Private sector lender Karnataka Bank has announced the appointment of Srikrishnan Hari Hara Sarma as Managing Director and Chief Executive Officer of the company, with effect from May 26, 2023.
According to the company’s exchange filing, “we are pleased to inform you that pursuant to the approval received from the Reserve Bank of India, the Board of Directors at its meeting held today has appointed Mr. Srikrishnan Hari Hara Sarma as an Additional Director to take up the role of Managing Director & CEO of the Bank u/s 35B of Banking Regulation Act, 1949, read with Section 196 of the Companies Act, 2013 for a period of three years effective from the date of his assuming charge.”
Srikrishnan Hari Hara Sarma has nearly four decades of experience spread across Commercial, Retail & Transactional Banking, Technology and Payments. At HDFC Bank Limited, he was part of the founding management team, for over 9 years, and as the Country Head – Transactional Banking and Operations, was involved in setting up the Bank’s Corporate and Retail Banking, Treasury and Capital Markets Infrastructure business. Launched Commercial Vehicles and Construction Equipment’s (CV/CE) lending, Channel Financing, Capital Markets Margin lending and mid-Corporate lending business.
At Yes Bank Limited, as Executive Director and member of the Board, was instrumental in setting up the Commercial Banking infrastructure covering Operations, Technology, Retail, Transaction Banking , Payments, Trade Finance, Loan servicing and Treasury Operation.
At Jio Payments Bank Limited, as MD & CEO, he was responsible for application and coordination for approval of license with the RBI, incorporation of the company, formation of the Board, strategic direction, and commencement of operations in 2018.
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