Canara Bank’s CGM appointed Deputy MD at IDBI Bank

The Board of Directors of IDBI Bank on Monday approved the appointment of Jayakumar S. Pillai as Deputy Managing Director on the Bank’s Board of Directors for a period of 3 years.

The bank said in a regulatory filing that Pillai’s appointment is effective from the date he assumed responsibility as specified in the RBI approval received in this regard.

IDBI Bank holds two positions as Deputy General Manager (DMD). She currently has one DMD – Suresh Khatanhar. Another Deputy Executive Director – Samuel Joseph Jabbarage – transferred to the National Bank for Infrastructure Finance and Development (NaBFID) as Deputy Director of Department (Lending and Project Finance) in early April 2023.

Bailey’s experience

Presently Pillai is working as Chief Executive Officer and Head of Department at Canara Bank, Mumbai. He has around 32 years of experience in a public sector bank.

“He has headed branches in various scales across different geographies and has rich experience in branch banking, retail resource mobilization, and credit delivery in sectors such as retail, agriculture, MSME and recovery.

“He has also served as Chief Executive Officer of Canara Bank UK operations for more than 4 years and has gained experience in international banking,” according to the regulatory filing.

Moreover, Pillai has also worked as a Ward Head in the Bank’s Mid-Corporate Credit Division at the Head Office. Served as Chairman of Bank Credit Committee in HO as well as Chairman of Credit Approval Committee of General Manager – thus gaining experience in sectors of RAM, Corporate Credit, Stressed Asset Handling