Jayakumar S. Pillai Appointed as Deputy Managing Director of IDBI Bank

Jayakumar S. Pillai Appointed as Deputy MD of IDBI Bank

IDBI Bank announced via an official filing that Jayakumar S. Pillai has been appointed as Deputy Managing Director on the bank’s Board. The appointment has been approved by the bank’s board of directors and is valid for a period of three years starting from the date he assumes office, as authorized by the RBI.

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Jayakumar S. Pillai Appointed as Deputy MD of IDBI Bank: Key Points

Jayakumar S. Pillai brings a wealth of experience to his new role, having worked for 32 years and 7 months at Canara Bank.
During his tenure, he has held leadership positions in various branches across different locations, gaining extensive expertise in branch banking, retail resource mobilization, credit delivery in sectors such as Retail, Agriculture, MSME, and Recovery.
Additionally, he served as the Chief Executive of Canara Bank’s UK operations for more than four years, where he gained valuable experience in international banking.
Furthermore, Pillai has served as the Wing Head in the Bank’s mid-corporate credit department at the Head Office.
He also held the positions of Chairman of the Bank’s Credit Committee at the Head Office and Chairman of the General Manager’s Credit approval committee, providing him with valuable insights into RAM sectors, Corporate Credit, and the handling of stressed assets.
Presently, he holds the position of Chief General Manager and Circle Head at Canara Bank, Mumbai.