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Karnataka Bank appoints Mr. Balakrishna Alse S as Additional Director

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Mangaluru, May 26, 2021: Private Sector lender Karnataka Bank Ltd. has appointed Mr. Balakrishna Alse S, former Executive Director of Oriental Bank of Commerce (OBC), as Additional Director (Non-Executive, Independent) at its Board Meeting held on May 26, 2021.

Mr. Balakrishna Alse S, a B.Sc (Agri) and CAIIB aged 61 years is a versatile Banker having practical experience in almost all facets of Banking. During his 35 years of tenure at Corporation Bank, he has worked in Agriculture Policy and lending, Credit Sanctions, Credit Risk Management, HR, Integrated Risk Management (as Chief Risk Officer) and Information/Cyber Security (as Chief Information Security Officer). He also had concurrent charge of Chief Vigilance Officer for over 7 months.

In his capacity as Executive Director of Oriental Bank of Commerce (OBC), he was overall-in-charge of Corporate Credit, Stressed Assets Management, Recovery, Accounts including Audit & Balance Sheet, Risk Management, Digital Banking, Cyber security, etc. He was an active member of the Team implementing EASE 2 reforms in which OBC stood first amongst mid-sized PSBs. He retired as an Officer on Special Duty at Punjab National Bank (PNB), post amalgamation of OBC with PNB.

He has undergone various training programmes at reputed institutions in India and abroad like CAFRAL, NIBM, ISB, SBISTC, Frankfurt Business School and University at Buffalo, USA.

Post superannuation, Mr. Alse has been selected as a member of the Settlement Advisory Committee of Canara Bank.

On the occasion, Mr. Mahabaleshwara M S, Managing Director & CEO said: “We welcome Mr. Balakrishna Alse S on our Board. I am sure that his experience and expertise in all facets of Banking is expected to provide guidance and value addition in further enhancing the Board effectiveness”