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RBI approves appointment of Madhavan Menon as part-time chairman of CSB

Menon is currently the chairman and managing director of Thomas Cook India

T E Narasimhan  |  Chennai 

Catholic Syrian Bank, CSB, Fairfax, Prem Watsa, OPSB, SMEs
Catholic Syrian Bank

The RBI on Tuesday approved the appointment of as Part-time Chairman of the (CSB) for a period of one year from the date of appointment

Menon is currently the chairman and managing director of India.

Earlier, had nominated Menon and Sumit Maheshwari, MD & CEO of (owned by the Financial Holdings) to the board.

and FIH Mauritius Investments Ltd (FIH-M) entered into an investment agreement in February 2018. The agreement was modified on October 15, 2018, and pursuant to which, agreed to acquire shares of up to 51 per cent of the post issue paid-up capital of the bank.

First Published: Tue, April 02 2019. 22:12 IST
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