Krishnamurthy has been associated with the bank for the past one year and was previously responsible for corporate banking, SME business and the integrated treasury operations of the Bank as its Head of Wholesale Banking and Treasury.
“We welcome the appointment of Mr. Anand Krishnamurthy as the Managing Director & CEO of the Bank. As MD & CEO, Mr. Anand will continue to focus on initiatives to transform ourselves into a full service contemporary bank,” said S. Santhanakrishnan, part-time Chairman of, CSB.
Krishnamurthy replaced Rakesh Bhatia who had quit earlier this year citing personal reason. After this, the board of directors had sent a panel of three names to Reserve Bank of India out of which they had maintained that Krishnamurthy was the first choice.
Recently, CSB had filed for an Initial Public Offering for Rs 400 crore. Apart from CSB, RBL has also filed for an IPO. Both the lenders have been advised by the Reserve Bank of India over the past few years to gear up for an IPO.
The P J Nayak committee report on governance issues of banks, which came out last year, had said the two lenders must list by December 2014.