BANK NEWS
Murali Ramakrishnan is likely to be CEO of South Indian Bank
New Delhi: Murali Ramakrishnan, who has a tremendous background in banking sector, former senior executive at ICICI Bank, chief executive of the private sector lender’s operations in North Asia, Middle East, Sri Lanka & Africa, now likely to be the next Director and Chief Executive officer of South Indian Bank.
In fact, Ramakrishnan has already joined the bank as an advisor from 1 July and should be replace the current MD & CEO VG Mathew for the further post.
“As the panel of candidates for appointment as MD&CEO is pending with RBI for their consideration, we cannot provide the details of the same,” the bank said.
The bank is waiting for the approval of Reserve Bank of India, as Ramakrishnan is the first choice for the respective post, Bank said.
South Indian Bank has proposed two candidates for the position. As per the RBI norms, the Bank will be submitting its application to Reserve Bank of India with the names of the candidates in the order of preference, seeking approval for the appointment of the new MD & CEO, who shall succeed Mr. VG Mathew whose term is due to expire on September 30,2020.
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