Union Bank of India announced the appointment of Rajneesh Karnatak as the Executive Director of the bank, effective Oct 21, 2021.
According to the bank’s exchange filing, “we wish to inform you that the Central Government vide notification no. eF.No. 4/2/2021-B0.l dated October 24, 2021 has appointed Shri Rajneesh Karnatak, Chief General Manager, Punjab National Bank as the Executive Director of the Bank for a period of three years with effect from the date of assumption of office i.e. October 21, 2021 or until further orders, whichever is earlier.”
Rajneesh Karnatak was a Chief General Manager of Punjab National Bank posted at Corporate Office. He is a Post Graduate in Commerce (M.Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB).
Karnatak has a rich banking experience of over 27 years and carries varied branch and Administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit.
Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank. Karnatak has attended various training and Leadership Development Programs from IIM-Kozikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi & llBF (Indian Institute of Banking & Finance). He was a part of 1st batch of Senior Officers selected by Banks Board Bureau for Leadership Development Program of IIM Bangalore & Egon Zehnder. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/special emphasis on Credit Risk.
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