Ex-Jio Payments Bank chief appointed as MD & CEO of Karnataka Bank

31 May 2023 , 09:45 AM

The private sector lender Karnataka Bank, which has its head office in Mangaluru, has announced the appointment of Srikrishnan Harihara Sarma as its new MD & CEO.

He is hired as Mahabaleshwara MS’s successor. According to a bank statement, the appointment is for three years.

Sarma brings with him nearly four decades of experience in technology, payments, retail, commercial, and transactional banking. Prior to this, he held important positions at Jio Payments Bank, Yes Bank, and HDFC Bank. 

He was a member of the founding management team of HDFC Bank and helped to establish the institution’s infrastructure for corporate and retail banking, treasury, and capital markets. He played a key role in establishing the commercial banking infrastructure at Yes Bank Limited. He was in charge of the application and coordination for the RBI’s license approval while serving as MD and CEO at Jio Payments Bank, according to the statement.

Sarma said in a statement he’d be looking forward to working with all the stakeholders to further strengthen and grow on that great basis, which the bank had established over a century of trust and goodwill.

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