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 Yayavaram Sathyanarayana Prasad, MSc; CAIIB, joined as Chief Credit Officer & Business Head (Advances) in September 2023. Earlier he was General Manager in STATE BANK OF INDIA.
He has experience of over 33 years in various facets of Banking viz, Management Audit, Zonal Administration, Credit, Retail Credit, Forex, Merchant Banking & Capital Markets etc.
He is also a registered member of Data Base for Independendent Directors, of the Indian Institute of Corporate Affairs (IICA).