CHENNAI: The Reserve Financial institution of India (RBI) appointed Salee Sukumaran Nair because the Managing Director (MD) and Chief Government Officer (CEO) of Tamilnad Mercantile Financial institution (TMB) on Friday. Nair beforehand served because the Deputy Managing Director and Chief Credit score Officer at State Financial institution of India (SBI). His appointment follows the resignation of S. Krishnan, who stepped down from his position on the personal sector financial institution in September of final yr.
In a regulatory submitting, TMB stated, RBI in its letter authorized the appointment of Nair because the MD and CEO of the financial institution for a three-year time period, ranging from the date he assumes workplace.Nair, who served at State Financial institution of India (SBI) till Might of this yr, was accountable for managing the credit score portfolio in his final position.
Nair started his banking profession in 1987, becoming a member of SBI as a probationary officer. Over the course of his 35-year profession, he has held numerous roles, overseeing company banking, pressured belongings, small and medium enterprises (SME), agriculture, and monetary inclusion initiatives.
At current, a Committee of Executives (CoE) consisting of three common managers is briefly overseeing the operations of the Tuticorin-headquartered financial institution. This interim association follows the resignation of Krishnan, who stepped down in September 2023 after expressing his need to be relieved from his place in June of the identical yr.
In a regulatory submitting, TMB stated, RBI in its letter authorized the appointment of Nair because the MD and CEO of the financial institution for a three-year time period, ranging from the date he assumes workplace.Nair, who served at State Financial institution of India (SBI) till Might of this yr, was accountable for managing the credit score portfolio in his final position.
Nair started his banking profession in 1987, becoming a member of SBI as a probationary officer. Over the course of his 35-year profession, he has held numerous roles, overseeing company banking, pressured belongings, small and medium enterprises (SME), agriculture, and monetary inclusion initiatives.
At current, a Committee of Executives (CoE) consisting of three common managers is briefly overseeing the operations of the Tuticorin-headquartered financial institution. This interim association follows the resignation of Krishnan, who stepped down in September 2023 after expressing his need to be relieved from his place in June of the identical yr.
