Parvataneni VenkateswaraRao CEO State Bank of Mauritius

The second largest bank in the Mauritius, State Bank of Mauritius appointed Parvateneni Venkateswara Rao, as Acting Chief Executive Officer who takes the reins left by Raj Dussoye, the Chief Executive Officer who submitted his resignation last month.

In the SBM Bank circles, it is explained that the rise of Parvateneni Venkateswara Rao is logical and natural. In the absence of Raj Dussoye, he was in charge of the day-to-day management of SBM Bank. Before the formalization of his new responsibilities, Parvateneni Venkateswara Rao held the position of Head of Financial Markets within the bank. If the appointment of Parvateneni Venkateswara Rao brings stability, nothing is yet decided on the final choice of the CEO.

With more than 33 years of banking experience, Mr P. V. Rao joined the SBM 6 years ago. Formerly, he worked for Syndicate Bank and IndusInd Bank in India. Mr P.V. Rao has almost 20 years of experience in Treasury and also served in rural Agriculture and Retail Banking.

SBM, together with its subsidiary businesses in Kenya, Mauritius, Madagascar and India, is known as SBM Group. The stock of the group is listed on the Stock Exchange of Mauritius and is owned by nearly 17,000 domestic and International shareholders. SBM has more than 1,200 employees and services over 340,000 customers through its network of 48 service units and counters in Mauritius, India, Kenya and Madagascar.

Comments

MANU B V said…

Congratulations sir

Thursday, April 25, 2019 2:26:00 PM

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