Mr. PV Rao has more than 33 years of banking experience in India and Mauritius having worked for Syndicate Bank and IndusInd Bank in India prior to joining SBM Group. He has 20 years of experience in Treasury and has also worked in rural Agriculture and Retail Banking. Mr. Rao’s contribution to the SBM Group in his various roles for the past 8 years has been commendable. He was previously the Head of Financial Markets prior to taking up the role of Acting Chief Executive of SBM Bank (Mauritius) Ltd since August 2018. Mr. Rao joined the SBM Group in December 2010 as Head of Treasury for the Indian operations of SBM Bank (Mauritius) Ltd, posted at SBM Mumbai, a position he occupied until 2013. Mr. PV Rao is also an Executive Director on the Board of Directors of SBM Bank (Mauritius) Ltd.
Following his appointment as CE of SBM Bank (Mauritius) Ltd, Mr. PV Rao stated: « It is with great pride and honour that I have accepted the role of Chief Executive at the Bank. The challenge ahead is a big one for all of us. We all know and sense how fast our industry is changing with digitalisation and other factors. The time pressure is on and the expectations are high from all sides. I trust in the ability of the bank and its many talents for we have already achieved a lot and I believe that only when we demonstrate teamwork as well as a fighting spirit, will we be able to achieve our most important goals. »