Appointment of PR Seshadri as MD & CEO of South Indian Bank

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Appointment of PR Seshadri as MD & CEO of South Indian BankThe Reserve Bank of India (RBI) approved the appointment of PR Seshadri as the Managing Director and CEO of South Indian Bank.

An Overview of the News

  • The appointment of PR Seshadri is for a period of three years, with effect from October 1, 2023.

  • He is an accomplished banker with diverse experiences across various businesses, functional areas, and geographies.

  • He has managed major commercial banking business lines, demonstrated enterprise-level management skills, and effectively handled investor relations, regulatory affairs, and boards across multiple locations.

Leadership Skills:

  • He is recognized as a respected business leader known for building and leading large teams to achieve complex business objectives.

  • Seshadri has a track record of building and growing both existing and new businesses by leveraging emerging technologies and market opportunities.

Educational Background:

  • He holds a bachelor's degree in Electrical Engineering from Delhi College of Engineering.

  • He also holds a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore.

Previous Roles:

  • Earlier, PR Seshadri has held various key positions in his career:

  • Managing Director & CEO of Karur Vysya Bank Limited (KVB).

  • Managing Director and Head of Regional Sales and Distribution at Citibank N.A., Asia Pacific, Singapore.

  • Managing Director and Regional Head of Lending Business at Citibank N.A., Asia Pacific, Singapore.

  • Managing Director of Citifinancial Consumer Finance India Limited (CCFIL), India.

  • Marketing Director at Citibank NA, India Branches.

  • Head of Structured Finance and Managing Director & Integration Manager at CFRSIL - Associates India Limited.

  • Head of Banking Collections at Citibank N.A., India.

  • Automobile Finance Head of Northern India.

  • Head of Community Banking for Northern India.

  • Leading Mortgage Business in City India and Southern India.

About South Indian Bank

Headquarters: Thrissur.

Established: January 25, 1929

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