Suryoday Small Finance Bank Limited announced the re-appointment of Baskar Babu Ramachandran as Managing Director and Chief Executive Officer of the Bank, with effect from January 23, 2023.
According to the company’s exchange filing, “we would like to inform that the Reserve Bank of India vide its letter dated December 26, 2022, has approved the re-appointment of Mr. Baskar Babu Ramachandran (DIN: 02303132), as the MD & CEO of the Bank for a further period of three (3) years, with effect from January 23, 2023 in terms of the provisions of Section 35B of the Banking Regulation Act, 1949.”
Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of the Bank. He has several years of experience in the banking and finance sector. Prior to co-founding Suryoday Micro Finance Private Limited, he was associated with various companies including GE Capital Transportation Financial Services Limited as the vice-president – quality and operations and HDFC Bank Limited as assistant vice president.
He holds a bachelor’s degree in mechanical engineering from the University of Madras and a master’s degree in business administration from the Pondicherry University. He has participated in the management development programme for strategic management for corporate leadership conducted by Indian Institute of Management, Calcutta.
Suryoday Small Finance Bank is a new age bank that was converted from a micro finance institution having served over a million customers since 2009.
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