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Mangalore: Usha Ganesh becomes first woman director of Karnataka Bank

  •   Wed, Aug 07 2013 04:32:42 PM

Mangalore: Usha Ganesh becomes first woman director of Karnataka Bank

Media Release

Mangalore, Aug 7: Mangalore-based premier private sector bank, The Karnataka Bank Ltd has appointed Usha Ganesh, IAS, former administrative member, Karnataka Administrative Tribunal, Bangalore as an additional director under Section 260 of the Companies Act, 1956.

The above appointment was made at the recently held board meeting on July 31. She is the first woman director on the board of the Bank.

Born on July 5,1948, Usha Ganesh, IAS, is a post graduate in MSc (botany), MSc (economics), LLB, and has undergone advanced training in administration and management of change from Administrative Staff College of India, Hyderabad and Management Development Centre, London.

She brings with her vast experience in the field of law, finance, agriculture and rural economy, cooperation and SSI. As an IAS (RR 1973) of Karnataka cadre from July 1973 to July 2008, she has held various posts from assistant commissioner, Chikmagalur, deputy commissioner, Bangalore district, to managing director of KSCARD Bank (SLDB) and additional chief secretary and chairman of Krishna Bhagya Jala Nigam Ltd.

Usha Ganesh was on the boards of Karnataka State Co-operative Agricultural and Rural Development (KSCARD) Bank as managing director from June '95 to June '96 and Karnataka State Co-op Apex Bank Ltd, as director from June '95 to June '96. She had represented KSCARD Bank in all-India and zonal conferences of NABARD, and also at International Co-operative Alliance Seminar at Sydney, Australia during October 1995. She has functioned as administrative member, Karnataka Administrative Tribunal from August 2008 - July 2013 in the rank of a judge of High Court for 5 years. Usha Ganesh has also functioned as a Quasi Judicial Authority and Appellate Authority in different posts for 9 years.
  

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Comment on this article

  • KRPrabhu, Mangalore/Bangalore

    Thu, Aug 08 2013

    Today Indian banking sector is at cross roads.There are challenges ahead.There is tremendous pressure on profitability in view of growing NPAs,increasing overheads,to keep up the level of priority sector lending in line with statutory guidelines of RBI/Govt at limited interest rate structure etc.,
    Today many of the banks are having NPA(gross) level around 3% and net NPA more or less 1%.Some banks are having this ratio at 2% which is a matter of great concern. though Finance Minsiter has recently directed the banks categorically to imporve the NPA level by exerting much on recoveries of staggered loans.This task has rendered the bankers restive as the rcovery is directly linked to growth rate of economy too of the country among other things.
    I wish to point out that in recent times government has formulated the schemes of writting loans of various categories specially from farming sector.Even our state government has announced few months back writting off the small loans of other priority sector(OPS).
    Banks get the reimbursement for the write offs but this will send a dangerous signal to the borrowers to delay the repayment or not to pay and wait for another write off excercise.So again loans getting sticky and banks interest income is skipped.Today many banks have NPA level of around 25 % under agri loans and in co-operative banks it is near 50%. I feel this issue is very serious and needs to be addressed.
    Though banks are reporting rise in varous incomes year by year,the intrest income is under presure every year and they have to explore other avenues to sustain the profiatability level.Incidently the other income segment has taken by leaps and bounds in many banks recently.This means banks have hiked the non interest rates sharpely.This is nothing but looting Peter to pay Paul.Deposit interest rates have not been increased recently but taking a downward trend and again core customers are loosers.Bank Directors have great challenges ahead.

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  • Charles, DXB/IXE

    Wed, Aug 07 2013

    Without taking the sheen out of the Ms Ganesh progression (Congrats to her), I would be happy to see more reps from the minority community at senior levels within the bank. A lot of us from the Gulf invest patronize the bank. I am sure they are as capable as the other senior officers of the bank (who also coincidently passed out some great institute as St Aloysius and St Agnes amongst others). Its time the capable officers from the minority communities are provided with opportunities for progression.

    DisAgree [4] Agree [2] Reply Report Abuse

  • Gladys Mudarth, Mangalore/

    Wed, Aug 07 2013

    Excellent - Karnataka Bank has started recognizing the woman's worth. All the best to you Maam.

    DisAgree Agree [2] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Aug 07 2013

    Congratulation Mrs.Usha Ganesh on your appointment as first woman director of Karnataka Bank.May your rich experience and knowledge enrich the board to register best alround growth.Thanq and all the best.

    DisAgree [1] Agree [6] Reply Report Abuse

  • Leslie fernandes, Brahmagiri, Udupi

    Wed, Aug 07 2013

    CONGRATULATIONS...
    WE ARE BLESSED TO HAVE SUCH GEMS IN THE BOARD OF OUR OWN LOCAL BANK...
    COMPASSION ALONG WITH PRUDENCE WILL GO A LONG WAY IN MAKING KARNATAKA BANK A TRUE HUMAN BANK...

    DisAgree [1] Agree [6] Reply Report Abuse

  • Ronnie D'Souza, Mumbai

    Wed, Aug 07 2013

    Congratulations! May the hand of God guide and guard you.

    I wish you All the best

    DisAgree [2] Agree [7] Reply Report Abuse

  • Gracy Noronha, Bangalore

    Wed, Aug 07 2013

    Congrats Madam. I wish you all the best in your new assignment.

    DisAgree [1] Agree [13] Reply Report Abuse


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