Mangaluru, Aug 9 (PTI) Former chairman of the Karnataka Bank and a distinguished figure in the banking world, P Jayaram Bhat, died at a hospital here on Wednesday after he suffered cardiac arrest, family sources said.

Bhat was 72. He collapsed at the airport while returning home from Mumbai after attending a meeting. Though he was rushed to a city hospital for treatment, his life could not be saved, they said.

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He is survived by wife, son and a daughter.

Bhat, who earned a reputation as a banking luminary over the course of three decades, retired after leading the Karnataka Bank, a renowned private sector institution in the country's financial landscape.

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Bhat, who assumed the role of managing director and CEO of the bank on July 14, 2009, led the bank for three consecutive terms.

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