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Dr. Hasmukh Adhia is an officer of Indian Administrative Service, who retired on 30th November, 2018 as Union Finance Secretary & Revenue Secretary in Government of India. He is at present non-executive Chairman of Bank of Baroda, and also the Chancellor of Central University of Gujarat. He also serves as a member of Board of Governors of Indian Institute of Management Bangalore.
Dr. Hasmukh Adhia has got a basic Post-Graduate degree in Accountancy. He is a Gold medalist from Indian Institute of Management, Bangalore and he holds a Ph.D. in Yoga from Swami Vivekanand Yoga University, Bangalore.
Prior to his posting as Finance Secretary, he was Secretary, Department of Financial Services, Ministry of Finance, Government of India for the period from November, 2014 till August, 2015. As Secretary, Financial Services, he was credited with many new strategies for banking reforms such as Gyan Sangam and Indra Dhanush as well as social security schemes of Pradhan Mantri Suraksha Bima Yojna, Jivan Jyoti Bima Yojna and Atal Pension Yojna, as also for the scheme of micro-financing of Mudra.
As Finance/Revenue Secretary, he was credited with bringing in many tax-friendly initiatives in the Income-Tax as well as Excise Duty and Service Tax. Also he pursued the agenda of GST systematically as a result of which GST was implemented smoothly. He is also known for his relentless drive against the black money. As Secretary (Revenue), he is credited with bringing in many tax-friendly initiatives in the Income-Tax as well as Excise Duty and Service Tax. Also he pursued the agenda of GST systematically as a result of which GST is implemented smoothly. He is also known for his relentless drive against the black money.
Prior to posting in the Ministry of Finance, some of the other positions held by him include Principal Secretary to Chief Minister of Gujarat (2003-06), Principal Secretary (Education), Gujarat (2008-13), Additional Chief Secretary (Finance), Gujarat (2013-14), Industries Commissioner, Gujarat (2001-02), Managing Director of Gujarat Industrial Investment Corporation and Gujarat Industrial Development Corporation.
By virtue of his position, he served on the Board of Directors of following institutions/companies :-
Shri Sanjiv Chadha has over 32 years’ experience in Banking having started his career with SBI in 1987.
Prior to joining Bank of Baroda, Shri Sanjiv Chadha was working as DMD, SBI and MD & CEO of SBI Capital Markets Ltd., the Merchant and Investment Banking arm of SBI.
He served in various geographical locations of SBI spread across different circles and abroad. Some of his previous assignments includes Executive Secretary to the Chairman of the SBI Group. He has worked in SBI’s Los Angeles Office and was also UK Regional Head.
His areas of specialism include Retail Banking, Corporate Finance, Investment Banking, Mergers & Acquisitions, Structured Finance and Private Equity.
Shri Shanti Lal Jain is a Post Graduate in Commerce, with Professional Qualification of Chartered Accountant, Company Secretary and CAIIB. Prior to joining Allahabad Bank, he worked in various Industries for about 6 years. He joined Allahabad Bank in 1993 in Middle Management Grade/Scale-II and reached upto General Manager.
He worked in Branches, Zonal Office, Field General Manager Office, Staff College and Head Office. He also worked as Zonal Manager, Agra Zone.
He also worked as Chief Financial Officer, Chief Risk Officer and General Manager-IT of the Bank.
Prior to joining our Bank, since last one year he held the position of Field General Manger (West) at Mumbai and responsible for Maharashtra, Gujarat and Goa Operations having business of around Rs.50000 Crores.
Shri V. S. Khichi is an MBA (Finance and Marketing), with Professional Qualifications of CAIIB and Associate in Life Insurance. Prior to joining Bank of Baroda, he was working as Field General Manager (Gujarat Operations) in Dena Bank.
He Joined Dena Bank as Probationary Officer in December' 1985, gradually climbed up the ladder and got promoted as Field General Manager (Gujarat Operations) in May'2015 in Dena Bank.
Inculcated blend of operational experience at field level and of planning/policy formulation at Controlling Office during the tenure of 33 years in Dena Bank by serving in varying capacity from being Probationary Officer to General Manager in various Branches & Departments.
Acquired enriching experience across the breadth of various key departments such as Retail Banking, Marketing (New Initiative & Product Development), Merchant Banking, Recovery Management, Overseas Business Center etc.
Groomed leadership quality while discharging duty as Convenor of State Level Bankers' Committee, Gujarat and collaborated efforts with senior State Govt. officials, top executives from RBI and various Banks, Insurances Co. & different organisations in executing numerous Financial Inclusion initiatives of the Govt. in Gujarat State.
