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Hyderabad, November 17, 2008: Suresh Gurumani, a banking and financial sector veteran, has been appointed the  CEO of SKS Microfinance, India's largest microfinance institution.

A Chartered Accountant , Gurumani brings with him 22 years of experience in Banking & Finance with significant stints with leading banks like Standard Chartered and Barclays with special focus on SME banking. Prior to joining SKS Microfinance, Gurumani was the Director, Consumer Banking at Barclays, where he has done pioneering work on mobile banking, retail banking and consumer products.

"SKS has reached a stage in its evolution where it needs a CEO with Gurumani's vast experience in banking. He will be responsible for the day to day management of SKS Operations. Under his leadership, SKS will scale new heights," said Vikram Akula, Founder, SKS Microfinance.