Rajneesh Karnatak
Rajneesh Karnatak | |
|---|---|
| Born | July 14, 1970 Dehradun, India |
| Occupation | Banking professional |
| Years active | –present |
| Known for | Managing director and CEO of Bank of India |
Rajneesh Karnatak (born 14 July 1970) is a seasoned Indian banking professional currently serving as the managing director and chief executive officer (CEO) of Bank of India, a prominent public sector bank. His appointment was made by the Government of India in 2023.
Education
Karnatak completed his early education at St Joseph's Academy, Dehradun and obtained a Master of Commerce (M. Com.) degree from D.A.V. College Dehradun. In 1996, he earned certification as an associate from the Indian Institute of Banking and Finance (IIBF). Further enhancing his expertise, he pursued the advanced management programme at the International Management Institute, New Delhi in 2008 and later took part in a leadership development programme at the Indian Institute of Management Kozhikode in 2018.
Moreover, Karnatak was included in the inaugural cohort of senior executives chosen by the Financial Services Institutions Bureau (previously known as Banks Board Bureau) to attend a leadership initiative jointly organized by Indian Institute of Management Bangalore and Egon Zehnder.
Career
Prior to his current role as MD and CEO at Bank of India, Karnatak served as an executive director at Union Bank of India and held significant leadership positions at both Punjab National Bank and Oriental Bank of Commerce. Following the merger of Oriental Bank of Commerce into Punjab National Bank, he oversaw the credit monitoring and corporate credit departments within Punjab National Bank.
His experience also includes important non-executive roles such as non-executive chairman of UBI Services Ltd., affiliated with Union Bank of India, and non-independent non-executive director at UBI (UK) Limited. Additionally, he acted as a nominee director representing Punjab National Bank on the boards of PNB Housing Finance Ltd and India SME Asset Reconstruction Company Limited. He was also entrusted with responsibilities as a board trustee for IIFCL Asset Management Co (IAMCL).
Since assuming leadership at Bank of India in 2023, Karnatak regularly features on major business news platforms including CNBC, TV18, ET Now, Business Today TV, and Times Now, where he discusses the bank’s strategic direction and financial results.