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Board of Directors

Shri Rakesh Sharma

Shri Rakesh Sharma is Managing Director & Chief Executive Officer of IDBI Bank Ltd. from October 10, 2018. Prior to IDBI Bank assignment, Mr. Sharma superannuated as MD & CEO from Canara Bank after serving from 11.09.2015 to 31.07.2018. While in Canara Bank he also held the position of Chairman in the group companies of Canara Bank. Prior to this, Mr. Sharma was in Lakshmi Vilas Bank Ltd. as MD & CEO and served there for a period from March 07, 2014 till September 09, 2015. Mr. Sharma held the position of Chief General Manager in State Bank of India [SBI] before moving to Lakshmi Vilas Bank Ltd in March 2014. He had more than 33 years’ experience in SBI, holding key positions, which included Head of mid corporate accounts in Andhra Pradesh region, supervising retail operations in the States of Rajasthan, Uttarakhand & Western UP, banking operations in International Banking Group, credit assignments in specialized branches / administrative offices, etc. Born on July 02, 1958, Mr. Rakesh Sharma is a Post Graduate in Economics, and a CAIIB.

Dr. A. S. Ramasastri
Independent Director

Dr. A. S. Ramasastri took over as the Director of the IDRBT on October 24, 2014. Since then he has actively led the development and growth of the Institute, especially in the areas of relevance to banking like cyber security, analytics, cloud computing and payment systems. He has been instrumental in introducing the PGDBT, IBAC and IDRBT Staff Papers Series, setting up of CIO and CAO Forums, and in the Institute gaining the status of SIRO. He is the Chairman of IFTAS, the company promoted by IDRBT in 2015 to provide technology services to banking and financial sectors. He is on the board of DSCI and SETS. He is member of the important committees and working groups of Reserve Bank of India, which include Cyber Security Standing Committee and Working Group on FinTechs. Prior to joining the Institute, Dr. Ramasastri was the Chief General Manager-in-charge of Department of Information Technology at Reserve Bank of India. In the RBI, he has spearheaded many important projects including the implementation of the Next Generation RTGS, adoption of international standards like XBRL and ISO 20022, conceptualizing and guiding of banks on Automated Data, and preparation of IT Vision of RBI for 2011-17. His initiatives of XBRL and ADF have been globally recognized and has received "Award of Excellence" from XBRL International. Dr. Ramasastri authored two books titled 'Quantitative Methods for Valuation of Assets' and 'Quantitative Methods for Banking and Finance'. The former has been published in Chinese too. He has to his credit several articles on Finance, Banking and IT in eminent journals and newspapers. He has guided the Bank of Mauritius, Bank of Malaysia and Bank of Uganda on implementation of Data Warehouse, XBRL, etc. and delivered talks on standards and technology for data reporting at the International Monetary Fund and Bank of International Settlements. Dr. Ramasastri holds a Ph.D. in Finance from the Indian Institute of Technology, Madras and was the top ranker in M.Sc. (Statistics) from Madras University and B.Sc. (Statistics) from Loyola College, Madras. He has also attended Advanced Management Programmes at the University of Oxford and Kellogg School of Management.

Shri A. P. Hota
Independent Director

Shri A. P. Hota, ex-Managing Director & CEO of National Payments Corporation of India (from August 2010 to August 10, 2017) was a career central banker for 27 years. A significant part of his career has been in the area of design and implementation of Payment systems in India. He has played a key role in implementation of MICR technology in Cheque Clearing, Electronic Funds Transfer, Automated Clearing House and Cheque Truncation System in India. His research document titled "RTGS System in USA - Lessons for India" as a part of IIB Diamond Jubilee Overseas Fellowship in 1997, was the starting point of RTGS design and implementation in India. Mr. Hota had headed the Department of Payment and Settlement Systems in Reserve Bank from March 2005 to July 2008 during which the 'Payment and Settlement Systems Act' was legislated, NEFT was introduced and there was rapid expansion in the access and usage of electronic payment systems. He also played a key role in widening the use of electronic payments in India. In August 2010 he joined as the Managing Director & CEO of National Payments Corporation of India (NPCI) which has been set up by banks in India under the aegis of Indian Banks' Association and support and guidance of Reserve Bank of India to provide central infrastructure for various retail payment systems in the country, including card payments. Within a year of his joining NPCI, the next generation remittance service - Interbank Mobile Payment Service was launched where 24x7 real-time money transfer was enabled. Under his leadership, NPCI has launched India's own card scheme 'RuPay' in record three years' time which is accepted on all three channels, viz. ATM, PoS and eCommerce with an issuance figure of 118 Million cards. He was conferred the 'Aadhaar Excellence Award' for his contribution to Aadhaar Enabled Payment System by the former Prime Minister Dr. Manmohan Singh on the 2nd Anniversary of UIDAI. He was also conferred the 'Skoch Financial Inclusion Award 2013' for Aadhaar Payment Bridge System (ABPS) and Immediate Payment Service (IMPS) at the hands of Shri Nandan Nilekani, Chairman UIDAI and also the Skoch Renaissance Award for 'RuPay' at the hands of Shri P. Chidambaram, Former Minister of Finance. On May 8, 2014, Mr. Hota received a commemorative memento from the hands of the former President of India, Shri Pranab Mukherjee on the occasion of dedication of 'RuPay' to the nation at Rashtrapati Bhavan. He was also a member in various Committees of the Government of India and Reserve Bank of India (RBI) and has contributed to policy and decision-making processes in Payment Systems and Financial Inclusion in particular.

