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Mr. K. V. Kamath

  • Chairman

Mr. K. V. Kamath is an Indian banker having started his career in 1971 at ICICI. In 1988, he moved to the Asian Development Bank and spent several years in South East Asia before returning to the ICICI as its Managing Director and CEO in 1996 and post its merger into ICICI Bank, was Managing Director and CEO of ICICI Bank. Under his leadership, ICICI transformed itself into a diversified, technology-driven financial services group across banking, insurance and asset management in India, and a global presence. He retired as Managing Director and CEO in 2009 and continued as the Chairman of ICICI Bank till 2015. Mr. Kamath has served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020. He is the non-executive Chairman of Reliance Strategic Investments Limited effective November 14, 2022.

Mr. Kamath was awarded the Padma Bhushan, one of India’s highest civilian honours in 2008.

Mr. Kamath is a mechanical engineer and completed his postgraduation in business administration from the Indian Institute of Management, Ahmedabad.

Ms. Aruna Sundararajan

  • Independent Director

Ms. Aruna Sundararajan has served as the Secretary to the Government of India in the Ministries of Steel, IT and Telecom and the Chairperson of the Digital Communications Commission. During her tenure, she pioneered important tech policies and initiatives across the domains of telecom and hardware manufacturing, e-governance, digital payments, data protection, cyber security, and tech start-ups. She serves on the Board of Directors of leading companies such as Delhivery and Bharat FIH, Cochin International Airport, and Digi Vriddhi.She is also an active member of various tech mentoring and angel financing initiatives.

Mr. B. Sriram

  • Independent Director

Mr. B. Sriram is an Honours Graduate and a Master’s Degree holder in Physics from St Stephen's College, Delhi University. He is also a Certificated Associate of the Indian Institute of Banking & Finance (formerly The Indian Institute of Bankers), Mumbai. He holds a Diploma in International Law & Diplomacy from the Indian Academy of International Law & Diplomacy, New Delhi and an AIMA Diploma in Management from the All India Management Association, New Delhi.

Mr. Sriram has held several key executive positions in his career including the following:

• Managing Director & CEO, IDBI Bank Ltd from June 30, 2018, to September 29, 2018.

• Managing Director, State Bank of India from July 2014 to June 2018.

• Managing Director, State Bank of Bikaner & Jaipur from March 2013 to July 2014.

Mr Sriram has an experience of more than 37 years in the banking industry with exposure to sectors such as credit and risk, retail, operations, IT, treasury, investment banking, international operations, payment and settlement systems, and small-scale industry. He has held several key executive positions, including MD and CEO of IDBI Bank and MD of State Bank of India. He is also a part-time member of the Insolvency and Bankruptcy Board of India, and a member of the External Investment Committee of British International Investment, UK. Mr. Sriram serves as an Independent Director on the board of several companies and has also taken on a few advisory positions.

 
 

Mr. T. N. Manoharan

  • Independent Director

Mr. T.N. Manoharan is a Chartered Accountant with 39 years of experience and the founder of "Manohar Chowdhry & Associates". He has served as President of the Institute of Chartered Accountants of India, Director of Sahara India Finance Corporation, and Member of the Board of Insurance Regulatory & Development Authority. He is also a Director on the boards of Tech Mahindra Limited, Mahindra & Mahindra Limited, and Tech Mahindra America, and a member of the Standing External Advisory Committee for the RBI. Mr. Manoharan has expertise in a variety of fields including accountancy, economics, and banking, and has received several awards including the Business Leadership award, Indian of the year in 2009, and the Padma Shri. His expertise lies in the field of Accountancy, Economics, Banking, Risk, Agriculture & Rural Economy, Small Scale Industry, Finance, Law, Human Resources, Business Management, Administration, and Corporate Governance. He is presently the part-time Chairman of IDBI Bank Limited. He is also a Director on the Boards of Tech Mahindra Limited, Mahindra & Mahindra Limited, and Tech Mahindra America and a Member of the Standing External Advisory Committee constituted by the RBI for evaluation of applications for Universal banks and Small Finance Banks for 3 years since March 2021.

 
 

Dr. Bhushan Kumar Sinha

  • Director nominated by the Central Government (Joint Secretary, Department of Financial Services, Ministry of Finance)
Dr. Bhushan Kumar Sinha belongs to the 1993 batch of Indian Economic Service. He holds a Master's degree in Business Administration (MBA) from the National Graduate School of Management (NGSM), Australia as well as a Ph. D. degree in Financial Economies from Department of Financial Studies, University of Delhi. He is also a Law graduate from Delhi University.
 
