G. Sreeram, who was Chief General Manager, Canara Bank, Mumbai Circle, is succeeding him.
Jayakumar rose from the cadre to the highest office and served the bank for more than 37 years in various capacities including Branch Head, Zonal Head, and General Manager in charge of HR, Administration, Credit, Risk Management, and Treasury.
He assumed charge as MD & CEO at a crucial juncture after the exit of Amitabh Chaturvedi.
The bank, during Jayakumar’s period, raised capital funds of Rs521crore. This helped it comply with the regulatory capital adequacy requirements. The bank underwent total reorganisation as a customer-focused branch-centric model and a series of customer-friendly products and technology services were introduced, a press release said.
He has worked towards developing a microfinance model to uplift the poor by working closely with the major NGOs and churches, particularly in Kerala.
The bank has recorded positive growth in all key areas. In the first three quarters of financial year 2014-15, it posted a net profit of Rs25.14 crore on cumulative basis.
Source : Thehindubusinessline