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 Indrajit Bardhan is a Strategic executive and business leader with 25+ years of experience in Prime Services and broader Equities driving commercial outcomes at three major institutions – Credit Suisse, Merill Lynch and Goldman Sachs.
Long career includes managing risk and trading, building and restructuring businesses and helping Banks through the financial crisis. Extensive product knowledge in all aspects of prime brokerage, clearing, Delta 1 execution and financing, broad client network among hedge funds, industry – leading expertise in Bank funding and capital considerations.
Strengths include exceptional people leadership skills, a collaborative spirit, the ability to make balanced decisions and engender loyalty. Robust internal and external network.
