The newly appointed Ms Subbalakashmi Shirali, who took over the charge as the new Managing Director & CEO of the leading bank of Maharashtra-TJSB Sahakari Bank, is aiming to create milestones in the years to come.
After taking charge on Thursday, talking to the Indian Cooperative, Ms Shirali said, “I am thankful to the board of directors who has given me such a big responsibility and will meet their expectations. This year, we are looking forward to achieving many milestones in taking the bank to newer heights”.
“We will open three branches in Madhya Pradesh and Maharashtra and they will be opened before the end of October. Services like digital account opening, and others are in the pipeline. We will upgrade ourselves with the new technology”, she added.
Shirali succeeded Sunil Sathe who played an important role in taking the bank to newer heights.
She is a senior level professional with over 35 years of Banking experience. During her banking tenure she has experience of handling various domains of banking ranging from Business Development, Credit Management, Risk Management, Information technology, Operations & Compliance and Branch operations.
She has completed her Post Graduation in Commerce from Mumbai University and has also attained professional certifications like CISA and CISM from ISACA, USA and CAIIB.
Shirali was the General Manager in SVC Bank and joined the TJSB Bank in November 2020. But in April 2021, she was promoted to the post of Chief General Manager.
Coming to Sathe, he joined Chief Manager (Credit) in the bank in 2001 and became the CEO in 2016. When he joined the bank in 2001, the business mix of the bank was Rs 700 crore and in 2016, when he became the CEO & MD, the business mix was Rs 12,879 crore but now as on 31st March 2023 it stood at Rs 20,954 crore.
In the 2021-22, FY, the bank earned a net profit of Rs 173 crore. Sathe has been credited with many feathers in his cap.