VG Mathew, Managing Director and Chief Executive Officer of South Indian Bank is demitting from the position and office on September 30 due to his retirement. He led the Kerala-based bank for six years and will be succeeded by Murali Ramakrishnan.
Under Mathew’s tenure the total credit portfolio of the lender increased from Rs 36, 000 crore to Rs 65,000 crore, revealed the bank’s communiqué.
Earlier this month, the Reserve Bank of India okayed the appointment of Murali Ramakrishnan as the new Managing Director and CEO of South Indian Bank. His position will come into effect from October 1, 2020.
Prior to this appointment, Murali was part associated with the Strategic Project Group as Senior General Manager, ICICI Bank.
Earlier, he was the Chief Executive, ICICI-Hong Kong and Regional Head for North Asia, Sri Lanka, Middle East and Africa. He holds close to 34 years of experience in the industry and held several leadership roles in the banking businesses both in domestic and international markets.