P.R. Seshadri has assumed charge as MD and CEO of Karur Vysya Bank. He succeeds K. Venkataraman, who has laid down office on 31 August. Seshadri, a senior banker with over 25 years’ experience, started his banking career with Citibank in early 1992. He has served in various capacities including MD of Citi Financial Consumer Finance and Citi Financial Retail Services India till 2005. He moved to Singapore in 2005 as MD and regional head of the bank’s retail banking and lending businesses for Asia Pacific region. Subsequently, he joined BFC Bank, London as its CEO. He is an alumnus of IIM, Bangalore and Delhi College of Engineering.