Bank of India names Rajneesh Karnatak as the new CEO and Managing Director

Bank of India has appointed Rajneesh Karnatak as its new managing director and chief executive officer. With over 29 years of experience in the banking industry, Karnatak is a certified associate from the Indian Institute of Bankers (CAIIB) and completed a Master of Commerce.

Before joining Bank of India, Karnatak had been the chief general manager of Punjab National Bank and executive director of Union Bank of India. He has extensive exposure to project funding, working capital funding, and risk management, specifically credit risk.

During his career, Karnatak has headed critical divisions such as large corporate credit branches, credit monitoring, digital banking, and mid-corporate credit in Oriental Bank of Commerce and Punjab National Bank.

Karnatak has also served as the non-executive chairman of UBI Services and as a non-independent non-executive director on the Board of UBI (UK). He was also a member of the governing board of the Indian Institute of Bank Management (IIBM) Guwahati.

Bank of India expressed excitement to have Karnatak on board, saying, “With a new leader, we are poised to ascend to new heights and successes.” Karnatak’s appointment marks a new era for Bank of India, and the bank is optimistic about his leadership and extensive experience in the industry.