CSB Bank Limited at its board meeting, held on September 25, 2023, approved that based on the recommendation of the Nomination & Remuneration Committee and Risk Management Committee of the Board, the Board of Directors of the Bank, have appointed Mr. Ragesh M., who is currently holding the position of Head - Market Risk, as the Chief Risk Officer (interim) with effect from October 1, 2023, in place of Mr. Arvind K. Sharma, whose extended term as the Chief Risk Officer shall end at the close of office hours on September 30, 2023. Mr. Ragesh M. will hold the position of Chief Risk Officer (interim) simultaneously with the position of Head - Market Risk till the date of joining of a new Chief Risk Officer in the Bank or January 31, 2024, whichever is earlier. Mr. Ragesh M. will hold the position of Chief Risk Officer (interim) till the date of joining of new Chief Risk Officer in the Bank or January 31, 2024, whichever is earlier.

Mr. Ragesh M joined the Bank as a probationary officer on October 7, 1998, and is currently heading Market Risk in the Bank. Before moving to his current role of Head - Market Risk, he had served as Head - Wholesale Credit for 3 years. He was heading Strategy Department at the time of the listing of shares of the Bank in December 2019.

Prior to his 2-year stint in strategy, he had spent 16 years in finance and accounts department at various grades, from Asst. Manager to Asst. General Manager.

Mr. Ragesh M is a graduate in commerce and post graduate in Management from University of Calicut and is a Fellow member of the Institute of Cost Accountants of India. He holds Financial Risk Manager (FRM) certification of Global Association of Risk Professionals (GARP). He is also a Certified Associate of Indian Institute of Bankers (CAIIB) and holds Diploma in Business Finance from The Institute of Chartered Financial Analysts of India (ICFAI), Diploma in International Banking & Finance from Indian Institute of Banking and Finance (IIBF), Executive Diploma in Business Valuation from The Institute of Cost Accountants of India, Certified Credit Officer certification from Indian Institute of Banking and Finance (IIBF), Certificate in Commercial Credit certification from by Moody's Analytics, Certified Credit Research Analyst Certification from Association of International Wealth Management of India (AIWMI) and Certificate in Project Finance Certification from Equalifi.

He has successfully completed Executive Development Programme (EDP) in Financial Analytics and Executive Development Programme (EDP) in Leadership and Change Management from XLRI Jamshedpur.