Maharashtra based leading bank-TJSB Sahakari Bank’s CEO Sunil Sathe who was to retire on 31st May, got an extension of two years from the Reserve Bank of India.
Confirming the news, Sathe said, “Yes, I got the extension of two years from RBI as well as the board. I joined as Chief Manager (Credit) in the bank in 2001 and became the CEO in 2016. I have seen many ups and downs in the development of the bank and will lay efforts to take the bank to newer heights.
Under his leadership, the bank is growing well year after year. He has been credited with doing a commendable job during his tenure. According to the bank’s byelaws the CEO retirement age is 58.
The Bank has done remarkably well by earning the highest profit recorded by the Bank in its history of 49 years. The Bank has reported a net profit of Rs 163 Crore, up from Rs 120 crore in the 2020-21.