This assignment follows his recent appointment which will span across a three-year term, said the bank.

On assuming charge as MD & CEO, Srikrislman said, "As we enter our centenary year, we will launch innovative and digital solutions with an accelerated outreach, physically and virtually."

Karnataka Bank stated that Srikrishnan brings an extensive background of about forty years in various banking domains, including commercial, retail & transactional banking, technology, and payments. His prior experiences encompass significant senior roles at HDFC Bank, Yes Bank, and Jio Payments Bank.

At HDFC Bank, he was part of the pioneering founding management team and played a crucial role in developing the bank's corporate and retail banking, treasury, and capital markets infrastructure segments.

His tenure at Yes Bank witnessed him establishing the commercial banking infrastructure. As MD & CEO of Jio Payments Bank since inception, he spearheaded the licensing and commencement of operations.

Karnataka Bank is an Indian private sector bank based in Mangalore. As of 31 March 2023, the bank operates 901 branches, 871 ATMs, 603 cash recyclers and 586 e-lobbies/mini e-lobbies across 22 states and two union territories.

The bank's net profit surged 171.4% to Rs 353.75 crore in Q4 FY23 as against Rs 130.35 crore recorded in Q4 FY22. Total income jumped 28.8% to Rs 2,364.54 crore in the quarter ended 31 March 2023.

Shares of Karnataka Bank fell 0.84% to settle at Rs 147.85 on Friday, 9 June 2023.