Rajneesh Karnatak Joins Bank Of India As Managing Director, CEO

New Delhi:

Rajneesh Karnatak has joined the Financial institution of India as its managing director and chief govt officer, the lender has stated.

Rajneesh Karnatak has an expertise of over 29 years. Previous to this, he had been the chief basic supervisor of Punjab Nationwide Financial institution till his appointment as govt director in Union Financial institution of India from October 21, 2021. He accomplished the Grasp of Commerce and is a licensed affiliate from Indian Institute of Bankers (CAIIB).

With a brand new chief we’re poised to ascend to new heights & successes. Listed below are glimpses of heat welcome to our MD & CEO Shri Rajneesh Karnatak at Financial institution of India Head Workplace, Mumbai. pic.twitter.com/pvCK07DP9v

— Financial institution of India (@BankofIndia_IN) April 29, 2023

Throughout his banking profession, he has headed vital divisions like massive company credit score branches and strategic verticals akin to credit score monitoring, digital banking and mid company credit score as basic supervisor in Oriental Financial institution of Commerce.

Publish-amalgamation of Oriental Financial institution of Commerce into Punjab Nationwide Financial institution, he headed credit score monitoring division and in addition the company credit score division in PNB. He carries intensive publicity in venture funding and dealing capital funding together with danger administration with particular reference/particular emphasis on credit score danger.

Mr Karnatak has served as non-executive chairman of UBI Companies, on behalf of Union Financial institution of India. He has additionally served as non-independent non-executive director on the Board of UBI (UK). He was a member of the governing board of the Indian Institute of Financial institution Administration (IIBM) Guwahati.

He has served as nominee director on behalf of Punjab Nationwide Financial institution on the board of PNB Housing Finance, and India SME Asset Reconstruction Firm. He additionally served because the board trustee on IIFCL Asset Administration Co (IAMCL).

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