Karnataka Bank re-appoints Jayarama Bhat as MD and CEO

[email protected] (CD Network)
July 12, 2012

JayaramBhat

Mangalore, July 12: P Jayaram Bhat has been re-appointed as the Managing Director and CEO of Karnataka Bank for another three years.

The RBI has conveyed its approval for re-appointment of P Jayarama Bhat as the Managing Director and CEO of the Bank for further period of three years with effect from July 14, 2012, as proposed by Bank's Board of Directors.

Under his dynamic leadership, over the last three years, the bank registered an all round progress. There was significant increase in bank's business to reach a new high of Rs 54,488 crore as on June 30, 2012 from Rs 32,004 crore as on June 30, 2009.

The capital fund of the Bank has touched Rs 2,600 crore mark at the end of March 2012 and the Capital Adequacy Ratio stood at 12.84 per cent.

The number of branches of the Bank rose to 504 from 447 three years back. Number of ATMs has shown a more than 100 per cent growth from 177 ATMs in 2009 to 382 as of now.

More number of ATMs are being opened to increase convenience to all the customers across India. Customer base of the Bank has surpassed 60 lakhs. While continuing its consistent dividend payment tradition, the Bank has proposed a dividend of 35 per cent for the year 2011-12.

Bhat is also a Member of Managing Committee of Indian Banks Association (IBA) and the Honorary President of the Banker's Club, Mangalore. He is also Chairman of Private Sector Banks Association.

During these years, Karnataka Bank has earned Best Bank Award by IDBRT for 'Managing IT Risk' under Small Bank Category.

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News Network
February 4,2026

Mangaluru: Urban local bodies and gram panchayats should make the use of Kannada on signboards mandatory while issuing trade licences to commercial establishments, Dakshina Kannada Deputy Commissioner Darshan HV said. He also called for regular inspections to ensure compliance.

Presiding over the District Kannada Awareness Committee meeting at the deputy commissioner’s office, Darshan said the city corporation would be directed to ensure that shops operating in malls prominently display their names in Kannada. “All commercial establishments, including shops, companies, offices and hotels, must mandatorily display their names in Kannada on signboards,” he said.

The deputy commissioner added that the National Highways Authority of India (NHAI) would be instructed to include Kannada on signboards along national highways. Banks, he said, would be directed through committee meetings to provide application forms in Kannada.

“Even if English-medium schools and colleges impart education in English, their signboards must display the institution’s name in Kannada. Steps will also be taken to ensure that private buses display place names in Kannada,” Darshan said.

During the meeting, committee members raised concerns over the closure of Kannada-medium schools in rural areas due to a shortage of teachers and stressed the need for immediate corrective measures. They also pointed out that several industries employ workers from other states while overlooking local candidates.

Members further demanded that nationalised banks provide deposit and withdrawal slips in Kannada. It was brought to the deputy commissioner’s notice that the presence of staff without knowledge of Kannada in rural branches of nationalised banks is causing hardship to local customers.

Meanwhile, MP Srinath, president of the District Kannada Sahitya Parishat, urged the district administration to allot land for the construction of a district Kannada Bhavana in Mangaluru.

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News Network
February 4,2026

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An Indian resident who won the Dh20 million (approximately Rs 50 crore) jackpot in Abu Dhabi's Big Ticket draw has told of his joy at sharing his life-changing fortune with a friend.

Shanthanu Shettigar, a shop manager in Muscat, regularly buys tickets for the monthly grand prize draw with one of his closest friends – and the pair won on February 3.

Mr Shettigar, 33, who is from Udyavar in Udupi district of the southern state of Karnataka and has lived in the Omani capital for eight years, said he was left speechless after learning of his success.

“When I first moved to Muscat, many of my colleagues were purchasing Big Ticket, which encouraged me to give it a try,” he said.

“I started buying tickets on my own, and later began sharing tickets with a close friend. The ticket that brought me this win was one we purchased together.”

“Like most people, I receive a lot of spam calls, and I was fully absorbed in my work as well. I knew the live draw was taking place tonight, but I never imagined my name would be announced,” he said.

“When I realised it was real and that I had won, I was honestly speechless. It still hasn’t fully sunk in, but I’m extremely happy.”

Mr Shettigar is not sure how he will spend his share of the money, but encouraged others to take part.

“This win was completely unexpected, so I want to take some time to think things through before deciding what to do next,” he said.

“I would definitely encourage others to participate with Big Ticket, whether with family or friends – you never know when your moment might come.”

The Big Ticket was established in 1992 with an initial first prize of Dh1 million. It is one of the most popular monthly raffles in the UAE.

It has transformed the lives of many people across the Emirates and beyond.

Entry to the Big Ticket Millionaire is Dh500. Tickets can be bought online or at counters at Zayed International Airport and Al Ain Airport.

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News Network
February 8,2026

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Mangaluru: Emphasising the importance of integrating cultural awareness with formal education, former Mangaluru North MLA and noted community leader Moidin Bawa said such an approach is vital for the holistic development of children and helps shape responsible, confident future citizens. He was speaking as the chief guest at the Prep Graduation Ceremony of Barakah International School and College.

The young graduates enthralled the audience with a vibrant mix of performances, including skits, action songs, short plays, and other engaging cultural programmes that showcased the creativity and confidence nurtured by the institution.

The event was graced by several prominent personalities, including Abdul Naser “Lucky Star”, President of the Wakf Advisory Committee; Dr Mohammed Nohman, Orthopaedic Surgeon; S. A. Khaleel, Chairman of the Bolar Islamic Centre; Naufal Kokkada, President of the SKSM Youth Wing; Suhail Kandak, Chairman of the Make a Change Foundation; and Mohammad Ashraf Badriya, President of Muslim Aikyata Vedike, among others.

The programme began with a warm welcome by Principal Sharfuddin B.S., who highlighted Barakah’s distinctive educational philosophy that blends academic excellence with strong moral and cultural values.

Ayan Ashraf, Director of Barakah, conveyed the Chairman’s message and reaffirmed the institution’s commitment to value-based education.

The vote of thanks was proposed by Mohammed Haneef, Principal of Islamic Studies.

Barakah International School and College is a reputed educational institution in Mangaluru, offering quality education from nursery to degree level. The institution is known for its holistic education model that harmoniously integrates cultural values with academic excellence, ensuring the all-round development of students.

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