Suryoday Bank gets RBI approval for MD & CEO re-appointment

Suryoday Small Finance Bank Limited has received approval from the Reserve Bank of India (RBI) for the re-appointment of Baskar Babu Ramachandran as its managing director and chief executive officer. The re-appointment is for a further period of three years, effective from January 23, 2026, to January 22, 2029.

This decision follows earlier intimations from the bank concerning Ramachandran's re-appointment. The bank confirmed that Ramachandran is not related to any other director or key managerial personnel and is not debarred from holding office by any regulatory authority.

Ramachandran, 56, has served as MD & CEO since January 23, 2017, having previously promoted Suryoday Micro Finance Private Limited in 2008. He holds a bachelor's degree in mechanical engineering and an MBA, bringing extensive experience from the banking and finance sector, including prior associations with GE Capital Transportation Financial Services, HDFC Bank, and Cholamandalam.