Salee Sukumaran Nair is approved by RBI to serve as Tamilnad Mercantile Bank's MD and CEO.

Salee Sukumaran Nair has been appointed to the position of Managing Director and CEO of Tamilnad Mercantile Bank for a period of three years, with approval from the RBI. Nair, a seasoned banker with more than 35 years of SBI experience, has held positions in foreign operations and stressed asset management.Salee Sukumaran Nair has been appointed as the Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank (TMB) for a three-year term, with approval from the Reserve Bank of India (RBI). Nair, a seasoned banker with more than 35 years of experience, is taking on this position after serving as the State Bank of India's (SBI) chief credit officer and deputy managing director. Following the RBI's previous rejection of suggested candidates, the bank was temporarily run by a three-person Committee of Executives (COEs) until his appointment.

Overview of Background and Career Career in Banking: Nair started off as a probationary officer in the State Bank of India in 1987. He has managed big corporate clients in a variety of roles over the years, most notably in the Corporate Accounts Group. International Experience: He was assigned to New York and Sydney, where he oversaw the Australian operations, while working for SBI's International Banking Group. Branch Management: Nair was instrumental in the State Bank of Bikaner & Jaipur's merger with SBI. He has overseen branches throughout Rajasthan and Western Uttar Pradesh.Stressful Management of Assets Leading in Stressed Assets: Nair has a great deal of expertise in handling assets under stress. Beginning in July 2017, he served as Chief General Manager of SBI's Stressed Asset Vertical, where he oversaw the resolution of Non-Performing Assets (NPAs) via a range of tactics, including as restructuring and ARC sales. NPA reduction: He was effective in bringing SBI's peak NPAs down from 10.96% to 4.90% during his tenure. Additional Positions: Nair oversaw SME, agriculture, and financial inclusion as Deputy Managing Director from September 2021 to July 2022. Later on, he rose to the position of SBI Chief Credit Officer and Deputy Managing Director.