Rajneesh Karnatak (born 14 July, 1970) is an Indian career banker who serves as the managing director and chief executive officer (CEO) of

Bank of India Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT (Society for Worldwide Inter ...

, a public sector bank in India. He was appointed to this position by the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

in 2023.

Education

Karnatak completed his schooling from

St Joseph's Academy, Dehradun St. Joseph's Academy, Dehradun (SJA) is a co-educational Indian Certificate of Secondary Education school in Dehradun, the capital of the state of Uttarakhand in India. Founded in 1934, the school is governed by the Society of the Brothers of ...

, and later graduated with a Master of Commerce (M. Com.) from D.A.V. College Dehradun and obtained certification as a certified associate from the

Indian Institute of Banking and Finance Established in 1928 as a company under Section 26 of the Indian Companies Act, 1913, the Indian Institute of Banking & Finance (IIBF), formerly known as the Indian Institute of Bankers (IIB), is a professional body of Banks, Financial Institut ...

(IIBF) in 1996. In 2008, he completed the advanced management programme (AMP) at the International Management Institute. In 2018, he participated in the leadership development programme at the Indian Institute of Management, Kozhikcode. He was also a part of the first batch of senior executives selected by the Financial Services Institutions Bureau (erstwhile Banks Board Bureau) for the leadership development program conducted by

IIM Bangalore The Indian Institutes of Management (IIMs) are Centrally Funded Business Schools for management offering undergraduate, postgraduate, doctoral and executive programmes along with some additional courses in the field of business administratio ...

and

Egon Zehnder Egon Zehnder International Ltd. is a global management consulting and executive search firm. Egon Zehnder is the world's largest privately held executive search firm and the third largest executive search and talent strategy firm globally with an ...

Career

Prior to his appointment as the managing director and CEO of

, Karnatak was an executive director at

Union Bank of India Union Bank of India (UBI) is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.22,92,644 crores as of 31 March 2025. After the merging with Corporation Bank and Andhra Bank, which c ...

. He also served in other banks such as

Punjab National Bank Punjab National Bank alias PNB is an Public sector banks in India, Indian government bank based in New Delhi. It was founded in May 1894 and is the List of banks in India, second-largest public sector bank in India in terms of its business volum ...

and

Oriental Bank of Commerce Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank ...

. After the amalgamation of Oriental Bank of Commerce into Punjab National Bank, Karnatak headed the credit monitoring division and the corporate credit division in Punjab National Bank. Karnatak has served in various non-executive roles as well. He was the non-executive chairman of UBI Services Ltd., representing Union Bank of India, and a non-independent non-executive director on the Board of UBI (UK) Limited. He also served as a nominee director on behalf of Punjab National Bank on the board of PNB Housing Finance Ltd. and India SME Asset Reconstruction Company Limited. He also served as a board trustee on the governing board of IIFCL Asset Management Co (IAMCL). In 2023, Karnatak was appointed MD and CEO of Bank of India. He's featured on various business news channels, including

CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...

TV18 TV18 Broadcast Limited (formerly Global Broadcast News and IBN18 Broadcast Limited) was an Indian television company based in Mumbai and owned by Network18 Group. TV18 owned and operates various national channels in separate partnerships with ...

, ET Now, Business Today TV, and

Times Now Times Now is an English-language news channel in India owned and operated by The Times Group. The channel launched on 23 January 2006 in partnership with Reuters. It is a pay television throughout India. Until 2016, it was India's most popula ...

References

{{DEFAULTSORT:Karnatak, Rajneesh Indian bankers Indian corporate directors Living people Year of birth missing (living people) International Institute for Management Development alumni People from Dehradun 1970 births

Education

Career

See also

References