The South Indian Bank has appointed P R Seshadri as its new Managing Director (MD) and Chief Executive Officer (CEO) effective 1st October, 2023. In his new role, he is poised to lead the bank into an era of growth and innovation, while upholding its rich legacy and core values, a statement from the bank notified.
Seshadri will succeed Murali Ramakrishnan, who served his tenure from 1st October, 2020 till 30th September, 2023, the statement said.
Further, according to the statement, Seshadri holds nearly 25 years of banking experience spanning domestic and international markets. He has held senior leadership positions at Karur Vysya Bank and Citigroup.
Welcoming the incoming MD and CEO, Thomas Joseph K, Executive Vice President and Chief Business Officer, said in the statement, “Embracing a new era of leadership, we 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 clients and stakeholders. Together, we anticipate exploring new frontiers in finance and redefining growth through a customer-centric ethos.”
Prior to joining SIB, Seshadri was associated with Karur Vysya Bank (KVB) in a similar role, the statement added.
Commenting on his appointment, Seshadri also said in the statement, “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.”
Seshadri is an electrical engineer and holds a Post Graduate (PG) Diploma in management from IIM Bangalore, the statement concluded.