The Reserve Bank of India has approved the appointment of P R Seshadri as the Managing Director and chief executive officer of the Kerala-based South Indian Bank. The appointment will be for a period of three years with effect from October 1. 

• Prior to this, Seshadri had served as managing director and CEO of The Karur Vysya Bank (KVB), managing Director and Regional Sales and Distribution Head, Citibank (Asia Pacific), managing director and regional head of Lending, Businesses, Citibank among others.
• He is currently mentoring businesses both at an operating level as well as at the Board level at various companies.
• P R Seshadri has served as Citibank at various levels and geographies, and amongst other positions was the Managing Director & CEO of The Karur Vysya Bank Limited, the release added.