Dr. Sinha has worked primarily in the financial sector of the economy covering areas, such as, Capital Market, Disinvestment & Public Asset Management, Banking, etc during his postings in various Departments of the Ministry of Finance in the Government of India (GoI). He has also worked for the MSME sector during his stint as Joint Development Commissioner in the Ministry of MSME, GoI.
 
Before joining DFS in May, 2018, Dr Sinha had a three-year stint as Economic Adviser in the Department of Investment & Public Asset Management (DIPAM), Ministry of Finance, GoI. During this tenure, he was instrumental in steering a paradigm shift in the GoI's policy strategy by facilitating migration from 'divestment-based approach to the concept of efficient management of investments' in Central Public Sector Enterprises (CPSEs). Prior to DIPAM, Dr. Sinha was posted as Director in the Office of the Finance Minister, GoI.
 
Dr. Sinha got posted as Joint Secretary in DFS in June, 2018. After joining DFS, he has primarily handled Financial Inclusion (FI) related interventions of the GoI during the first four & half year of his tenure. In additions, he also dealt with matters relating to agriculture /rural credit, with special focus on priority sector lending. Some of the major FI related initiatives steered by him under the Pradhan Mantri Jan Dhan Yojana (PMJDY) Mission of the Govt., includes opening of PMJDY accounts, providing social security under Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), implementation of GoI’s flagship schemes like MUDRA and Stand UP India, targeted FI related interventions in Aspiration Districts, promotion of digital payment, ensuring seamless Direct Benefit Transfers (DBTs) flows, running campaign like “KCC Saturation Drive” and “Financial Inclusion to Financial Empowerment” (??????? ??????? ?? ??????? ?????????) in the country.
 
Currently in DFS, he is handling all matters relating to Development Financial Institutions (DFIs), including, National Bank for Financing Infrastructure and Development (NaBFID), Small Industries Development Bank of India (SIDBI), Export-Import Bank (EXIM Bank), India Infrastructure Finance Company Ltd. (IIFCL), Industrial Finance Corporation of India Ltd. (IFCI), National Housing Bank (NHB), etc. He is also handling all infra-financing related matters, including sectoral lending policies/ issues in the Department.
 
Presently, he is also Government Nominee Director on the Boards of Bank of India, India Infrastructure Finance Company Ltd. (IIFCL) and Small Industries Development Bank of India (SIDBI). Earlier, he has served as the Government Nominee Director on the Boards of Central Bank of India, National Bank for Agriculture & Rural Development (NABARD), Industrial Finance Corporation of India Ltd. (IFCI) and Micro Units Development & Refinance Agency (MUDRA) Ltd.

Ms. Sumita Dawra

  • Director nominated by the Central Government (Special Secretary - Logistics, Department for Promotion of Industry and Internal Trade)

Ms. Sumita Dawra is a 1991 Batch, Indian Administrative Service (IAS) Officer with experience of more than three decades in public administration in India and abroad. Ms. Dawra’s postings include working with the Ministry of Finance, Government of India, for six and a half years, which included a tenure of about three and a half years in China, as the head of the Economic Wing in the Indian Embassy (2008-2014). She has also done a stint with the United Nations as a Governance Specialist (2017-2019). She was posted as District Collector of Karimnagar district in Andhra Pradesh (now Telangana State) (2001-2004), where she had the rare opportunity to work as the highest convergence point for development work for a population of 3.6 million people.

Subsequently, successful outcomes in education and child labour eradication resulted in the International Labour Organization (ILO) publishing a manual written by her on methods and principles used for child labour eradication through convergence strategies.

Ms. Dawra has been with DPIIT, M/o Commerce & Industry since August 2019 and is currently Special Secretary (Logistics), DPIIT. Her work and responsibilities in DPIIT include Logistics, PM Gatishakti, ongoing work in Industrial Corridors, development and soft launch of the country’s first National Single Window System (NSWS), launch of a GIS-enabled India Industrial Land Bank, work related to One District One Product (ODOP), monitoring of all Production Linked Incentive (PLI) schemes across Ministries, oxygen management during COVID at Central level, to name a few.

Her public policy experiences led her to author several articles and two best-selling books, namely 'Poor but Spirited in Karimnagar: Field notes of a Civil Servant,' (Harper Collins, 2012) and a well-respected book on the Chinese economy and public policy, titled: 'China: Behind the Miracle,' (Bloomsbury, 2015).

