The RBI approval is subject to S. Ravindran, stepping down from his Directorships in Shriram Finance and Bandhan AMC Limited, prior to assuming charge
FinTech BizNews Service
Mumbai, March 1, 2024: Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tamilnad Mercantile Bank has today announced that Reserve Bank of India vide its letter dated February 29, 2024 has approved the appointment of S.Ravindran (DIN:09778966) as the Part-time Chairman of the Bank, with effect from February 29, 2024 till August 2, 2026.
The above approval is subject to S.Ravindran, stepping down from his Directorships in Shriram Finance and Bandhan AMC Limited, prior to assuming charge as the Part-time Chairman of the bank.
S.Ravindran aged 61 years, holds a bachelor’s degree in Commerce. In addition, he is also a Chartered Accountant and Cost Accountant. He has extensive work experience of 29 years at the Securities and Exchange Board of lndia (SEBI) and was Executive Director from August 2011 to May 2022. As Executive Director in SEBI handled all major Departments in SEBI and initiated / implemented various policy measures for development / regulation of securities markets relating to; Mutual Funds, Corporate Governance, Market Infrastructure Institutions and Market Intermediaries, Market Surveillance and Risk Management, IPOs, Accounting standers Disclosure and Transparency etc., Corporate restructuring, Takeovers, Buybacks, Delisting etc., and Commodity Derivatives Market. As Advisor to Central Bank of Bahrain (on Deputation from SEBI – from Jan 2005 to Jan 2010), drafted and implemented Bahrain’s Securities Market/Regulatory Framework as per International Standards and enabled Bahrain to enter into Multilateral MOU with IOSCO.
