Udupi, Sep 17, 2017: Ananthakrishna, former Chairman of Karnataka Bank Ltd., has been selected for K.K. Pai National Banking Award for 2017-18. The selection committee of the Trust had unanimously recommended the name of Mr. Ananthakrishna, said a release issued by K.K. Ammannaya, trustee and secretary of K.K. Pai Trust here on Saturday, Sept 17.
Ananthakrishna was the Chairman and Chief Executive Officer of the Karnataka Bank Limited from 2000 till 2009 and thereafter is continuing as the Non-Executive Chairman of the Bank. Karnataka Bank has witnessed an all-round progress under the stewardship of Ananthakrishna.He was retired from the bank after for more than 45 years service in October 2016.
Born in 1946, he hails from Bantwal in Dakshina Kannada District. He had his initial education at S. V. S. High School, Bantwal. After graduating in Science from St. Aloysius College in Mangalore he did his post-graduation in Mathematics at Mysore University. He began his illustrious career as a teacher in Deepika High School,Modankaup in Bantwal Taluk. Later he served as a Lecturer at Manipal Institute of Technology. He moved over to Hindustan Aeronautics Limited (HAL), Bangalore as Junior Programmer before joining
Karnataka Bank Ltd as an Officer in 1971. At the Bank he has worked in different capacities both at the Operational Level and in Key Management positions in various functional areas like Treasury and Accounts, Corporate Taxation, Information Technology
and Credit Administration. Excellent performance in different capacities resulted in his being promoted as General Manager of the Bank in 1994 and later as Chief General Manager in 1998. He was appointed as Chairman & CEO of the Bank in July 2000. Under
his able stewardship the Bank has made rapid progress in all the parameters. He has been instrumental in steering the Bank to pivotal position by adapting to the winds of change. The Bank has been able to grow and establish Pan –India presence. During his
period the business of the Bank witnessed four fold growth and the profits increased six fold and the only Bonus issue of shares of the Bank was given to the shareholders in 2002-03. During his tenure as the Chairman & CEO the market cap of the Bank increased from Rs. 80.00 crore to Rs. 2400 crore. Because of his farsightedness, Karnataka Bank was the First Indian Bank to implement Core Banking Solution for its operations and the Bank had achieved 100% connectivity between the Branches/ Offices long ago.
He was the Honorary Secretary of Indian Banks’ Association and the President of the Bankers’ Club, Mangalore.
Widely travelled in India and abroad he is the recipient of various awards such as PR Person of the year –2002 awarded by Public Relations Society of India (PRSI), Mangalore – Manipal Chapter, Outstanding Manager-2004 by Mangalore Management Association, New Year Award 2008 constituted jointly by Academy of General Education, Rotary Club Udupi-Manipal and Syndicate Bank. He was also conferred Rotary ‘4-Way Test’ Award for exemplary ethics in Business and vocation.