She holds an MBA and MPhil (Economics) from Panjab University, Chandigarh (India) and an MBA (Public Policy) from The School of Public Policy, University of Birmingham, UK.

Mr. Rajkiran Rai G.

  • Managing Director

Mr. Rajkiran Rai G., former Managing Director & CEO of Union Bank of India from July 1, 2017, to May 31, 2022, aged 60 years, has more than three decades of rich banking experience which includes heading Industrial Finance Branch - Regions and Zonal Offices. Starting his career in 1986 as an Agricultural Finance Officer in the Central Bank of India, Mr. Rai rose through the ranks heading various branches in different parts of the country for more than 17 years. Upon his elevation as General Manager, he was given the responsibility of heading the department of Human Resource

Development. He was the Field General Manager of the Mumbai Zone of the Central Bank of India when he was elevated to the post of Executive Director of the Oriental Bank of Commerce. He was the Chairman of the Union Bank of India (U.K.) Limited, Union Asset Management Company, Star Union Dai-Ichi Life Insurance Company Limited, CorpBank Securities Limited, and Director on the Board of EXIM Bank and United India Insurance Company Limited. Earlier, he served on the Board of Oriental Insurance Company Limited, Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.

Mr. Rai also served as Head of the Committee to advise the Banks Board Bureau (BBB) on evolving suitable training & development programs for management personnel in Public Sector Banks. Mr. Rai was the Chairman of the Indian Banks’ Association (IBA). Of his multiple responsibilities at the IBA, he also served as Chairman of the Managing Committee, Chairman of the Standing Committee on HR & IR, and Chairman of the Wage Negotiation Committee.

Apart from the above, Mr. Rai had held the following positions:

• Chairman, Governing Board of Institute of Banking Personnel Selection (IBPS).

• Chairman, Committee to study and recommend a uniform system for the banks for classification of various disciplinary cases as Vigilance and Non-vigilance.

• President, Indian Institute of Banking & Finance (IIBF).

• President, Bankers’ Institute of Rural & Entrepreneurship Development (BIRED).

• President, State Level Bankers’ Committee (SLBC) in Andhra Pradesh.

• Member, Advisory Board for Financial Inclusion Fund of NABARD.

• Member, Governing Council of Bankers Institute of Rural Development (BIRD).

• Member, Depositor Education and Awareness Fund (DEAF) of Reserve Bank of India.

• Member, Governing Board of the National Institute of Bank Management (NIBM).

• Member, Search Committee for appointment of new Director of NIBM.

• Member, Board of Directors of National Credit Guarantee Trust Co Ltd (NCGTC)

Mr. Rai is an agricultural science graduate and also a certified member of the Indian Institute of Bankers. A vivid learner, he has benefitted from several executive development programmes at prestigious institutions in the country. A winner of several prestigious industry awards and accolades, Shri Rai is awarded ‘CEO with HR Orientation’ by World HRD Congress for his distinguished approach to capability-building through training and leadership development. He has also been conferred Honorary Fellowship by the Indian Institute of Banking & Finance (IIBF) in recognition of his invaluable contribution to the field of banking and finance.

Mr. B. S. Venkatesha

  • Deputy Managing Director, Chief Risk Officer

Mr B.S. Venkatesha has a rich banking experience of nearly three decades with primary focus in the areas of foreign exchange, treasury, international banking, large corporate credit, and risk management. He has held several leadership positions in Union Bank of India, such as Regional Head, Chief Executive Officer of the European entity of the Bank, Chief Relationship Officer, Chief Risk Officer, etc. He has played an instrumental role in Union Bank's overseas expansion and in implementing the best practices in the bank's Risk Management department.Mr. B. S. Venkatesha was the Chief Risk officer (Chief General Manager) of Union Bank of India. He has nearly three decades of Banking experience working extensively in the areas of Foreign Exchange, Treasury, International Banking, Large corporate Credit, and Risk Management. He has occupied several important positions in the Bank, namely, Regional Head, Chief Executive Officer of the European Entity of the Bank, Chief Relationship Officer, Chief Risk officer, etc. He is instrumental in the Bank’s overseas expansion as well as in implementing the Best Practices in Risk Management Department. He has extensive experience in handling large banks within the guardrails of risk-

calibrated growth and compliance. He is an MBA graduate in Finance and a Certified Associate of the Indian Institute of Bankers. He has completed the Leadership Development Programme for the Senior Executives of IIM Bangalore, curated by the Financial Services Institutions Bureau (formerly Banks Board Bureau).

