South Indian Bank (SIB), one of India’s premier private sector banks, named P R Seshadri as its new Managing Director and Chief Executive Officer, beginning October 1, 2023. He will succeed Murali Ramakrishnan, who served from October 1, 2020 until September 30, 2023.
Seshadri has approximately 25 years of banking expertise in both domestic and foreign markets, having held top leadership positions at notable institutions such as Karur Vysya Bank Limited and Citigroup. His track record of scaling, optimising, growing, and transforming enterprises has garnered him industry respect and acclaim. His professional history demonstrates his ability to achieve long-term success by emphasising the use of digital operational frameworks and new solutions to satisfy the unique needs of the Indian market. Prior to joining SIB, Seshadri worked in a similar capacity at Karur Vysya Bank (KVB).
Welcoming the incoming Managing Director & CEO, Thomas Joseph K, Executive Vice President and Chief Business Officer said, “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.”
Commenting on his appointment, P R Seshadri, Managing Director and CEO, South Indian Bank said, “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.”
P R Seshadri is an electrical engineer with an IIM Bangalore Post Graduate Diploma in Management. As MD & CEO, he is set to lead South Indian Bank into an era of growth and innovation while respecting its rich legacy and core principles, offering an exciting road ahead for the Bank and its stakeholders.
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