Corporation Bank CEO PV Bharathi bids adieu to banking career

MANGALURU: On a day that 114-year-old Corporation Bank ceased to remain an independent public sector bank, its managing director and CEO P V Bharathi bid adieu to a 37-year-long banking career as well.
Set by up Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur on March 12, 1906 in Udupi, the bank on March 12 had celebrated its 114th Foundation Day with a televised video-message from Bharathi who was absent for official reasons.
Thanks to a decision by the Union government to merge Corporation Bank and Andhra Bank into Union Bank of India and effecting this tri-merger of banks effective April 1, Bharathi stepped down as the last MD and CEO of the bank as well, a post that she took charge on February 1, 2019. Prior to this appointment, Bharathi was executive director of Canara Bank from September 15, 2016 where she was responsible for key areas of banking.
Addressing Corp Bankers at a farewell function on Tuesday, Bharathi said, Corporation Bank with history of 114 years, won the trust and confidence of its customers and grew in to a premiere public sector bank over the years. She thanked the rank and file of Corporation Bank family for their support and cooperation in the successful journey of the Bank and appreciated their hard work, sincere contribution and dedication in building the organisation.
Bharathi emphasized that the bank with strong technological platform is poised for growth and will contribute handsomely to business of new entity. Incidentally, last day of the current fiscal also marked end of independent functioning of yet another bank that started in this cradle of banking – Syndicate Bank is set to be merged with Canara Bank. Vijaya Bank another bank with roots here with Dena Bank was merged with Bank of Baroda on April 1, 2019.