Lawstreet Journal

RBI Approves New CEO MD for South Indian Bank

Lawstreet Journal 8 Sep 2020 4:01am

Image courtesy: Lawstreet Journal Executive RBI Approves New CEO MD for South Indian Bank

RBI approved the appointment of Murli Ramakrishna as the Managing Director and Chief Executive Officer of South Indian Bank. The order comes into effect from 1st October 2020. The approved tenure for the new head Murli Ramakrishna will be of 3 years. Murli Ramakrishna will be replacing Mr. VG Mathew who is scheduled to step down as his term expires on September 30th, 2020. Ramakrishna retired earlier this year from the ICICI Bank after his tenure of more than 2 decades. During his time in the ICICI Bank, he handled many functions, processes, and businesses, as Chief Executive of North Asia (Hong Kong& China), the Middle East, Sri Lanka, and Africa Region. He also maintained and managed a balance-sheet of around $20 Billion. Murli Ramakrishna retired from ICICI Bank as Senior General Manager-strategic project on May 30, 2020. In the last assignment in the ICICI Bank Murli Ramakrishna was handling a business transformation project of small and medium-sized enterprise businesses. He joined South India Bank as an Advisor on July 1, 2020. Ramakrishna will be the first MD & CEO of South Indian Bank coming from a private sector lender. In the past, top bosses at South Indian Bank have joined from public sector lenders, chiefly State Bank of India. The bank said that “Murli Ramakrishna is the first choice of the board of directors of South Indian Bank and the firm is awaiting the Reserve Bank of India approval to take things forward” and now since the RBI has… Continue Reading...

Tagged: Reserve Bank of India  
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