He succeeds Polali Jayarama Bhat, who voluntarily stepped down 15 months ahead of his three-year term as MD and CEO. Mr. P J Bhat is the new part-time non-executive chairman of a city-based private sector bank described is a well thought out succession planning. While Jayarama Bhat assumed charge on 12th April, Mahabaleshwara MS will do so on April 15.
- Mahabaleshwara Mavinakudige Subrahmanya is the new MD and CEO of Karnataka Bank Ltd
- He succeeded Polali Jayarama Bhat
- Mr. P J Bhat is the new part-time non-executive chairman of Karnataka Bank