TMB appoints S Krishnan as MD-CEO
CHENNAI: The Board of Directors of Tamilnad Mercantile Bank, pursuant to its resolution, has appointed veteran banker Krishnan Sankarasubramaniam (aka S Krishnan) as the MD-CEO with effect from September 4, 2022 as term of the incumbent MD-CEO KV Rama Moorthy ended on September 3, 2022.
The appointment of Krishnan for three years has been approved by the RBI, pursuant to its letter of approval dated August 18, 2022. Before this, Krishnan was the MD-CEO of Punjab and Sind Bank. He was also the ED at Canara Bank and Syndicate Bank.
Krishnan started his banking career in January 1983 at Indian Bank. In a career spanning over three decades, he gained expertise in almost all the key areas of banking. Tamilnad Mercantile Bank has raised Rs 363.53 cr from anchor investors ahead of its initial public offering share sale, which opens for public subscription today and concludes on Wednesday (September, 7 2022).