Karnataka Bank has appointed Raghavendra S Bhat as the new Managing Director & CEO of the bank. The Mangalore-based bank, in an exchange filing, said that Bhat has been appointed as the head of the bank for a period of one year, effective November 16, 2025.This comes after the company appointed Bhat for an interim period of three months on July 16, 2025.Bhat is a veteran of the bank; he is going to head it for the next 12 months, as he has held various key positions at the bank, including Chief Operating Officer (COO), for four decades.
The bank further added that Bhat, with extensive expertise across various domains, has had a professional journey that encompasses Banking, Finance and also agriculture, as his roots are deeply tied to an agriculturist family background.Bhat arrived at the top job at the bank following the resignations of Srikrishnan Hari Hara Sarma, the former MD and CEO, and Executive Director Sekhar Rao earlier this year.
Q2 Results and Stocks The bank reported its results for Q2FY26 last week, in which it reported a 5.06% year-on-year decline in net profit. The bottom line figure slumped to ₹319.22 crore for the quarter ended September 2025, compared to ₹336.24 crore in Q2FY25.The Net interest income (NII) fell 12.6% YoY to ₹728.13 crore. The NII fell from the previous cycle’s ₹833.56 crore. Some relief came from other facets of business, as gross non-performing assets (NPAs) eased to 3.33%. In the previous year, this figure stood at 3.46%. In addition, net NPAs declined to 1.35% from 1.44%.A look at the bank’s performance on Dalal Street shows that the company’s shares declined by 1.42% or ₹2.50. This year so far, the company’s stock price has seen a decline of 18.15%, taking the value of each stock to ₹174.10 per share.Read Also: Karnataka Bank Q2 Results: Profit dips 5% YoY; asset quality improves sequentiallyFirst Published: Nov 15, 2025 8:05 PM IST
