Ananthakrishna chosen for K.K. Pai Banking award

Ananthakrishna chosen for K.K. Pai Banking award

Mangalore Today News Network

Udupi, Sep 17, 2017: Ananthakrishna, former Chairman of Karnataka Bank Ltd., has been selected for K.K. Pai National Banking Award for 2017-18. The selection committee of the Trust had unanimously recommended the name of Mr. Ananthakrishna, said a release issued by K.K. Ammannaya, trustee and secretary of K.K. Pai Trust here on Saturday, Sept 17.

Ananthakrishna was the Chairman and Chief Executive Officer of the Karnataka Bank Limited from 2000 till 2009 and thereafter is continuing as the Non-Executive Chairman of the Bank. Karnataka Bank has witnessed an all-round progress under the stewardship of Ananthakrishna.He was retired from the bank after for more than 45 years service in October 2016.

Born  in  1946,  he  hails  from  Bantwal in  Dakshina  Kannada  District.  He  had  his  initial education at S. V. S. High School, Bantwal. After graduating in Science from St. Aloysius College in Mangalore he did his post-graduation in Mathematics at Mysore University. He began  his illustrious  career as  a  teacher in  Deepika  High  School,Modankaup  in  Bantwal Taluk. Later he served as a Lecturer at Manipal Institute of Technology. He moved over to Hindustan  Aeronautics  Limited  (HAL),  Bangalore  as  Junior  Programmer  before  joining
Karnataka  Bank  Ltd  as  an Officer  in  1971.  At  the  Bank  he  has  worked  in  different capacities  both  at  the  Operational  Level  and  in  Key  Management  positions  in  various functional areas like Treasury and Accounts, Corporate Taxation, Information Technology
and  Credit  Administration.  Excellent  performance  in  different  capacities  resulted  in  his being  promoted  as  General  Manager  of  the  Bank  in  1994  and  later  as  Chief  General Manager in 1998. He was appointed as Chairman & CEO of the Bank in July 2000. Under
his  able  stewardship  the  Bank has  made  rapid  progress  in  all  the  parameters.  He  has been  instrumental  in  steering  the  Bank  to  pivotal  position  by  adapting  to  the  winds  of change. The Bank has been able to grow and establish Pan –India presence. During his
period  the  business  of  the  Bank  witnessed  four  fold  growth  and  the  profits  increased  six fold  and  the  only  Bonus  issue  of  shares  of  the  Bank  was  given  to  the  shareholders  in 2002-03. During his tenure as the Chairman & CEO  the market cap of the Bank increased from  Rs.  80.00  crore  to Rs.  2400  crore.  Because  of  his  farsightedness,  Karnataka  Bank was  the  First  Indian  Bank  to  implement  Core Banking  Solution  for its operations  and  the Bank had achieved 100% connectivity between the Branches/ Offices long ago.
He  was  the  Honorary  Secretary of  Indian  Banks’ Association  and  the  President  of  the Bankers’  Club,  Mangalore.

Widely  travelled  in  India  and  abroad  he  is  the  recipient  of various  awards  such  as PR  Person  of  the  year –2002 awarded  by  Public  Relations Society  of  India  (PRSI),  Mangalore – Manipal  Chapter, Outstanding  Manager-2004 by Mangalore  Management  Association,  New  Year  Award 2008 constituted  jointly  by Academy of General Education, Rotary Club Udupi-Manipal and Syndicate Bank. He was also conferred Rotary ‘4-Way  Test’  Award for  exemplary  ethics  in  Business  and vocation.