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 Balaji Gopalakrishnan is an accomplished finance professional with deep experience in the areas of trading, risk management, and technology. He has worked at a number of premier financial institutions for over 25 years including Goldman Sachs and Credit Suisse. He has an MS in Electrical Engineering from Polytechnic University (NYU/Tandon School of Engineering) and is a Chartered Financial Analyst. He spends his time between Brooklyn, New York, and Winston-Salem, North Carolina.
