In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates.
FinTech BizNews Service
Mumbai, August 17, 2024: Tamilnad Mercantile Bank has appointed Shri. Salee Sukumaran Nair as the Managing Director & Chief Executive Officer. Reserve Bank of India vide its letter dated August 16, 2024, in terms of Section 35B of the Banking Regulation Act, 1949, approved the appointment of Shri. Salee Sukumaran Nair (DIN: 09231101) as the Managing Director & Chief Executive Officer of the Bank for a period of 3 years, from the date of assuming charge, subject to the approval of the Shareholders.
Shri. Salee Sukumaran Nair, a post graduate in Applied Electronics, started his banking career in the year 1987. He joined India’s largest public sector bank, State Bank of India as a Probationary Officer. In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates. He also had two assignments in the International Banking group of SBI, first at New York, USA and later heading the Australian Operations based at Sydney. He has also had a retail stint managing the branches of Rajasthan & Western Uttar Pradesh for the bank and was involved in the merging of State Bank of Bikaner & Jaipur with SBI.
He has extensive experience in managing stressed assets. He took over as Chief General Manager in the Stressed Asset Vertical of the Bank in July 2017, where he was engaged in resolving NPA through the restructuring / IBC/Compromise/ ARC Sale route. Subsequently, in April 2020, he took over the Stressed Assets Resolution Group as the Dy. Managing Director, a position he held until September 2021. In his term in the Stressed Assets Resolution Group of SBI, he oversaw the reduction of peak NPA of 10.96% to 4.90%. Subsequently, he took over as Dy. Managing Director in charge of SME, Agriculture & Financial inclusion vertical from September 2021 to July 2022. His last assignment was as Dy. Managing Director & Chief Credit Officer of SBI, till May 2024 and was responsible for managing the credit portfolio.
Salee Sukumaran Nair doesn’t have any relationship with any of the existing Directors of the Bank.
