Shri Krishna Prasad Nair is Deputy Managing Director of IDBI Bank. Shri Nair started his career with Indian Overseas Bank as Probationary officer in 1981 and has been with IDBI since 1987. His three decades of banking experience spans across domains like Corporate Finance, Retail Banking, Human Resources and Information Technology and includes assignments as Zonal Head for North and East zones. Before his appointment as Deputy Managing Director, Mr. Nair was Executive Director and led Bank’s Retail Banking, Human Resources and IT divisions.
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, 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.
Shri Mohammad Afzal Khan is a Graduate in Mathematics. Post his graduation he did a course in Computer programming, System Analysis & Design. Before joining IDBI Bank in November 1988 in IT stream as Assistant Manager-IT, he had 3+ years of experience in IT industry. He grew in IDBI Bank from AM-IT to CGM over last 27+ years of service. During this period he developed systems like Payroll, Provision Calculation System, STP interface between legacy system and Finacle, Cheque printing interface, etc. During June-2012 to Nov-2014, he was deputed to IDBI Intech Ltd. as Deputy CEO. For last two years he was designated as Chief Information Security Officer (CISO) and General Manager-Operational Risk. During this period, for consecutive two years, he was bestowed with Top 100 CISO award by InfoSecurity Magazine, a leading magazine on Information Security. He got ISO27001:2013 certification for Bank’s DC & DR. He was nominated by the Bank for an International programme on Information Assurance conducted by IDRBT and Management Development programme by IIM-Ahmedabad.