The Private Sector South Indian Bank said that the Reserve Bank of India (RBI) has given its approval to Murali Ramakrishnan to be the Managing Director (MD) and CEO of the bank. His appointment will be effective from October 1. Ramakrishnan retired from ICICI Bank on May 30, 2020 as Senior General Manager (Strategic Project Group).

He became Advisor to South Indian Bank on July 1, 2020. Kerala-based South Indian Bank told the stock market that RBI has approved the appointment of Murali Ramakrishnan as Managing Director and CEO of the bank for three years from October 1, 2020.