27 March 2024 – Murali Ramakrishnan, former MD & CEO of South Indian Bank, has embarked on a new journey as an external advisor with management consulting firm Bain & Company. Ramakrishnan revealed to Moneycontrol on March 27 that he would collaborate with Bain’s internal team to bolster the financial services practice.
In his part-time role, Ramakrishnan will lend his expertise to Bain, offering support whenever required by the financial services practice. Bain & Company, renowned globally for its consulting services across various industries, appointed Ramakrishnan in February.
Additionally, Ramakrishnan has assumed a part-time position at rating agency CARE Edge, serving as a member of the external rating supervisory committee for a two-year term starting March 1, 2024.
Ramakrishnan’s tenure at South Indian Bank concluded in September 2023, following his decision not to seek re-appointment due to personal reasons. During his tenure as MD & CEO, he aimed to transform South Indian Bank into a pan-India organization.
Addressing speculations about his departure, Ramakrishnan clarified that there were no differences with the bank’s board. He emphasized the board’s support for his strategies to expand the bank’s footprint across India.
Prior to his role at South Indian Bank, Ramakrishnan served as Senior General Manager at ICICI Bank, where he spearheaded a transformative project focused on small and medium-sized enterprises (SMEs).
Ramakrishnan’s transition to Bain & Company underscores his commitment to leveraging his extensive experience in the financial services sector to drive impactful strategies and initiatives.
