Sekhar Rao has been appointed as interim MD and CEO by the Karnataka Bank on 15th of April. Rao has taken the responsibility of office for a period of 3 mths or till the recruitment of next CEO&MD. Prior to Sekhar Rao, Mahabaleshwar M S was holding the office of MD&CEO, he resigned from the post on 14th of April after completing second term of 3 years.