Answer- B
Karnataka Bank, a private financial institution located in Mangaluru, has received approval from the Reserve Bank of India (RBI) for the appointment of Sekhar Rao, the bank's executive director, as the interim managing director and chief executive officer.
According to a stock exchange filing, the appointment is valid for three months starting from April 15, 2023, or until the appointment of a regular managing director and chief executive officer, whichever occurs first.