private sector lender Karur Vysya Bank (KVB) on December 9 informed the stock exchanges on appointment of Ramshankar R as its next Chief Financial Officer (CFO). The appointment will come into effect from February 10, 2022, the bank said.
In addition to the CFO charge, Ramshankar would also hold the post of Key Managerial Personnel, the regulatory filing noted. He would replace the current CFO, M D Ramesh Murthy, who has resigned from his role and would be relieved following the conclusion of his notice period.
"The Board of Directors at its meeting held on 08th December 2021 has appointed Mr. Ramshankar R as Chief Financial Officer and Key Managerial Personnel of the Bank effective from 10th February 2022 consequent to the resignation of present incumbent Mr. MD Ramesh Murthy who will be relieved from the services of the bank after the notice period," KVB informed the BSE and the NSE.
Notably, Ramshankar has over 24 years of varied experience in finance, accounts and banking. He started his career in finance and accounts with India Motor Parts and Accessories Limited (TVS Group Company) in 1997, and moved the banking sector in 2002. He joined as a Credit Analyst in ING Vysya Bank, New Delhi and later moved to ICICI Bank in the national capital as Relationship Manager for wholesale banking.
Ramshankar joined KVB in 2012 and has handled retail, branch banking, divisional office administration, corporate banking before moving to Finance and Control Department of the bank reporting to CFO.
"His experience in handling credit relationships of SME, Mid and large corporate has given him thorough experience in financial analysis and interpretation of the financial statements of Banks, NBFCs etc," KVB said.