 

Ms. Monika Kalia

  • Deputy Managing Director, Chief Financial Officer

Ms. Monika Kalia was an Executive Director of the Bank of India. She has handled various roles such as overseeing assurance functions of Internal Audit and Inspection, Risk Management, Cyber Security, and Fraud Risk Management, and has had additional exposure to Treasury and International Banking. Besides, she has handled the functions related to customer service excellence involving Deposit raising, Customer Experience, Premises, Business Process Re-Engineering, and Prime Clients Care.

Prior to taking up as Executive Director of Bank of India, she had extensive 360-degree exposure to corporate office and field banking with Union Bank of India. She has successfully spearheaded the State of Gujarat as the Zonal Head and other critical departments of Financial Planning and Investor Relations at crucial times of amalgamation of banks (responsible for carrying out due diligence and deciding share swap ratio) and Personal Banking and Operations during the phase of demonetization (responsible for branch operations and currency chest management, Customer Service and raising CASA). Besides, she has also headed Retail lending, Marketing and third-party product distribution, Corporate Communications, Compliance and Board Secretariat, and Accounts Taxation. During her professional journey of over 27 years, she had also been the key managerial personnel for the bank for interacting with RBI/SEBI/MOF in various capacities as Chief Financial Officer, Chief Grievance Officer, Chief Compliance Officer and Company Secretary, Chairperson Sexual Harassment Committee, and Managing Trustee of Union Bank Social Foundation at various points in time.

She has also represented the bank at various industry levels and regulatory forums of IBA, SLBC, and RBI. She was also the Director on the Board of two joint ventures of Union Bank namely, Star Union Dai-ichi Life Insurance and Union Asset Management Trustee company.

She has achieved various awards, viz. The Global Women Achiever Award in the year 2019 and Top 100 Women in Finance 2020 in India, from the Association of International Wealth Management of India.

Besides being rank holder B. Com (H), she is also a Fellow Member of Company Secretaries of India (ICSI), a Certified Associate of the Indian Institute of Bankers (CAIIB), and has completed a Diploma in Treasury and Integrated Risk Management from IIBF, a Certificate Programme in IT and Cyber Security for Senior Management - IDRBT, a Certificate Programme in AML & KYC from IIBF, and the Leadership Development Programme for Senior Management of Public Sector Banks by BBB at IIM Bangalore.

 
 

Mr. Samuel Joseph Jebaraj

  • Deputy Managing Director, Lending and Project Finance

Mr. Samuel Joseph Jebaraj joined the Board of National Bank for Financing Infrastructure and Development (NaBFID) as Deputy Managing Director Lending & Project Finance on 6th April 2023. Prior to joining NaBFID, he was Deputy Managing Director on the Board of IDBI Bank from September 2019 to April 2023. Prior to IDBI Bank, he was with Exim Bank for over 21 years in various capacities; last being Chief General Manager.

Mr. Samuel has over 31 years of varied banking experience. He was part of the turnaround team in IDBI Bank. As a whole-time Director, he was directly responsible for the Large & Mid-corporate Groups, NPA Management, Trade Finance, Overseas operations, Finance & Accounts, IT & Digital Banking, MIS and HR at IDBI Bank. He was also on the Board of IDBI Capital Markets Ltd. and Chairman of the Board of Directors of IDBI Trusteeship Services Ltd. and IDBI Mutual Fund Trustee Company Ltd.

During his tenure at Exim Bank, he headed various Verticals such as Corporate Banking, SME, Agri Exports, Loan Recovery, IT & HR. He was the CFO of Exim Bank between June 2014 and October 2017. He had served Exim Bank in various roles at their offices in Bengaluru, Hyderabad, Milan, London & Mumbai.

Mr. Samuel was a Nominee Director of Exim Bank on a few corporate Boards. He is a regular speaker on Banking, Project Finance, Infrastructure Finance, Trade Finance, etc. He was a member of various Working Groups / Task Forces set-up by the Government of India on India's international trade. He led various international consultancy assignments for Commonwealth Secretariat in London, Exim Bank of Nigeria, Sri Lanka Exports, Saudi Export Agency, etc.

Mr. Samuel is a Honours Engineering graduate in Electronics & Communication from Madurai Kamaraj University and did his MBA in Finance from BIM Trichy.