Karnataka Bank's Chief Executive Officer (CEO) Srikrishnan Hari Hara Sarma has stepped down from his position, Moneycontrol reported citing sources. The bank's Executive Director, Sekhar Rao, is also expected to step down by July 30. Differences between Sarma, Rao and the bank's board on a certain expenditure incurred by the bank are said to have resulted in Sarma's departure.