Karnataka Bank has appointed Raghavendra Srinivas Bhat as its MD & CEO for a one-year term starting November 16, following the Reserve Bank of India’s approval on November 14. The bank’s board ratified the appointment on Saturday. Bhat was earlier named Additional Director in the capacity of MD & CEO for three months from July 16 after the resignation of Srikrishan Hari Hara Sarma. RBI later extended Bhat’s tenure by a month from October 16.