Rajneesh Karnatak has assumed charge as Executive Director of Union Bank of India.
Karnataka was the Chief General Manager of Punjab National Bank. A post-graduate in Commerce and a Certified Associate from the Indian Institute of Bankers (CAIIB), Karnatak comes with a rich banking experience of over 27 years along with diverse branch and administrative office experience.
As General Manager in erstwhile Oriental Bank of Commerce, he has headed large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he started heading the Credit Review & Monitoring Division and Corporate Credit Division.
Karnatak has also served as a Nominee Director on behalf of PNB on the Board of PNB Housing Finance Ltd. and ISARC (India SME Asset Reconstruction Company Limited). He comes with deep expertise in credit appraisal skills including project funding and Working Capital funding along with Risk Management with specific reference/ special emphasis on Credit Risk