Pradeep Kumar succeeds Jayarama Bhat as new chairman of Karnataka Financial institution

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P. Pradeep Kumar assumed cost because the chairman of Karnataka Financial institution on Monday at Bengaluru for a interval of three years from November 14, 2021, succeeding P. Jayarama Bhat.

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Assuming the cost because the part-time non-executive chairman, Mr. Kumar mentioned, “I’m privileged to imagine the submit of chairman of Karnataka Financial institution, a legacy establishment of getting greater than 97 years of profitable banking historical past. I search the whole-hearted assist of all of the employees members in taking the financial institution to nonetheless better heights as we method the centenary yr of the financial institution”.

Welcoming the brand new chairman, Managing Director and CEO M.S. Mahabaleshwara mentioned, “A seasoned banker with practically 4 a long time of banking expertise on the largest financial institution of the nation, SBI, I’m positive Karnataka Financial institution will script a brand new chapter in its progress journey beneath the steering of Mr. Kumar and set new requirements in company governance within the days to return”.

Mr. Kumar, who retired because the Managing Director and Group Government (Company Banking) of State Financial institution of India, was an unbiased director on the board of Karnataka Financial institution up to now.

Born on October 2, 1955, he has a Grasp’s diploma in Statistics from Madras College. Becoming a member of SBI as a probationary officer in 1976, Mr. Kumar was the Managing Director of State Financial institution of Travancore throughout 2010-11.

Karnataka Financial institution on Monday launched CASA (present accounts and financial savings accounts) marketing campaign of FY 2021-22 and launched a brand new present account scheme ‘KBL Present Account – Premium’, particularly designed to satisfy the wants of small and medium entrepreneurs.

With this marketing campaign, the financial institution goals to introduce engaging and superior line of digitally powered financial savings account merchandise to its potential clients.

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