Dr. Tejendra Mohan Bhasin
Independent Director

Dr. Bhasin is MBA (Finance) from FMS, Delhi and LL.B. from University of Delhi, CAIIB and M.Sc. Gold Medalist. Dr. Bhasin has pursued his Advanced Financial Enterprises Management Program at HARVARD KENNEDY SCHOOL, US. Dr. T. M. Bhasin has pursued research under the C. H. Bhabha Research Scholarship (1999-2000) of the Indian Banks’ Association and his thesis was published as a book on ‘E-Commerce in Indian Banking’ by Authors Press, Delhi in 2002. University of Madras has conferred Ph.D Degree in Management on Shri Tejendra Mohan Bhasin based on his 4 years research and thesis on the subject: “Impact of Banking on Inclusive Growth”.

Shri Bhasin has rich experience in banking. Dr. Bhasin started his career as a probationary officer with Oriental Bank of Commerce in June 1978 where he worked till 6th November, 2007 as General Manager. He Served as Head of Technology in the year 1999 & 2000 and upgraded all Hardware & Software of Oriental Bank of Commerce to make them Y2K compliant. Dr. Bhasin as General Manager and Head of Information Technology Dept. in 2006 & 2007 implemented 100% Core Banking Solution in Oriental Bank of Commerce and integrated Technology platforms of OBC-GTB at the time of merger of two Banks. Shri Bhasin has also worked with United Bank of India from November, 2007 to March 2010 as Executive Director; where again he got 100% CBS implemented in an East based Bank. He was elevated as the Chairman and Managing Director (CMD) of the Indian Bank in April, 2010 where he served till 10th June, 2015.

During his incumbency as CMD, Indian Bank emerged as one of the strongest and most profitable Banks in India, with lowest Non-Performing Assets and highest Capital Adequacy Ratio. On the strength of these achievements, Dr. Bhasin received many coveted National and State Level awards in the fields of Banking and Finance. During his incumbency as Chairman, Indian Banks’ Association (IBA), Pradhan Mantri Jan Dhan Yojana (PMJDY) was successfully implemented and 28 crore new Saving Bank Accounts were opened. Also the Banking Industry level wage settlement for apx. 10 lac Bank Officials was concluded, signed and peacefully implemented in May 2015 under his Chairmanship. Dr. Bhasin has also served as the Chairman of Governing Board, Institute of Banking Personnel Selection (IBPS); President, Indian Institute of Banking and Finance (IIBF); Chairperson, SWIFT User Group India during 2014-15. Before Joining the Board of IDBI Intech, Shri Bhasin has served as Vigilance Commissioner of India in the Central Vigilance Commission (CVC) from June 2015 to June 2019.

Shri Narayanamurthy Vishnubhotla

Shri Narayanamurthy Vishnubhotla is Executive Director in IDBI Bank Ltd. from May 02, 2018 till date. He is currently handling the portfolio of Retail Liabilities, Cash Management Services & Government Business. He has also been in-charge of Third Party Distribution and Financial Inclusion as Executive Director. Prior to this, Shri Narayanamurthy was Zonal Head of Bengaluru Zone from November 2015 till April 2018. In a career spanning 31 years in IDBI Bank, Shri Narayanamurthy has experience in a wide range of functions including retail banking, corporate banking, project appraisal, corporate planning & policy, corporate communications, strategic investments, financial inclusion and corporate social responsibility. Born on August 28, 1963, Shri Narayanamurthy has Master’s Degrees in Business Economics and Financial Management and is a Certified Associate of the Indian Institute of Banking & Finance.

Shri Surajit Roy
Managing Director & CEO

A transformative thought Leader, focused in driving profitable business growth. As a Business Leader, has successfully driven and won large multi-million dollar transformational deals in Banking, Financial and Insurance Sectors respectively. He has a strong customer–orientation, successful track record of delivering transformative digital solutions - contributed significantly in making number of Indian Banks and Insurance companies, digitally ready and operational. He is completely convinced that digital is the force inspiring the future of the enterprises, how we live, work and the entire social eco –system: need to drive strategy and growth around digital. Throughout his two and half decades of Leadership in business and technology, he has been leading several disruptive transformative programs with great success, delivering significant values to his customers, organizations and to the industry. Leads with intent, passion and pride – contributed significantly in shaping the success

He is a strong strategist and comes with a belief that a culture of innovation is critical to stay relevant in both business and society - recognized for exemplary performance in leadership skills and results orientation. An effective communicator with exceptional problem solving skills. Highly involved people person with proven abilities in leading and mentoring teams – empowering workforce to ensure people are always relevant and prepared for disruptive market opportunities. Have successful track record of building strong relevant teams in various organizations who have significantly improved client value creation in their IT transformation programs and in recent times built teams that have significantly improved client value creation in their Digital programs

Most recently worked for Wipro Limited for approximately 13 years and built multiple million dollar business across verticals in India geography and most significant being in Banking Financial Services and Insurance (BFSI) Vertical in India geography respectively. Holds Bachelor of Engineering Degree in Electronics from Pune University.