The Tuticorin-based Tamilnad Mercantile Bank (TMB) Ltd has announced the appointment of Krishnan Sankarasubramaniam as the Managing Director and CEO with effect for three years. His appointment was approved by the Reserve Bank of India (RBI), pursuant to its letter of approval dated August 18, 2022.
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Krishnan Sankarasubramaniam Previous experiences:
- Krishnan served as the MD & CEO of Punjab & Sind Bank from September 4, 2020 to May 31, 2022. His tenure saw the transformation of the Bank across digital, IT, risk, compliance, monitoring, recovery, business development, and HR. He played a crucial role in the bank’s turnaround leading to the bank registering the highest ever profitin 2021-22.
- Krishnan was also the Executive Director of Canara Bank from April 1 2020 to September 3, 2020, before joining Punjab & Sind Bank. Before Canara Bank, he served as the Executive Director of Syndicate Bank between November 1, 2017, and March 31, 2020.
Krishnan, a Post Graduate in Commerce and a qualified Cost Accountant started his Banking career in January 1983 at Indian Bank. In a career spanning more than three decades, he gained expertise in almost all the key areas of banking. He headed vital verticals like risk management, information systems security, HR, etc. He was also Executive Secretary to the Board of Indian Bank. He is also a Certified Associate of the Indian Institute of Bankers (CAIIB).
Important takeaways for all competitive exams:
- Tamilnad Mercantile Bank Founded: 11 May 1921;
- Tamilnad Mercantile Bank Headquarters: Thoothukudi, Tamil Nadu.