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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.
Mr. Murali Ramaswami has joined as Executive Director in Bank of Baroda on 01.10.2019. Mr. Murali Ramaswami is an MBA, Certified Cost & Works Accountants (AICWA) with Professional Qualification of CAIIB. Prior to joining the Board of Bank of Baroda as Executive Director on 01.10.2019, he served on the Board of Vijaya Bank as an Executive Director from 19.02.2018 till 31.03.2019.
He joined Vijaya Bank as an Officer on 08.04.1989, worked in various verticals in various Geographical Areas. He climbed up the echelons of Management and promoted as General Manager and appointed as the Regional Head of Mumbai Region. Further, he was posted as General Manager Credit (Operation & Policy) of Vijaya Bank in July, 2015. He was also holding the position of Chief Financial Officer (CFO) of the Bank.
Mr. Murali Ramaswami, groomed as an expert Credit Professional known for his strong finance and analytical skills, he worked in Credit Dept. for a major part (12 years) thereby enabling to study the proposals emanating from various cross section of Industries.
He was elevated to the rank of Executive Director in Vijaya Bank on 19th February, 2018 and handled various portfolios such as Credit [operations], Policy, Recovery, Legal, Treasury and other critical Departments.
He served as an Officer on Special Duty in Bank of Baroda and was in charge of Overall Integration process subsequent to Amalgamation of three Banks [Bank of Baroda, Vijaya Bank and Dena Bank] spearheading smooth integration process and heading Information Technology Department and Digital Banking Dept.
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.
Mr. Amit Agrawal has been appointed as the Government Nominee Director of 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. Amit Agrawal is a member of the Indian Administrative Service since 1993. Since 2016, he is serving as Joint Secretary to the Government of India in the Ministry of Finance, Department of Financial Services.
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.
Shri Ajay Kumar has been appointed as the Government Nominee Director of Board of the Bank with effect from January 13, 2017 vide Government of India notification dated January 13, 2017 under section 9 of the Banking Companies (Acquisition and Transfer of Undertaking) Act.
Shri Ajay Kumar has done his Masters in Economics and MS in Banking. He is also a Certified Associate of the India Institute of Banking (CAIIB).
He joined Reserve Bank of India in December 1991 and has had a wide experience of 25 years of working in various capacities in the areas of currency management, rural credit and planning, foreign exchange management and banking supervision. He has worked as the Senior Supervisory Manager for the HDFC Bank and the Kotak Mahindra Bank. He was also the Principal Inspecting Officer (PIO) for the annual supervisory process of the Allahabad Bank, the United Bank and the UCO Bank, also conducted the comprehensive Asset Quality Review of the latter under his stewardship. Further, he was also assigned the responsibility of monitoring the conduct of foreign banks in India. In the area of foreign exchange management, he has been at the helm of formulating Risk Management Guidelines for banks and also Foreign Direct Investment Policy Framework. Earlier, he has also served as Nominee Director in four Regional Rural Banks during his stint in rural credit and planning.
Currently, he is posted as the Regional Director, Reserve Bank of India at New Delhi since March 2019 and is fulfilling his responsibilities towards development of the overall banking infrastructure in New Delhi.
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.
Dr.Bharatkumar D.Dangar has joined as a Director on our Board w.e.f 24th December, 2014 representing shareholders of the Bank for a period of 3 years. He currently serves as Assistant Professor in Faculty of Technology and Engineering of The M.S. University of Baroda. His education accomplishments include Electrical Engineering with distinction and Masters in Engineering with specialization in Microprocessor systems and application. As a student, he was actively involved in pursuing students welfare.
He brings with him a rich experience in fields of Academics, Operations, Management, Accountancy and Human Resource with exposure to various Corporates and SMEs. He is well versed with various farmers’ issues including financing, crop insurance, credit facilities etc. He has been raising issues of farming community and Industry at various levels of Government which resulted into many improvements in respective fields.
He is quite active in issues related to welfare of society at large.
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.
Prof. Biju Varkkey was nominated as a Part Time Non-Official Director w.e.f. 21st October, 2019 by the Central Government u/s 9(3) (h) and 9(3-A) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, for a period of 1 year or until further orders, whichever is earlier.
He obtained Master’s degree in Human Resource Management from Mahatma Gandhi University, Kerala and Fellow title in Management from NIBM, Pune. Currently he is faculty member at IIM Ahmedabad with the Human Resource Management. Additionally he heads the e-PGP task force of IIMA, which is mandated to lounge long duration virtual learning programs from IIMA.
His professional experience spans across industry, consulting and leading management schools, having taught at IIM Lucknow and MDI Gurgaon. He works closely with multilateral organizations like ILO, IOM, UNDP and organizations like UNITES and ITUC. His areas of academic interest include Strategic HR, Change Management, New Public Management, Leadership Development, HR Architecture for firms, Performance Management & Improvement, Flexible Work places, Employment Relations, Startups and Family Business transformation. He has published in national and international journals and also co-edited books on HRM practices. He coauthored text book ‘Human Resource Management’ along with Gary Dessler. He has authored more than 30 case studies and technical notes, including award winning case study. He is also a member of the board of trustees of St Peters School, Panchgani and member of governing council of MCMAT, Kerala. He has served as nominated member in the Core Committee of the National HRD Network – Delhi Chapter (1998-1999), organizing committee for India Young HR Conference, Chair of Technical Committee for Annual HR Conclave of NIPM Kerala (2015) and was member of the founding governing body of the Strategic Management Forum of India.