The Reserve Bank of India on Aug 17 approved the appointment of P R Seshadri as Managing Director and CEO of South Indian Bank for a three-year term beginning October 1, 2023.

According to the company's notification to the Bombay Stock Exchange, he has significant experience in enterprise-level management and in the management of all key commercial banking business lines, as well as substantial experience in successfully managing investors, boards, and regulatory relationships in multiple geographies.

Seshadri has held positions such as MD & CEO of The Karur Vysya Bank Limited (KVB), MD & Regional Sales and Distribution Head, Citibank N.A., Asia Pacific, Singapore, MD & Regional Head of Lending, Businesses, Citibank N.A., Asia Pacific, Singapore, MD & Regional Head of Lending, Businesses, Citibank N.A., Asia Pacific, Singapore, MD & Regional Head of Lending, Businesses, Citibank N.A., Asia MD CitiFinancial Consumer Finance India Limited (CCFIL), India; Marketing Director, Citibank N.A, India Branches; Head of Structured Finance & MD, CFRSIL & Integration Manager - Associates India Limited; Head of Banking Collections, Citibank N.A, India; Head of Automobile Finance - Northern India; Head of Community Banking, Northern India; and Mortgage Business, Head - Southern India, Citi India.

He is currently mentoring businesses at both the operational and Board levels at several companies and he has a Bachelor’s degree in Electrical Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Management from Indian Institute of Management, Bangalore.