US EditionKarnataka Bank CEO Srikrishnan Sarma Resigns
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Karnataka Bank CEO Srikrishnan Sarma Resigns
Karnataka Bank Chief Executive Officer and Managing Director Srikrishnan Sarma has resigned, according to people in the know. The exit follows an alleged dispute with the bank’s board on certain expenditures by the bank which were made without appropriate approvals in May.During the fourth quarter results, the lender's auditor, Ravi Ranjan & Co., had flagged that the expenditure included Rs 1.16 crore incurred for engaging consultants. There was…
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