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Why Karnataka Bank’s top brass stepped down amid auditor red flags
By : Krishna Mishra
Karnataka Bank’s Board has accepted the resignations of MD & CEO Srikrishnan Hari Hara Sarma and Executive Director Sekhar Rao, following auditor concerns over certain expenditures. Sarma, citing personal reasons and a move back to Mumbai, will step down on July 15. Rao, unable to relocate to Mangaluru, will exit on July 31.
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