Rajneesh Karnatak

Rajneesh Karnatak is an Indian career banker who serves as the managing director and chief executive officer (CEO) of Bank of India,[1] a public sector bank in India.[2][3] He was appointed to this position by the government of India in 2023.[4]

Rajneesh Karnatak
NationalityIndian
EducationMaster of Commerce
OccupationBanking Executive
OfficeManaging Director and Chief Executive Officer of Bank of India
PredecessorAtanu Kumar Das

Education

Karnatak completed his Master of Commerce from D.A.V. College Dehradun and obtained certification as a certified associate from the Indian Institute of Banking and Finance (IIBF) in 1996.[1] In 2008, he completed the advanced management programme (AMP) at the International Management Institute. In 2018, he participated in the leadership development programme at the Indian Institute of Management, Kozhikcode.

He was also a part of the first batch of senior executives selected by the Financial Services Institutions Bureau (erstwhile Banks Board Bureau) for the leadership development program conducted by IIM Bangalore and Egon Zehnder.[1]

Career

Prior to his appointment as the managing director and CEO of Bank of India,[5] Karnatak was an executive director at Union Bank of India. He also served in other banks such as Punjab National Bank and Oriental Bank of Commerce.[6]

After the amalgamation of Oriental Bank of Commerce into Punjab National Bank, Karnatak headed the credit monitoring division and the corporate credit division in Punjab National Bank.[6][7]

Karnatak has served in various non-executive roles as well. He was the non-executive chairman of UBI Services Ltd., representing Union Bank of India, and a non-independent non-executive director on the Board of UBI (UK) Limited.[6] He also served as a nominee director on behalf of Punjab National Bank on the board of PNB Housing Finance Ltd. and India SME Asset Reconstruction Company Limited. He also served as a board trustee on the governing board of IIFCL Asset Management Co (IAMCL).[1]

In 2023, Karnatak was appointed MD and CEO of Bank of India.[1] He's featured on various business news channels, including CNBC,[8][9] TV18, ET Now,[10] Business Today TV, and Times Now.

See also

References
  1. "Rajneesh Karnatak appointed MD & CEO of Bank of India". The Times of India. 2023-04-29. ISSN 0971-8257. Retrieved 2023-08-16.
  2. "Exclusive Conversation With Bank Of India MD & CEO Rajneesh Karnatak". Business Today. 2023-05-08. Retrieved 2023-08-16.
  3. "Asset quality not to be an issue, NPAs to go down further: Rajneesh Karnatak, Bank of India". The Economic Times. 2023-05-08. ISSN 0013-0389. Retrieved 2023-08-16.
  4. "Shri Rajneesh Karnatak, Executive Director, Union Bank of India is appointed as a Managing Director and Chief Executive Officer of Bank of India | Department of Financial Services | Ministry of Finance | Government of India". financialservices.gov.in. Retrieved 2023-08-16.
  5. "Union Bank MD inaugurates 'Ethical Hacking Lab' in Hyderabad". United News of India.
  6. "Rajneesh Karnatak joins Bank of India as MD & CEO - ETHRWorld". ETHRWorld.com. Retrieved 2023-08-16.
  7. "Rajneesh Karnatak takes over as Union Bank of India Executive Director". Moneycontrol. 2021-10-22. Retrieved 2023-08-16.
  8. Bank Of India's Rajneesh Karnatak On High Slippages In Q4, CNBC-TV18, retrieved 2023-08-16
  9. CNBC-TV18 LIVE | Bank of India Q4 Earnings | Rajneesh Karnatak Exclusive, retrieved 2023-08-16
  10. Bank Of India Posts Record PAT In Q4 | Rajneesh Karnatak MD & CEO Of BoI Explains | Business News, retrieved 2023-08-16
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