Raghavendra S Bhat takes charge as MD & CEO of Karnataka Bank; vows to strengthen legacy and growth

Mangalore Today News Network

Mangaluru, Juluy 16, 2025: “It gives me immense joy and pride to take charge today as the Managing Director and Chief Executive Officer (MD & CEO) of the prestigious Karnataka Bank. I began my career in this very institution as a clerk in 1981 and over the course of 38 years, I have had the privilege of shouldering various responsibilities, eventually serving as Chief General Manager. Now, being given the opportunity to serve again as the MD & CEO marks a special milestone in my professional journey.

Karnataka Bank, established in Mangaluru in 1924, has a rich legacy spanning 101 years. Founded with the noble vision of supporting agriculture, MSMEs, and other priority sectors, the Bank has upheld this social commitment throughout its journey. It is worth recalling the dynamic leadership of K.S.N. Adiga, under whose stewardship the Bank earned the endearing title of ‘Adiga’s Bank’ among the public due to his commitment, integrity, and social orientation.

The love and dedication of every employee towards the Bank have helped Karnataka Bank sustain a successful legacy over a century. This is a testament to its value-based growth. Today, the Bank continues on a strong growth trajectory. From its humble beginnings in Mangaluru, Karnataka Bank has grown to become a prominent scheduled commercial bank with a national presence.

One of the most noteworthy aspects of Karnataka Bank is its unbroken track record of profitability since its inception in 1924. The Bank has consistently distributed dividends to its shareholders every year — a distinction enjoyed by only a select few institutions in the country, and we take immense pride in being one of them.

To be able to serve this great institution once again is a matter of great honor for me. As I take on this new responsibility, I sincerely seek the support and cooperation of all my colleagues to further strengthen Karnataka Bank’s growth journey. It is my heartfelt desire that we all work together to carry forward the glorious legacy of the Bank and elevate it to even greater heights.

I also extend my heartfelt thanks to the Board of Directors for entrusting me with this opportunity and for their continued support. I firmly believe that our esteemed customers, depositors, and shareholders will continue to stand by the Bank as we move forward to scale new heights.

With the committed efforts of our skilled and smiling employees, and the effective use of customer-friendly technology, Karnataka Bank remains strong and steadfast in its dedication to customer service.

Lastly, I would like to acknowledge the vital and commendable role the media plays in societal development. I sincerely appreciate the media’s dedication and commitment and express my gratitude for the unwavering support extended to Karnataka Bank over the years. I look forward to continuing this warm and trusting relationship with the media in the future as well.”