karnataka bank: Karnataka Bank appoints Sekhar Rao as new ED

Personal Sector lender Karnataka Financial institution has appointed Sekhar Rao as an Extra Director to take up the position of Government Director of the Financial institution for a interval of three years efficient from the date of taking cost, topic to approval of the shareholders.

Rao has 29 plus years of expertise throughout varied sectors reminiscent of Banking, Info Know-how, Fee and Settlement Merchandise, Enterprise Administration, Technique & Operations, of which 19 years within the BFSI sector. He additionally has an expertise of 10 plus years in CXO roles reporting to MD & CEO and Board Committees.

His areas of expertise embrace organising and managing centralized operation items and know-how groups, consulting for tasks in enterprise technique and banking operation, managing the digital/alternate channels of Banks, organising of recent enterprise verticals, distribution channels, department community growth, managing giant community of Branches & Enterprise Models and organising and scaling a Fintech start-up, the financial institution stated in a press launch.

He had thus far been related to a fintech – Savvy India because the co-founder and a director from April 2020. He was additionally related to CSB financial institution Ltd because the Head – Operations & IT for about six years. Earlier, he has labored with RBL Financial institution Ltd, ING Vysya Financial institution Ltd, ICICI Financial institution Ltd., Asian Paints (I) Ltd., Goodlass Nerolac Paints Ltd., (now Kansai Nerolac Paints Ltd) in varied capacities, the discharge added.

Financial institution managing director and CEO Mahabaleshwara MS stated Rao introduced with him wealthy expertise from a number of sectors reminiscent of Banking, Info Know-how, technique, operations and likewise fintech. “We stay up for working carefully with him and we want him good luck in his new project.”