The New Indian Express ·
Karnataka Apex Bank: Ex-Minister Rajanna, MLC Ravi likely to share president post tenure
BENGALURU: Suspense over the Karnataka State Cooperative Apex Bank president’s election appears to be nearing an end, with former minister KN Rajanna likely to get the first term under a power-sharing formula agreed upon by the board of directors.
A meeting convened by Chief Minister DK Shivakumar on Wednesday reportedly succeeded in bringing the directors around to a consensus on sharing the president’s post for two-and-a-half years each. However, both Rajanna and MLC S Ravi, who are in the fray for the top post, have maintained their claims.
The question now is who will occupy the chair during the first term. Sources said Rajanna is almost certain to be given the first 2.5-year term, while the arrangement for the subsequent term is expected to be worked out later. Elections to the president and vice-president posts are scheduled for Thursday.
