Coastal Bank is the first Local Area Bank licensed by Reserve Bank of India in 1999 and commenced its operations from 27th December 1999. The Bank is proud of celebrating its existence for two decades.
Coastal Bank is directly regulated by Reserve Bank of India. The Bank is subjected to regulatory supervision and control. The Bank complies with all supervisory advices/guidance.
The Bank is subjected to regulatory prescriptions such as Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), External Benchmarking of loans etc.
Deposits of the customers are insured under Deposit and Insurance Scheme of DICGC, a wholly owned subsidiary of Reserve Bank of India.
Shri K. V. Maruthi Rao joined the Bank in March 2025 and currently serves as the General Manager & Chief Credit Officer. He brings with him over 36 years of distinguished experience from the State Bank of India, spanning key domains such as Personal & Retail Banking, Credit Management, Human Resources, and Banking Operations.
During his tenure at SBI, Shri Maruthi Rao held several significant leadership positions, including Deputy General Manager, PBBU & Cross Selling; Regional Manager, Warangal, Telangana; Head of the Banking Operations Department at LHO, Hyderabad; and Head of RACPC, Hyderabad.
He played a pivotal role in strengthening the Personal Loan portfolio in the Chennai Circle, achieving a noteworthy reduction in NPAs. As the head of a Region, he efficiently managed business operations of over ?4,500 crore across 50 branches.
In his role as Head of CPC, he introduced innovative retail marketing initiatives, enhanced collaboration with the Marketing team, conducted successful builder meets, and established strategic alliances with auto dealers. These efforts significantly boosted customer acquisition and contributed to robust business growth.
