C VR Rajendran, the current AMFI CEO is likely to take up this new role. However, the final appointment could take some more time.
RBI has approved the appointment of AMFI CEO, C VR Rajendran as the new MD &CEO of Catholic Syrian Bank. He will be appointed for a tenure of three years.
However, Rajendran has not put in his papers. Rajendran told Cafemutual that he is likely to take up the new role. He further told that his appointment will take time as the board of the bank has to take a final call on his appointment.
Rajendran was earlier the Chairman and Managing Director of Andhra Bank. Prior to this, he was the Executive Director at Bank of Maharashtra. He has held key position in many financial institutions like Asian Development Bank, Corporation Bank and MCX Stock Exchange. He joined banking sector in 1978 as an Officer with Corporation Bank.
Rajendran has succeeded HN Sinor, having taken charge as the CEO of AMFI on September 16, 2015.
During his tenure, the mutual fund industry has had to deal with sweeping regulatory changes and a challenging business environment. However, the industry has witnessed growth of 23% in its AUM i.e. from Rs.13.24 lakh crore in October 2015 to Rs.16.28 lakh crore October 2016.
