charge as managing director and chief executive officer of Karnataka Bank at its corporate office here on Saturday.<br /><br />He took the charge from P Jayarama Bhat, who has already taken charge as part-time non-executive chairman of the bank. The appointment of Mahabaleshwara is for a period of three years from the date of assuming the charge as per the approval received from the RBI, in line with the earlier recommendations of the bank’s board.<br /><br />“Having assumed the post of MD and CEO of a growing premier private sector bank, my first and foremost priority would be taking forward the initiatives started by my predecessor and mentor P Jayarama Bhat, for the all-round growth of the bank and to make Karnataka Bank a preferred bank for at least 1% of the Indians and to emerge as a well-governed financial power house. With the economy showing signs of improvement, I eagerly look forward to an exciting and eventful journey with the great company of all the stakeholders, to keep the KBL flag flying high always,” Mahabaleshwara said. <br /><br />Before taking charge, Mahabaleshwara, along with the chairman and other executives of the bank, paid floral tributes to all the founding fathers of the bank.<br /><br />Mahabaleshwara has a rich experience of over 32 years.</p>
<p>Mahabaleshwara M S assumed charge as managing director and chief executive officer of Karnataka Bank at its corporate office here on Saturday.<br /><br />He took the charge from P Jayarama Bhat, who has already taken charge as part-time non-executive chairman of the bank. The appointment of Mahabaleshwara is for a period of three years from the date of assuming the charge as per the approval received from the RBI, in line with the earlier recommendations of the bank’s board.<br /><br />“Having assumed the post of MD and CEO of a growing premier private sector bank, my first and foremost priority would be taking forward the initiatives started by my predecessor and mentor P Jayarama Bhat, for the all-round growth of the bank and to make Karnataka Bank a preferred bank for at least 1% of the Indians and to emerge as a well-governed financial power house. With the economy showing signs of improvement, I eagerly look forward to an exciting and eventful journey with the great company of all the stakeholders, to keep the KBL flag flying high always,” Mahabaleshwara said. <br /><br />Before taking charge, Mahabaleshwara, along with the chairman and other executives of the bank, paid floral tributes to all the founding fathers of the bank.<br /><br />Mahabaleshwara has a rich experience of over 32 years.</p>
