RBI appoints Salee Sukumaran Nair as TMB CEO for a three-year term, replacing S. Krishnan.

The Reserve Bank of India (RBI) has appointed former State Bank of India (SBI) Deputy Managing Director Salee Sukumaran Nair as Tamilnad Mercantile Bank (TMB) CEO for a three-year term, subject to shareholder approval. Nair, with 35 years of banking experience, previously handled large corporates and international banking assignments and played a key role in reducing SBI's peak non-performing assets. His appointment follows the resignation of S. Krishnan and the rejection of proposed candidates by RBI.

August 16, 2024
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