Karnataka Bank re-appoints Jayarama Bhat as MD and CEO

[email protected] (CD Network)
July 12, 2012

JayaramBhat


Mangalore, July 12: P Jayaram Bhat has been re-appointed as the Managing Director and CEO of Karnataka Bank for another three years.

The RBI has conveyed its approval for re-appointment of P Jayarama Bhat as the Managing Director and CEO of the Bank for further period of three years with effect from July 14, 2012, as proposed by Bank's Board of Directors.

Under his dynamic leadership, over the last three years, the bank registered an all round progress. There was significant increase in bank's business to reach a new high of Rs 54,488 crore as on June 30, 2012 from Rs 32,004 crore as on June 30, 2009.

The capital fund of the Bank has touched Rs 2,600 crore mark at the end of March 2012 and the Capital Adequacy Ratio stood at 12.84 per cent.

The number of branches of the Bank rose to 504 from 447 three years back. Number of ATMs has shown a more than 100 per cent growth from 177 ATMs in 2009 to 382 as of now.

More number of ATMs are being opened to increase convenience to all the customers across India. Customer base of the Bank has surpassed 60 lakhs. While continuing its consistent dividend payment tradition, the Bank has proposed a dividend of 35 per cent for the year 2011-12.

Bhat is also a Member of Managing Committee of Indian Banks Association (IBA) and the Honorary President of the Banker's Club, Mangalore. He is also Chairman of Private Sector Banks Association.

During these years, Karnataka Bank has earned Best Bank Award by IDBRT for 'Managing IT Risk' under Small Bank Category.

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News Network
May 29,2020

Bengaluru, May 29: Karnataka reported 248 new cases of coronavirus on Friday, and with that, the state tally surged to 2,781. 

A 50-year-old woman, resident of Chikkaballapura district, succumbed to the infection on Friday. She was admitted to a private hospital on May 24 following acute kidney injury and pneumonia. As her condition deterorted, she was shifted to a designated hospital in Bengaluru Urban on May 28, where she tested COVID-19 positive.

Out of the 248 cases, only 16 persons have contracted the virus inside the state. The remaining are the people who have returned from Maharashtra, Delhi, Andhra Pradesh, Tamil Nadu and Ireland.

The maximum number of people, who tested positive for COVID-19, have returned from Maharashtra. Most of these people are residents of Udupi, Kalaburagi, Yadagiri and Raichuru.

Besides, five people have a travel history to Delhi, while one person each has tested positive on returning from Andhra Pradesh, Tamil Nadu, Rajasthan and Ireland.

Fifteen people have tested positive within the state and have been infected by persons who had previously tested positive or have a history of Influenza-like Illness and Severe Acute Respiratory Illness.

Out of all the cases, 10 have been reported in Bengaluru Urban while one has come up in Bengaluru Rural.

Meanwhile, on Thursday, the Karnataka government asked the Civil Aviation Ministry to reduce the number of flights coming in the state from the five worst-hit states -- Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh and Rajasthan.

"Karnataka has appealed to the Civil Aviation Ministry to take steps to lessen the air traffic to the state, with the sacred intention that there may not be adequate quarantine facilities if there is a huge turnout in a short span of time," state Law and Parliamentary Affairs Minister J.C. Madhuswamy explained.

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News Network
May 18,2020

Bengaluru, May 18: Karnataka education minister S Suresh Kumar on Monday announced the SSLC examination dates. Earlier, Karnataka SSLC examinations were to be held between March 27 and April 9, 2020, but had to be postponed due to the outbreak of Covid-19 pandemic and the subsequent lockdown.

The minister announced that Karnataka Secondary Education Examination Board (KSEEB) will conduct SSLC examination between June 25 to July 4 and the PUC exam for English paper will be held on June, 18, 2020.

"Examinations for Secondary School Leaving Certificate (SSLC) will be conducted between June 25 and July 4 in Karnataka. Exams for English paper of Pre-University Course (PUC) will he held on June 18: Karnataka Education Minister S Suresh Kumar," ANI tweeted.

The minister for primary and secondary education had held a meeting with the department officials to discuss the feasibility of conducting the exam.

Modalities of conducting the examination in the current situation of the COVID 19 pandemic while taking care of interests of students is of paramount importance, S Suresh Kumar said adding these issues have been kept in mind while finalising the schedule.

With inter-state and inter-district mobility a major issue with public transport not available and also due to 14-day institutional quarantine norms, the minister had told TOI that an idea has been introduced to allow students appear for the examination in the district where they presently are than at their designated examination centre.

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News Network
May 30,2020

Mangalore, May 30: The first chartered flight to the city of Mangalore, Karnataka in South India is scheduled to depart from the Ras Al Khaimah airport of UAE on June 1.

The SpiceJet flight, chartered by Praveen Shetty, chairman of the Fortune Group of Hotels and president of the Karnataka non-Resident Indian Forum (KNRI), will repatriate 105 staff members of the hotel group, who have been placed on leave, according to a statement issued here on Saturday.

Consul General of India to Dubai Vipul confirmed the reports and said the flight, which will depart at 0945 hrs, will carry home a total of 180 passengers.

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