Board Of Directors
Mr. Rakesh Alamanda
Director
Mr. Rakesh Alamanda journey from a young post graduate to a successful entrepreneur, His exceptional work ethic, leadership skills, and passion for innovation have made him one of the most respected figures in the financial industry. His passion for the finance industry and his exceptional leadership skills helped him to become one of the youngest entrepreneurs in the sector. His last assignment is with Peoples Cooperative Society, as a Founder CEO who has brought about an incredible transformation in the organization’s growth and development. He joined as a first employee in the society, with in three months the turnover was 35 lakhs, his exceptional skills have ensured organization to flourished state, and it now boasts a turnover of 240 crores with 51,000+ customer base. Mr. Rakesh is a remarkable individual who has made a significant impact on the growth and development of each organisation he worked with. Under his visionary leadership, the organisations saw unprecedented growth and has shown great impact on every employee worked under his leadership, with this organisation has shown significant increase in revenue and customer base during his tenure. In recognition of his contributions to the cooperative sector, Mr. Rakesh has been appointed as a Director in the Andhra Pradesh State Cooperative Urban Banks Federation. Mr Rakesh with a vision to serve many under privileged families through NBFC he has taken over the existing NBFC which is registered in 2016 to fulfil his dream of serving more.
Venkata Rangaiah Tirunagaram
The Tech-Savvy Banking Maestro
In the ever-evolving landscape of banking technology, one name stands out as a beacon of innovation and expertise: Venkata Rangaiah Tirunagaram. With a career spanning decades, Venkata has left an indelible mark on the industry, earning him the title of Asst General Manager and IT Head at Coastal Bank.
Venkata’s journey began as an EDP data processor and programmer in COBOL, where he honed his skills in data management and programming. Over the years, he seamlessly transitioned into supervisory roles, mastering the intricacies of financial analysis and credit monitoring in a Nationalized Bank.
However, it was his foray into Information Systems that truly showcased Venkata’s prowess. From IS Auditor to AGM of a Government Bank’s Data Centre, he spearheaded critical projects ensuring high availability, data integrity, and confidentiality across all branches. His role wasn’t just about overseeing operations; it was about orchestrating a symphony of technology, compliance, and customer service.
But Venkata’s impact extends beyond the confines of traditional banking. As the Co-ordinator for various projects, including the migration to Core Banking Solutions and the development of Electronic Voucher Verification systems, he demonstrated a knack for innovation and project management.
Certified in CISA, PMP, and a CeISB, Venkata’s dedication to continuous learning is evident. His educational background in Finance, Computer Applications, and Personnel Management serves as a solid foundation for his multifaceted role.
When it comes to IT, Venkata is a polymath. From programming languages like Python, Perl, to database management systems like Oracle/SQL, he navigates the digital realm with finesse, ensuring that Coastal Bank remains at the forefront of technological innovation.
Beyond the accolades and certifications lies a humble individual, dedicated to pushing the boundaries of what’s possible in banking technology. Venkata Rangaiah Tirunagaram isn’t just a name; he’s a testament to the transformative power of expertise and passion in shaping the future of banking.
V.V. Ramana Rao
A Legacy of Excellence in Banking
With over 50 years of distinguished service, V.V. Ramana Rao stands as a pillar of the Indian banking industry. His illustrious career began with a B.Com from Andhra University in 1972 and Part I of CAIIB from the Indian Institute of Bankers. Rising through the ranks, Rao retired as Deputy General Manager of Indian Bank in 2012, leaving a legacy marked by innovation and dedication.
As Chairman of Saptagiri Grameena Bank, he doubled its business within three years and led it to become a pioneer in implementing Core Banking Solutions. His tenure saw the bank achieve remarkable productivity and near-zero NPAs. Later, as Managing Director of The Coastal Local Area Bank Limited, he spearheaded financial inclusion initiatives and significantly increased the bank’s network and profitability.
Rao’s expertise extends beyond his executive roles, contributing as a consultant to several cooperative banks and serving as a guest faculty at various training institutes. His commitment to rural and industrial credit has earned him numerous accolades, including the prestigious Rolling Silver Shield for Best Management of a Rural Branch.
Now a consultant for Telangana State Co-operative Apex Bank Limited, Rao continues to impart his vast knowledge, enhancing credit portfolios and fostering development. His contributions have left an indelible mark on the banking sector, inspiring future generations of banking professionals.
