Private sector lender South Indian Bank on Thursday said the Reserve Bank of India (RBI) has approved appointment of Murali Ramakrishnan as its MD and CEO with effect from October 1. Ramakrishnan had retired from ICICI Bank as Senior General Manager at Strategic Project Group on May 30, 2020, and joined the South Indian Bank as an advisor on July 1, 2020.
RBI has approved the appointment of Murali Ramakrishnan as Managing Director and CEO of the bank for a period of three years with effect from October 1, 2020, the Kerala-based South Indian Bank said in a regulatory filing. During his tenure at ICICI Bank, in the last assignment, Ramakrishnan was heading a business transformation project of small and medium-sized enterprises (SME) business.
Shares of South Indian Bank were trading 1.65 per cent higher at Rs 7.38 apiece on the BSE.