South Indian Bank has appointed PR Seshadri as its managing director and chief executive officer effective from October 1. He will succeed Murali Ramakrishnan who served at the post from October 1, 2020 till September 30, 2023.
With nearly 25 years of banking experience spanning domestic and international markets, Seshadri has held senior leadership positions at prestigious institutions, including Karur Vysya Bank and Citigroup.
Seshadri’s career trajectory underscores his ability to drive sustained growth, emphasising the adoption of digital operational frameworks and innovative solutions to meet the unique demands of the Indian market, the bank said in a press release.
“Leading South Indian Bank is a privilege as we embark on a growth journey, leveraging technology while upholding our business values and rich heritage,” Seshadri said. “I am enthusiastic about collaborating with the Bank’s talented professionals to build upon the legacy,” he added.
The bank’s total loan book stands at `74,102 crore as on June 30.