South Indian Bank Appoints P R Seshadri as New MD & CEO

South Indian Bank Appoints P R Seshadri as New MD & CEO

Hyderabad: South Indian Bank (SIB), a distinguished private sector bank with a legacy spanning over nine decades, is set to usher in a new era of leadership as it welcomes Mr. P R Seshadri as its Managing Director and Chief Executive Officer, effective from 1st October 2023. Mr. Seshadri will succeed Mr. Murali Ramakrishnan, who concluded a successful tenure from 1st October 2020 to 30th September 2023.

Bringing nearly 25 years of extensive banking experience, Mr. P R Seshadri has held key leadership roles in both domestic and international markets. His illustrious career includes tenures at prestigious institutions such as Karur Vysya Bank Limited and Citigroup. Widely recognized for his leadership acumen in scaling, optimizing, growing, and transforming businesses, Mr. Seshadri has consistently embraced digital operational frameworks and innovative solutions to meet the evolving demands of the market. Prior to joining SIB, he served in a similar capacity at Karur Vysya Bank (KVB).

Mr. Thomas Joseph K, Executive Vice President, and Chief Business Officer expressed a warm welcome to the new MD & CEO, stating, “Embracing a new era of leadership, we proudly welcome Mr. Seshadri to lead our institution. With a proven track record and a visionary approach, he embodies the future of banking excellence. His expertise will guide us towards greater heights, paving the way for success and prosperity for our valued clients and stakeholders. Together, we anticipate exploring new frontiers in finance and redefining growth through a customer-centric ethos.”

In response to his appointment, Mr. P R Seshadri shared his vision, stating, “Leading South Indian Bank is a privilege as we embark on a growth journey, leveraging technology while upholding our business values and rich heritage. I am enthusiastic about collaborating with the Bank’s talented professionals to build upon the legacy. Together, we will navigate the evolving financial landscape, delivering innovative solutions and unparalleled service to our clients.”

Mr. Seshadri, an electrical engineer with a Post Graduate Diploma in management from IIM Bangalore, is poised to lead South Indian Bank into a new era of growth and innovation. His commitment to upholding the bank’s rich legacy and core values promises an exciting journey ahead for the institution and its stakeholders. The appointment marks a strategic move for South Indian Bank as it looks forward to a dynamic and successful future under Mr. Seshadri’s leadership.

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