Karnataka Bank former chairman MS Krishna Bhat passes away

The former Chairman of Karnataka Bank Mr. M.S. Krishna Bhat has passed away in Mangaluru. He was 78 years old. He had joined the bank in 1970 and was elevated to the position of General Manager in 1989. He became the Chief General Manager of the bank in 1994 and took over as Chairman on July 12, 1995, for a period of two years, which was extended for another three years up to July 2000.

He was known for his straightforwardness, foresight, and quick decision-taking capacity. Computerisation of the operations of the bank was initiated during his tenure as Chairman of the bank. At that time, paid capital and owned funds of the Bank increased multifold. The total business also more than tripled, registering a growth rate much higher than the industry growth rate. 

So let’s discuss some questions related to this post :
1. Name the Karnataka Bank chairman who has passed away recently?
2. Where is the headquarter of the Karnataka Bank?

Courtesy: The Hindu Business Line

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