Shri Ajay K Khurana joined as Executive Director in Bank of Baroda on 01.04.2020. He is a Post graduate in Business Management with Professional Qualification of CAIIB. Prior to joining the Board of Bank of Baroda as Executive Director on 01.04.2020, he served on the Board of Syndicate Bank as an Executive Director from 20.09.2018 till 31.03.2020.
He joined Vijaya Bank as an Officer on 15.11.1988. He has a vast operational experience at field level covering 17 years in various capacities and 4 years as Regional Head at Vijaya Bank. He climbed up the ladder of Management and was promoted as General Manager. Shri. Ajay K Khurana has acquired rich experience while working in various key departments such as Audit, NPA Recovery, International Banking, Operations, Information Technology Dept. and Corporate Credit.
He was elevated to the rank of Executive Director on 20.09.2018 and handled various portfolios such as Information Technology Dept., Treasury & International Banking, Recovery, MSME, Mid Corporate and Central Accounts Dept.
Shri Debadatta Chand has been appointed as Executive Director of Bank of Baroda and assumed charge on 10.03.2021. Shri Chand is a B.Tech, MBA, CAIIB qualified Banker with PG Diploma in Equity Research and Certified Portfolio Manager. He has over 27 years of experience in Commercial Banks and Developmental Financial Institution. He started his career in Allahabad Bank as Officer in 1994 and subsequently worked as Manager in Small Industries Development Bank of India [SIDBI] from 1998 to 2005. He joined Punjab National Bank in the year 2005 as Chief Manager, rose to the level of Chief General Manager. Prior to joining Bank of Baroda as an Executive Director, he was heading Mumbai Zone as CGM, PNB.
During his long stint in the Banking Industry, he gained varied exposures in all important spheres of operational and strategic Banking with special expertise in Treasury & Investment Banking and Market Risk Management. He successfully handled the responsibilities such as Head of Zonal Audit Office, Patna, Circle Head of Bareilly, Head of Integrated Treasury Operation of the Bank and Zonal Head of Mumbai Zone – one of the Biggest Zones of the Bank.
He was also on the Board of PNB Principal Mutual Fund, SWIFT India Pvt. Ltd and many of the Private Equity funds ex-officio in India and also in one of the overseas subsidiaries of the Punjab National Bank.
Mr. Amit Agrawal has been appointed as the Government Nominee Director on the Board of the Bank vide Government of India notification dated 24th January, 2020 under section 9 of the Banking Companies (Acquisition and Transfer of Undertaking) Act.
Mr. Agrawal is a member of the Indian Administrative Service since 1993. Since 2016, he has served in the Ministry of Finance, Department of Financial Services, initially as Joint Secretary to the Government of India and currently as Additional Secretary.
An alumnus of Indian Institute of Technology Kanpur, he has served in top positions in the Government of India and the State Governments of Chhattisgarh and Madhya Pradesh, broadly in the areas of finance, technology and technical education.
His earlier charges include that of Director in the Prime Minister’s Office; Adviser and Director in the Office of Prime Minister’s Economic Advisory Council; Officer on Special Duty with the Chairman of the National Innovation Council; Head of various State Government departments and agencies; and Head of District-level Local Governments.
Mr. Lok Ranjan has been appointed as Government Nominee Director on the Board of the Bank w.e.f. 26th August, 2017. He joined IAS in the year 1989 and belongs to Tripura cadre. He did his B.Tech (Mechanical Engg.) and M.Tech from IIT Kanpur and also holds a Masters in Public Administration from Syracuse University, USA.
Besides serving as Collector and District Magistrate of South Tripura, he has also served in various capacities in the Dept. of Information Technology & Communication, Public Works, Handloom & Textiles, Urban Development, Tourism, and Revenue and Finance.
Mr. Srinivasan Sridhar joined our Board as a Director representing Shareholders of the Bank. His appointment is for a period of 3 years and is with effect from December 12, 2018. Mr. Sridhar is a B.Com(Hons.) graduate from Delhi University and is also a Chartered Accountant.
Mr. Sridhar has been associated with a leading global management consulting firm since 2013. In this role he works with CEOs, Boards of Directors and other senior leaders of top Financial Services companies in the region on topics such as Management Strategy, Client Coverage Models, Product and Distribution Strategies, Cost Optimization etc.
Mr. Sridhar is a financial services expert with over 30 years of experience gained internationally and in India. He was with Citigroup for 28 years and has worked in 6 countries across Asia, Africa and Europe. Some of the leadership positions he held with Citigroup included being CEO for three countries, Corporate Bank Head for India, Transaction Services Head for Africa and Bank Services Group Head for Central, Eastern Europe, Middle East and Africa. Mr. Sridhar brings deep banking experience and track record from around the globe in areas such as Corporate and Investment Banking, Product Management, Risk Management, Governance and Regulatory Compliance.
