CSB Bank Limited has announced the outcome of its Board of Directors meeting held on Tuesday, March 11, 2025. The bank has informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) that it has proposed the reappointment of Mr. Biswamohan Mahapatra as an Independent Director for a second term.
CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 785 branches and more than 746 ATMs across India.
The recommendation for Mr. Mahapatra’s reappointment was made based on suggestions from the Nomination and Remuneration Committee (NRC). However, this reappointment is not yet final. It will only be confirmed after approval by the shareholders through a postal ballot.
Once approved by shareholders, Mr. Mahapatra’s second term as an Independent Director will begin from the date of his official appointment by the Board. His term will continue until August 2, 2029. Notably, he will not be required to retire by rotation during this term.
Mr. Biswamohan Mahapatra is a veteran banker with over 33 years of experience at the Reserve Bank of India (RBI). He retired as Executive Director in August 2014, where he was responsible for banking regulation and policy. He also played a key role in implementing Basel III regulations.
In addition to his role at RBI, Mr. Mahapatra participated in several key working groups and committees, often serving as their chairman or convener. After retirement, he acted as an advisor to RBI for the bank licensing process. He also led a Government of India task force for setting up the Resolution Corporation under the Indian Financial Code.
Mr. Mahapatra previously served on the CSB Bank Board from June 20, 2023, to June 14, 2024. During that time, he maintained his independence and had no relationship with other board members.
He holds a Master of Science in Management (Finance) from the Arthur D. Little Management Education Institute, Cambridge, USA. He also has an MBA in Finance from the University of Delhi and a Master’s in English Literature from Jawaharlal Nehru University (JNU).
CSB Bank has confirmed that Mr. Mahapatra meets all eligibility criteria to serve as a Director. He is not disqualified by any order from SEBI or any other authority and maintains complete independence from other directors of the bank.
