Karnataka Bank, a prominent Indian banking institution, has announced the appointment of Srikrishnan Harihara Sarma as its new Managing Director and Chief Executive Officer (CEO). With extensive experience spanning nearly four decades in commercial, retail, and transactional banking, technology, and payments, Sarma brings a wealth of expertise to his new role. The appointment is subject to the approval of shareholders at the ensuing Annual General Meeting or within a period of three months from the date of assuming charge, whichever is earlier.
A Leader for Continued Growth and Success:
In a regulatory filing, Karnataka Bank expressed confidence in Sarma’s leadership abilities, stating that his appointment would drive the bank towards continued growth and success. The tenure of his role as MD & CEO will last for three years, effective from the date of assuming charge.
Vast Experience and Accomplishments:
Srikrishnan Harihara Sarma has an impressive professional background, having worked in various domains within the banking sector. He was a part of the founding management team at HDFC Bank Limited, where he served for over nine years. As the country head for Transactional Banking and Operations, Sarma played a pivotal role in establishing the bank’s corporate and retail banking, treasury, and capital markets infrastructure business.
Following his tenure at HDFC Bank, Sarma joined Yes Bank and later took on the role of MD and CEO at Jio Payments Bank. At Jio Payments Bank, he was responsible for key activities such as the application and coordination for approval of the license with the Reserve Bank of India (RBI), company incorporation, board formation, strategic direction, and the successful commencement of operations in 2018.
Embracing a Legacy of Trust and Goodwill:
Expressing his enthusiasm about his new role, Sarma stated, “I am proud to join Karnataka Bank as Managing Director & CEO. With over a century of trust and goodwill built by the Bank, I look forward to working with all the stakeholders to further build and grow on that strong foundation.” His appointment adds to the strength of the bank’s board, which will now have a total of 11 directors.
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