Stay updated with the latest karnataka-bank news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on karnataka-bank topics.
Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend. The Chennai-headquartered Indian Bank said that its advances grew largely on account of lending to retail, agriculture and micro smal ...Read More >
New Delhi, Jul 14 (PTI) Private sector lender Karnataka Bank on Monday said it has appointed Raghavendra Srinivas Bhat as its interim managing director (MD) and CEO for three months. The appointment is effective from July 16, 2025 for a period of three months or till the appointment of a regular MD and CEO whichever is earlier, Karnataka Bank said in a stock exchange filing. This comes after Srikrishnan Hari Hara Sarma resigned as MD and CEO on June 29 citing personal reasons including his dec ...Read More >
Mangaluru: In a significant reshuffle at the top, Karnataka Bank's Managing Director and CEO, Srikrishnan Hari Hara Sarma, has tendered his resignation, which will come into effect on July 15. Sarma cited personal reasons, including his decision to return to Mumbai, as the basis for his departure. Adding to the leadership shake-up, Executive Director Sekhar Rao has also stepped down, citing the inability to relocate to Mangaluru and other personal constraints. His exit will be effective from Ju ...Read More >
Stocktwits - Indian equity markets took a breather, snapping a four-day winning streak, with the Nifty index ending above the 25,500 level. The Sensex fell 452 points to close at 83,606, while the Nifty 50 fell 120 points to finish at 25,517. Broader markets outperformed with the Nifty Midcap index gaining for the seventh straight session. The Midcap and Smallcap indices rose by over 0.5%. The retail investor sentiment surrounding the Nifty 50 remained 'bullish' on Stocktwits. Nifty sentimen ...Read More >
New Delhi, Jun 30 (PTI) Shares of Karnataka Bank on Monday fell by nearly 6 per cent after the private sector lender said its Managing Director & CEO Srikrishnan Hari Hara Sarma has resigned. The company's stock dropped 5.75 per cent to end at Rs 195.75 apiece on the BSE. Intra-day, it tumbled 8.49 per cent to Rs 190.05. Also Read | Gold Rate Today, June 30, 2025: As Gold Price Continues To Decline, Check Prices of Yellow Metal in Mumbai, Delhi, Bengaluru, Chennai and Other Metro Cities. On t ...Read More >
New Delhi, Jun 30 (PTI) Shares of Karnataka Bank on Monday fell by nearly 6 per cent after the private sector lender said its Managing Director & CEO Srikrishnan Hari Hara Sarma has resigned. The company's stock dropped 5.75 per cent to end at Rs 195.75 apiece on the BSE. Intra-day, it tumbled 8.49 per cent to Rs 190.05. On the NSE, it declined 5.65 per cent to settle at Rs 195.90 per share. Besides, executive director Sekhar Rao has quit citing his inability to relocate to Mangaluru and othe ...Read More >
Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged Rs 1.53 crore in expenses needing ratification, raising corporate governance questions.Karnataka Bank managing director Srikrishnan Hari Hara Sarma and executive director Sekhar Rao have stepped down ...Read More >
Kakinada: In a major breakthrough, the Kakinada district police have unearthed a large-scale cybercrime racket involving the use of mule bank accounts to siphon off crores of rupees. According to Kakinada district Superintendent of Police (SP) Bindu Madhav, the gang carried out fraudulent transactions amounting to ₹8.80 crore using 48 such accounts, with operations stretching from Kakinada to Bengaluru and Dubai. The key accused, Putta Ram, originally from Samarlakota in Kakinada district, had ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.