Tamilnad Mercantile Bank gets new MD -; CEO

5 Sep 2022 , 08:52 AM

On Sunday, Krishnan Sankarasubramaniam, a seasoned banker, was appointed managing director and chief executive officer of Tamilnad Mercantile Bank Ltd, effective immediately.

Sankarasubramaniam succeeds K V Rama Moorthy, and the Reserve Bank of India has confirmed his appointment for a three-year term.

According to a bank statement, Sankarasubramaniam formerly served as the managing director and CEO of Punjab and Sind Bank.

He was a key player in the bank’s turnaround during his time there, which helped it post its highest-ever profit in 2021—2022.

Sankarasubramaniam, a Madurai Kamaraj University postgraduate in commerce and certified cost accountant had previously worked at Syndicate Bank as its executive director before joining Punjab and Sind Bank.

He was responsible for managing nearly all of Syndicate Bank’s portfolios as executive director, including corporate credit, integrated treasury, risk management, and compliance in addition to human resources.

Over the course of his three-decade career, Sankarasubramaniam developed knowledge in all of the major branches of banking. According to the statement, he oversaw a number of departments, including risk management, information systems security, and human resources.

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