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 P. Ramesh Babu is a legal professional and a former banker with extensive experience in corporate & commercial laws, and insolvency resolution. He served with State Bank of India (SBI) for several decades, holding key roles including DGM at the time of his retirement. Post-retirement, he enrolled as an Advocate and has been actively practicing in corporate legal matters, insolvency, debt resolution, and writ jurisdiction. He currently provides legal advisory services to Insolvency Professionals and Company Secretaries, and leads a legal team operating from Hyderabad.
B.Sc., CAIIB, LL.B (OU), LL.M (Corporate & Financial Laws, Jindal Global University), Advanced Diploma in ADR (NALSAR)
Former SBI Officer; Retired as DGM. Post-2017, active legal practice in corporate & commercial laws, insolvency and debt resolution.
