Seshadri succeeds K Venkataraman who has been leading the bank for more than six years. Seshadri took over the new responsibility at the bank's office today, a statement issued from the bank said.
The tags can be reloaded as and when required and tags are valid at all toll lazas throughout the country, Venkataraman said.
If subsidiaries are set up and the foreign banks want to give competition to Indian banks there are challenges because it is not going to be that easy, says K Venkataraman, MD & CEO, Karur Vysya Bank.
In an interview to CNBC-TV18, K Venkataraman, MD & CEO, Karur Vysya Bank speaks about the company's fund raising plans and the approval of Rs 1,000 crore QIP (qualified institutional placement).
K Venkataram, managing director and chief executive officer, Karur Vysya Bank says he doesn‘t expect to see any bad loans from the textile companies.
Karur Vysya Bank aims to generate a total business of Rs 72,000 crore during the current financial year.
In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro today appointed K Venkataraman as its CEO and Managing Director, while its current chief A M Naik would remain Executive Chairman for the next five years.
K Venkataraman, managing director and chief executive officer, Karur Vysya Bank expects to maintain asset quality going forward.