Travancore Bank Gets New Chief

IAS Prelims 2023

CR Sasikumar has taken over as Managing Director of State Bank of Travancore (SBT), one of the associate banks of State Bank of India (SBI).

Sasikumar started his career as a probationary officer with SBI in 1978 and has since held several key assignments.

Prior to the present posting in SBT, he was Deputy Managing Director, Inspection & Management Audit, at SBI Corporate Centre in Hyderabad.

Assuming charge as SBT Managing Director, he said his immediate priority would be the management of non-performing assets (NPAs) and achieving a growth of ₹12,000 crore in advances and ₹16,000 crore in deposits, which the bank has set as its policy objective for 2016-17.