CSB Bank MD & CEO to take early retirement

His decision to move on from the post of MD & CEO has been approved by the board of directors in a meeting held on Saturday. Rajendran has been MD & CEO since December 9, 2016, and the current term is up to December 8, 2022.

Rajendran will continue to lead the Bank till March 31, 2022. CSB sources further said that the Board has decided to constitute a search committee to identify and evaluate candidates from internally or externally for the position of MD & CEO.
Rajendran will continue to lead the Bank till March 31, 2022. CSB sources further said that the Board has decided to constitute a search committee to identify and evaluate candidates from internally or externally for the position of MD & CEO.

CSB Bank in a regulatory filing said on Saturday that C V R Rajendran, managing director & CEO of the bank, has decided to take an early retirement from the post to take care of his health under the advice of his physicians.

Rajendran will continue to lead the Bank till March 31, 2022. CSB sources further said that the Board has decided to constitute a search committee to identify and evaluate candidates from internally or externally for the position of MD & CEO. It has also been decided to engage an independent executive search firm in this connection.

His decision to move on from the post of MD & CEO has been approved by the board of directors in a meeting held on Saturday. Rajendran has been MD & CEO since December 9, 2016, and the current term is up to December 8, 2022.

He was instrumental in bringing Rs 1,208 crore of primary capital in CSB Bank from FIH Mauritius Investments (a subsidiary of Fairfax India Holdings) and also led CSB Bank through a successful initial public offering.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.