MAM
South Indian Bank welcomes P R Seshadri as new MD & CEO
Mumbai: South Indian Bank (SIB), one of India’s leading private sector banks with over a nine-decade legacy has appointed P R Seshadri as its MD & CEO effective 1 October 2023. He will succeed Murali Ramakrishnan who served a successful tenure from 1 October 2020 till 30 September 2023.
With nearly 25 years of banking experience spanning domestic and international markets, P R Seshadri has held senior leadership positions at prestigious institutions, including Karur Vysya Bank Ltd and Citigroup. His leadership, marked by scaling, optimizing, growing, and transforming businesses, has earned him respect and acclaim within the industry. His career trajectory underscores his ability to drive sustained growth, emphasizing the adoption of digital operational frameworks and innovative solutions to meet the unique demands of the Indian market. Prior to joining SIB, Seshadri was associated with the Karur Vysya Bank (KVB) in a similar role.
Welcoming the incoming MD & CEO, executive vice president and chief business officer Thomas Joseph K, said, “Embracing a new era of leadership, we proudly welcome Mr. Seshadri to lead our institution. With a proven track record and a visionary approach, he embodies the future of banking excellence. His expertise will guide us towards greater heights, paving the way for success and prosperity for our valued clients and stakeholders. Together, we anticipate exploring new frontiers in finance and redefining growth through a customer-centric ethos.”
Commenting on his appointment,South Indian Bank MD and CEO P R Seshadri said, “Leading South Indian Bank is a privilege as we embark on a growth journey, leveraging technology while upholding our business values and rich heritage. I am enthusiastic about collaborating with the Bank’s talented professionals to build upon the legacy. Together, we will navigate the evolving financial landscape, delivering innovative solutions and unparalleled service to our clients.”
P R Seshadri is an electrical engineer and holds a Post Graduate Diploma in management from IIM Bangalore. In his new role as MD & CEO, he is poised to lead South Indian Bank into an era of growth and innovation, while upholding its rich legacy and core values, promising an exciting journey ahead for the Bank and its stakeholders.
MAM
Sameer Nair shares heartfelt note as he exits Applause Entertainment
After nine years building the streamer’s content engine, one of India’s best-known TV men is moving on
MUMBAI: Sameer Nair is out. The chief executive of Applause Entertainment, the content studio backed by Kumar Mangalam Birla’s media empire, has announced his departure after nearly nine years at the helm, closing the chapter on one of Indian entertainment’s more quietly consequential careers.
Nair, who built Applause from the ground up in its current avatar, oversaw a slate that spanned Indian originals and international adaptations, threading together a hub-and-spoke business model that partnered with streaming platforms, broadcasters and production houses alike. The results were uneven, as they always are in content, but the ambition was not.
In a post on LinkedIn, Nair was generous to his outgoing patron. He thanked Birla for being an “inspirational boss and a great patron of the arts,” and signed off with a cheerful “Au Revoir” and a promise to remain Applause’s biggest cheerleader. Whether that sentiment survives the next chapter remains to be seen.
No successor has been named. Applause Entertainment did not immediately comment.
Nair built the machine. Now someone else has to run it — and in a streaming market that is simultaneously consolidating and convulsing, that is no small ask.
