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                                  Board of Directors

Shri K  Venkataraman (Chairman)

 

Shri K. Venkataraman, 64 is a Master of Science in Agriculture and also a Fellow of Indian Institute of Bankers.

 

He has a very successful banking career having joined as a Probationary Officer in SBI in September 1978 and having worked in various assignments there including and later as a Chief General Manager in State Bank of India till May 2011.   His assignments in SBI include CGM of International Banking Group, Mumbai from February ’08 till February ’11.  He then joined and worked as Managing Director of Karur Vysya Bank Ltd from May 2011 to August 2017.

 

He has handled the assignments as Vice-President (Credit & Operations), Treasury and Funding operations, ALM and Investment Banking and Loan syndication for four years in Japan in SBI.  He has also handled Merchant Banking at SBI Corporate centre, Mumbai for more than two years.

 

Responsibilities being handled (ex-officio), other than those in the Bank:

(i)

 Chairman, Foreign Exchange Dealers Association of

 India (FEDAI)

 - Feb ’08 to Oct ‘10
(ii)

 Member, Commission on Banking Techniques and Practice,

 International Chamber of Commerce, Paris

 - Feb ’08 to Feb ‘11
(iii)

 Member, Executive Committee, International Chamber of

 Commerce, India

 - Feb ’08 to Feb ‘11
(iv)

 Group Head of India, Indo- Bangladesh Joint Commission -

 Banking Sub-Group

 - Feb ’08 to Feb ‘11
(v)  Member, Indo-Russian Banking Sub-Group  - Feb ’08 to Feb ‘11

 

He has successfully lead Karur Vysya Bank Ltd., to greater business levels as Managing Director for more than six years till August 2017.

 

He has joined Coastal Bank as Addl. Director on 16.12.2017 and has assumed charge as Chairman of the Bank from 1.11.2018.

 

 

Shri B. Venu Gopala Reddy (MD & CEO)

Shri B. Venu Gopala Reddy, 60, B Com, PGDM, CAIIB is a professional banker with over 36 years of experience with State Bank of India (SBI), the largest commercial bank in India and ranked among the top 50 Global Banks. He hails from a farming family in Krishna District. He has completed his graduation in Commerce from Andhra Loyola College, Vijayawada, Post-Graduation in Management from IIPM, New Delhi and completed CAIIB after joining banking service.

He joined SBI as a P O in 1981 and was elevated to the position of Chief General Manager (CGM). He has rich and varied experience in diverse fields of banking, such as Treasury, Investment banking, Corporate finance, MSME credit, Agriculture finance, Retail operations and Financial inclusion in different geographies, including Singapore. He specialised in Treasury operations and headed Global Markets of SBI, overseeing its investment portfolio of over Rs.4 trillion. He headed the Retail operations of SBI in Odisha as CGM of Bhubaneswar Circle before retiring in March'18. He worked as Visiting Professor at NIBM, Pune until taking up a career @ Coastal Bank.

He served as Chairman of Foreign Exchange Dealers Association of India (2014-15), Vice-Chairman of Fixed Income Money Market & Derivatives Association of India (2008-10) and as an Independent Director (2018-19) on the Board of Capital Region Urban Transport, Bhubaneswar, a SPV promoted by Government of Odisha.

He joined Coastal Bank as President & COO on 18-01-2019 and assumed charge as MD & CEO on 25-01-2019.

 

Shri B S Purshotham (Independent Director)

B Sai Purshotham (55), B.Com., FCA, is appointed to the Board on 25th March 2019. He is a Chartered Accountant with over 32 years’ standing and is Senior Partner of B. Purushottam & Co. His professional experience encompasses auditing & assurance and business/management advisory services to diverse mix of corporate clients including banking and Public sector enterprises. He is also active in the field of tax representation and appearance before Income Tax Appellate authorities. He is an active member of the global association of accounting firms, Integra International.

Shri A N Appaiah (Independent Director)

 

Shri A N Appaiah (61), B.Sc.(Mathematics) and CAIIB. He has over 39 years of illustrious banking career. Joining as a PO in SBI in 1978, he rose to the rank of a Chief General Manager and held various important assignments in Treasury (Forex & money markets), retail and commercial banking. He has vast experience in foreign exchange as Treasury Head @ Frankfurt, Chief Dealer of Foreign Dept. @ Kolkata and DGM(forex) @ Global Markets, Mumbai. In the retail banking he functioned at various levels in different geographies as Regional Head @ Raipur, AGM of Commercial Branch, General Manager of a Network (of 500 branches) @ Hyderabad and Chief General Manager of Ahmedabad Circle controlling over 1200 branches. He was appointed in 2015 as MD&CEO of SBI DFHI Ltd, a Primary Dealer for the RBI, with operations in Govt. Securities, Bonds and Debt instruments. Post retirement in 2017, he is actively engaged in Social work with focus on rural education & health, as a volunteer for an NGO in Tamil Nadu. He is currently a Director on the Board of Financial Benchmarks of India. He also held the positions as Chairman of FEDAI, Chairman of FAI and as Director on the Board of PDAI. He is appointed as a Director  on the Board on 18.05.2019.

Shri Balaji Gopalakrishnan (Independent Director)

 

Shri Balaji Gopalakrishnan (47) was a Managing Director at Credit Suisse, New York from 2004 through 2018. Before that he was in Goldman Sachs for several years. Mr. Gopalakrishnan has a Masters in Electrical Engineering from Polytechnic University of New York (NYU) and a Bachelors in Engineering from Coimbatore Institute of Technology. He has extensive experience in modelling, trading and marketing of various financial products and complex securities. He is also a Chartered Financial Analyst (CFA). He is appointed as a Director on the Board w.e.f. 12.06.2019.

 

COASTAL LOCAL AREA BANK LIMITED, Member of DICGC
Registered Office: D.No. 59-14-2A, 3rd Floor, Santhi Plaza, Ring Road, Gayatrinagar, Near Benz Circle, Vijayawada - 520 008.
 
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