Karnataka Bank appoints Abhishek Sankar Bagchi as new CFO

Karnataka Bank appoints Abhishek Sankar Bagchi as new CFO

Daily Current Affairs   /   Karnataka Bank appoints Abhishek Sankar Bagchi as new CFO

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Category : Appointment/Resignation Published on: March 06 2023

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  • Karnataka Bank appointed Abhishek Sankar Bagchi as the bank’s Chief Financial Officer (CFO) with effect from 2 March 2023.
  • The appointment comes after Muralidhar Krishna Rao, the bank’s CFO, resigned on March 1 after his term expired. He has over 18 years of work experience in RBI reporting, strategic planning, fund management, financial reporting, financial planning & control, taxation, and budgeting. 
  • Bagchi is a Chartered Accountant with a Global Diploma in International Financial Reporting (IFRS) and has worked in financial reporting, financial planning and control, taxation, RBI reporting, strategic planning, fund management, and budgeting for over 18 years. 
  • He has been in the banking and NBFC industries since May 2006. He was CFO and Head of Finance at NSDL Payments Bank since September 2017.
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