Mahabaleshwara M S is new MD & CEO of Karnataka Bank

Mahabaleshwara M S, presently the Chief General Manager of Karnataka Bank, has been appointed as Managing Director and Chief Executive Officer (MD & CEO) of the bank.

The Board of Directors of the bank, who met on Thursday at the bank's head office at Mangaluru, Karnataka, have appointed Mahabaleshwara M S as MD & CEO of the bank for a period of three years from the date of assuming charge, as per the approval received from Reserve Bank of India, which is in accordance with board's earlier recommendation. He is succeeding P Jayarama Bhat, who has since assumed charge as Part-time, Non-executive Chairman of the bank.

Mahabaleshwara M S, has been 'Karnataka Bank man' for the last 32 years and has rich banking experience both at operational and administrative levels. He has done his Masters in Agricultural Sciences (MSc Agri), with specialisation in Agronomy, from the University of Agricultural Sciences, Bangalore and he is also a Certified Associate of the Indian Institute of Bankers (CAIIB) and has also done Post Graduate Diploma in Business Management (PGDBM) from St. Aloysius College, Mangalore.

He started his career as Researcher & Teacher at University of Agricultural Sciences, Bangalore and later on joined Karnataka Bank as probationary Agricultural Field Officer in 1984.