Karnataka Bank seeks member approval for Raghavendra Srinivas Bhat's MD & CEO appointment and remuneration.
Karnataka Bank is seeking member approval via postal ballot for the appointment of Raghavendra Srinivas Bhat as MD & CEO for one year from November 16, 2025. His remuneration includes fixed pay of ₹2.25 crore and variable pay up to ₹2.25 crore, totaling ₹4.5 crore. E-voting is from December 24, 2025, to January 22, 2026.
The appointment and remuneration of a Managing Director & CEO are significant for the bank's strategic direction and operational leadership, impacting its performance.
The announcement is a routine procedural step for a management appointment and associated remuneration approval, which is standard for listed companies.
Karnataka Bank Limited has issued a notice for a postal ballot, seeking member approval for the appointment of Mr. Raghavendra Srinivas Bhat as Managing Director & CEO for a period of one year, effective November 16, 2025. The bank is also seeking approval for his remuneration package, which includes a fixed pay of ₹2,25,00,720 and a variable pay of up to ₹225 Lakhs, totaling a potential compensation of up to ₹450 Lakhs.
The postal ballot will be conducted solely through remote e-voting. The e-voting period commences on Wednesday, December 24, 2025, at 09:00 AM IST and concludes on Thursday, January 22, 2026, at 05:00 PM IST. The results of the postal ballot are expected to be announced on or before Saturday, January 24, 2026.
Mr. Bhat, with DIN 11165725, has an extensive 38-year career at Karnataka Bank, having previously served as Chief Operating Officer. The Reserve Bank of India (RBI) has already approved his appointment and remuneration. The notice details the composition of his fixed and variable pay, including salary, allowances, perquisites, and share-linked instruments. Members holding shares as of Friday, December 19, 2025, are eligible to vote.
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The Karnataka Bank Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by The Karnataka Bank Limited. Read the original for the full detail.