About Us

Coastal Bank is the first Local Area Bank licensed by Reserve Bank of India in 1999 and commenced its operations from 27th December 1999. The Bank is proud of celebrating its existence for two decades.

Coastal Bank is directly regulated by Reserve Bank of India. The Bank is subjected to regulatory supervision and control. The Bank complies with all supervisory advices/guidance.

The Bank is subjected to regulatory prescriptions such as Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), External Benchmarking of loans etc.

Deposits of the customers are insured under Deposit and Insurance Scheme of DICGC, a wholly owned subsidiary of Reserve Bank of India.


Shri A N Appaiah (Independent Director)

Shri A N Appaiah , B.Sc.(Mathematics) and CAIIB. He has over 39 years of illustrious banking career. Joining as a Probationary Officer in State Bank of India (SBI) in 1978, he rose to the rank of a Chief General Manager. He was also Chairman of Foreign Exchange Dealers Association of India (FEDAI), Chairman of Foreign Exchange Dealers’ Association of India (FEDAI) and as Director on the Board of Primary Dealers’ Association of India (PDAI).

Shri Appaiah held various esteemed assignments in SBI which include 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 held varied assignments 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 Benchmark India Pvt Ltd (FBIL). He is appointed as a Director on the Board of Coastal Bank with effect from 18.05.2019.