Shri Sankar Balabhadrapatruni has been appointed as the Executive Director of Karur Vysya Bank for a three-year term, effective March 12, 2023. The appointment was approved by the Reserve Bank of India under Section 35B of the Banking Regulation Act, 1949. With over 35 years of experience in banking, Sankar has held significant leadership roles at the State Bank of India (SBI) and has a strong track record in managing stressed assets. As Deputy Managing Director, he has successfully managed Rs 82,000 crores worth of Non-Performing Assets (NPAs).
Sankar’s expertise spans various areas, including Small and Medium Enterprise (SME) business growth, risk management, internal auditors, and branch operations. His leadership experience will undoubtedly benefit Karur Vysya Bank, as he works to enhance the bank’s performance and growth. This appointment is a testament to Sankar’s capabilities and commitment to the banking sector.
As the new Executive Director, Sankar will be responsible for providing strategic guidance and oversight to the bank’s operations. His leadership will be crucial in driving the bank’s growth, improving risk management, and enhancing customers’ experience. With his extensive experience and expertise, Sankar is well-positioned to make a positive impact at Karur Vysya Bank.