Mr. Sridhar lives in Mumbai and is passionate about Bollywood, Football and Wildlife. The social causes that he cares about are child welfare, economic empowerment, education and health for the under-privileged.
Smt. Soundara Kumar has joined as a Director on our Board w.e.f. 24th December, 2017 representing shareholders of the Bank for a period of -3- years. She has done her graduation in Mathematics from Stella Maris College, Chennai.
She joined State Bank of India as a Probationary Officer in 1975 and continued till her retirement in 2014. During this period she held various assignments including heading branches, SME, Retail and Rural & Agriculture (Financial Inclusion). She was also a faculty member in the Bank’s Training Centre, at Tiruchirapalli. She held the position of Regional Manager in the Chennai Circle and had control over -40- branches in the city. On promotion as Dy. General Manager, she was posted to Artesia branch in California as Senior Vice President. Later, she performed as President of the Bank’s fully owned subsidiary, State Bank of India (California) and CEO of the Los Angeles Agency of the Bank.
She was Managing Director of the Bank’s Associate, State Bank of Indore from October, 2008, where she successfully steered the merger of the Bank with the Parent Bank in 2010. Thereafter, she headed the Bangalore circle of the Bank overseeing the operations of over -400- branches across the state of Karnataka. She also held the position of Dy. Managing Director, in charge of Stressed Assets Management, in the Bank’s Corporate Centre, Mumbai, till her retirement in 2014.
She also headed Wholesale Banking Credit Committee of the Bank at Corporate Centre, for over -3- years, evaluating high-value commercial credit proposals and was a permanent member of Corporate Centre Investment Committee and Credit Policies and Procedures Committee. She also served as member of RBI Working Group to recommend measures for scaling up the Business Correspondent (BC) model for Financial Inclusion. She was also a member of Core Group of Corporate Debt Restructuring mechanism set up by RBI.
She also served as a nominee director of SBI on the Boards of ARCIL, CERSAI, SIDBI Venture Capital etc. Currently, she serves as Independent Director on the Boards of several Companies including listed Companies like TNPL, Ramco Cements, Shanti Gears etc.
Smt. Parvathy V Sundaram has been appointed as the RBI Nominee Director on the Board of the Bank vide Government of India notification dated 13th April, 2021 under section 9 of the Banking Companies (Acquisition and Transfer of Undertaking) Act.
Smt. Parvathy V Sundaram started her career as a commercial banker and after a 2 year stint moved over to the Reserve Bank of India in March 1984 and worked in various capacities in almost all major departments of the RBI in over 5 centres. She was deputed as RBI’s nominee in a few bank boards and international working groups/ committees. She served as the Executive Director in charge of the Currency Management and Legal Departments of the Reserve Bank of India and superannuated from the RBI in November 2019.
Some of her assignments in the areas of Central Banking Regulation and supervision included:
She was a member in the Internal Study Group of the RBI to Review the Working of the Marginal Cost of Funds based Lending Rate (MCLR) System and a member of the High Level Task Force constituted by RBI for evaluating the need for establishing a Public Credit Registry in India.
Shri Alok Vajpeyi’s career in financial services and governance spans nearly 40 years across UK, Asia and India in global capital markets, investment and wealth management and later as a successful entrepreneur. He has worked with EY in London and held senior positions in global institutions such as Swiss Bank Corporation in London and Asia, Barclays Bank in Asia and India, DSP Merrill Lynch, DSP Blackrock and Daiwa in India. He founded and successfully sold in 2009 - Dawnay Day AV, a large diversified financial services business. He has worked closely with Indian regulators such as SEBI, AMFI, RBI and Exchanges - BSE and NSE - in various capacities and committees, and as External Adviser to DIT (UK Government) Government in India on Fintech.
Since 2012 Shri Alok Vajpeyi continues to be a Strategic Advisor, Entrepreneur, Investor and Board Director across a diverse set of companies and also relishes mentoring select individuals. He recently acquired control of Conscious Food Ltd, a leading organic food company in India, and in addition his current interests are largely in the financial, FMCG and technology sectors. He sits on the Boards of M/s. AV Advisory Private Limited, M/s. Avendus Capital Public Markets Alternate Strategies LLP, M/s. Conscious Food Private limited, M/s. Digital Gold India Private Limited, M/s. Institutional Investor Advisory Services (IIAS), M/s. Littlemore Innovation Pte Limited and M/s. Sula Vineyards Pvt. Ltd. He was on the Board of M/s. IndiaFirst Life Insurance Company Limited, from which he resigned just prior to being appointed to the Board of Bank of Baroda in July 2021, as the Bank is parent and a major shareholder in the company.
Born in 1960, Shri Alok Vajpeyi is an Associate Member of the Institute of Chartered Accountants in England & Wales, having received a BSc (Econ) degree specializing in International trade & development, from the London School of Economics.