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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 Biplab K. Das

 

Shri Biplab K. Das, 60, has served in a multitude of strategic functions in Private, Corporate and Investment banking, in virtually all major financial centers of the world- New York, Toronto, Zurich, Basel, Hong Kong, Singapore and Channel Islands - during his long career with two of Switzerland’s largest global banks. In his last assignment as a Director at Credit Suisse, Biplab was instrumental in the structuring, and worldwide distribution of some of the world’s most successful Microfinance and Base of the Pyramid investment products.

 

An MBA (1978) from New York University, Biplab is a member of the advisory boards of JfC- a UK-funded support group for social entrepreneurs and BJS – a non-profit MFI based in Kolkata. He has also volunteered in East Africa for a global Microfinance Institution.

 

He joined the Bank as Director in February 2011. He has taken charge as Part-time non-executive chairman of the Bank w.e.f 15-12-2011.

 

 

 

Shri B V V Rajeswara Rao

Shri B V V Rajeswara Rao, M.A. C.A.I.I.B. is banker with more than 35 years of experience in State Bank of India.  He has specialisation in lending to SME and Retail Banking. He was on the Boards of Associate banks between 1997 and 2000.

He joined State Bank of India as Probationary Officer in 1972 and worked as Field Officer, Branch Manager, Lead Bank Officer, Manager and Chief Manager.  He was special secretary to CGM, Hyderabad – Driving Image building process through community services and innovative banking practices.  He worked as AGM, Vijayawada and Regional Manager, Vijayawada.  He also worked as Deputy General Manager, Zonal Office, Mumbai and Corporate Centre Mumbai.  He worked as DGM & Senior Faculty, State Bank Staff College, Hyderabad.

Sri B V V Rajeswara Rao joined the Coastal Bank as Director in August 2013.

 

 

 

Shri B S Purshotham

Shri Batchu Sai Purshotham, 55 yrs, B.Com., Fellow Member of the Institute of Chartered Accountants of India – 1987, is a graduate in commerce and a qualified Chartered Accountant. He has over 32 years of vast experience in Audit and Taxation of various companies, both listed and unlisted. He made presentations to the Audit Committees of Public Sector Undertakings such as IOC, Chennai Refineries Ltd, MMTC, TNPL, Madras Fertilizers and Banks such as Syndicate Bank, Vijaya Bank, Indian Bank and Oriental Bank of Commerce.  He presented papers and addressed bankers and Chartered Accountants on Bank audits and prudential norms of income recognition and Asset classification.  He specializes in resolution of tax disputes by appearing before Appellate Tribunals of Income Tax. Currently he is a Managing Partner in B. Purushottam & Co, a well established and reputed Chartered Accountants’ firm, Chennai. 

His wisdom and exposure to various financial accounting, audit and taxation will help the bank go a long way in audit, tax and financial compliances.  He has been inducted in the bank’s Board as Additional Director on 25-03-2019.

 

 

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.

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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