RBI approves one-month extension for Karnataka Bank MD & CEO

The Reserve Bank of India (RBI) has granted an extension of tenure for Raghavendra Srinivas Bhat as the managing director and chief executive of Karnataka Bank. This extension is for a period of one month, effective October 16, 2025, or until a regular managing director and chief executive is appointed, whichever occurs first.

This decision was communicated by the bank's secretarial department to the National Stock Exchange of India Limited and BSE Limited on October 4, 2025. The intimation follows earlier communications dated July 14, 2025, and September 23, 2025.

The extension is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and ensures continuity in the bank's top management as it prepares for a permanent appointment.