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Board of Directors

Board of Directors

Mr. R. Seshasayee - Chairman

Mr. Seshasayee, a Chartered Accountant, had been Non-Executive Vice Chairman of Ashok Leyland Ltd., since 2011, after having been the Managing Director for 13 years. He had been a Member of the Board of ICICI Bank Ltd. from May 6, 1997 to October 31, 2003. Mr. Seshasayee has also been President of the Confederation of Indian Industry and of the President of the Society of Indian Automobile Industries. Mr. Seshasayee has been Part-time Chairman of IndusInd Bank Ltd. since July 24, 2007.

Mrs. Kanchan Chitale

Mrs. Chitale was the Senior Finance Manager at SICOM before she set up her own professional practice as a Chartered Accountant. At SICOM, she handled various functions including Project Assessment/Appraisal and Accounts. She managed the legal and the company’s Secretarial functions and operations of the newly set up State Government Corporation MOPEC while on deputation from SICOM during 1982-83. She also handled the overseas project assignment in Baghdad in 1982. In her practice for nearly 20 years, her main functional areas include Internal and Management Audits of corporates and specialised/concurrent audits of commercial banks and financial institutions. Mrs. Chitale has had extensive Internal Audit exposure as Associate Director of M/s M. P. Chitale & Co., a leading accounting firm in India associated with big corporate names in infrastructure/construction and in banking industries. She has contributed articles and given talks on professional topics at seminars and conferences.

Mr. Vijay Vaid

Mr. Vijay Vaid is a graduate from Bombay University having practical experience of almost 36 years in all areas of rubber component manufacturing. Starting with a proprietary firm, he ventured out to establish Vaid Elastomer Processors Limited, which is one of the leading manufacturers of auto rubber components and employs more than 500 persons.
He was a member of Executive Committee of Automotive Component Manufacturers Association (ACMA).
He is the Chairman Trustee of two charitable trusts Shri Venkteshwar Nidhi & Vaid Foundation, which are actively involved in providing education and medical relief to the needy. From the day of the inception, more than 206 students and 7990 patients have benefited from this.

T. Anantha Narayanan

Mr. T. Anantha Narayanan is an Associate Member of the Institute of Chartered Accountants of India and Institute of Cost & Works Accountants of India, and Certified Associate of the Indian Institute of Bankers. He is the past Chairman of the Confederation of Indian Industry, Tamil Nadu Council.

After a stint of 8 years with State Bank of India, Mr. Anantha Narayanan had a long association of 30 years with Ashok Leyland Ltd., where he held the position of ‘Executive Director’ for 12 years prior to his retirement.

Apart from his vast experience in, and a deep knowledge of, Financial Management, Accountancy and Banking, Mr. Anantha Narayanan has long practical experience in Agriculture, being an avid Agriculturist engaged in evolving techniques relating to Organic Farming and Integrated Water Management.

Mr. Anantha Narayanan has also made significant contribution in the preservation of many old temples in the South, as well as created awareness about them.

Mr. Romesh Sobti – Managing Director

Mr. Romesh Sobti has joined the Bank as Managing Director & CEO, taking charge from Mr. Bhaskar Ghose. Prior to this assignment, Mr. Sobti was the Executive Vice President – Country Executive, India and Head, UAE and Sub-Continent, at ABN AMRO Bank N.V. He joined ABN AMRO in November 1990 and graduated from the position of a Chief Manager to the Country Executive over a period of 18 years. In his banking career spanning 33 years, Mr. Sobti has been associated with ANZ Grindlays Bank Plc (now Standard Chartered Bank) and State Bank of India in the past. He holds a Bachelors Degree (Honours) in Electrical Engineering and has also done his diploma in Corporate Laws and Practice and Secretarial Practice.

Mr. Ranbir Singh Butola

Mr. Ranbir Singh Butola, MBA in Finance and Certified Associate of the Indian Institute of Bankers (CAIIB), was Chairman of Indian Oil Corporation Limited until May 2014. Prior to that, he had served as Managing Director & CEO of ONGC Videsh Ltd. Mr. Butola served as Director - Finance in Oil and Natural Gas Corporation Ltd. until May 2004. He had joined ONGC in February 1991 as Deputy General Manager (F&A). Mr. Butola has rich and varied experience in the Oil and Gas sector, and interests in Finance and Economics. Prior to joining ONGC, Mr. Butola had a stint of 8 years with the Government of India, where he developed insight into policy formulation aspects. Mr. Butola had started his career with a large nationalised bank, where he got exposure to Credit assessment and appraisal functions.

Mr. Shanker Annaswamy

Mr. Shanker Annaswamy holds a Bachelor of Engineering degree (B.E), in Electronics and Communications from Madras University and a Diploma in Business Management Education from AIMA, New Delhi. Mr. Shanker Annaswamy was the Managing Director of IBM India Private Limited from July 2004 to December 2012. He had also served as President and Chief Executive Officer for GE Medical Systems, South Asia and before that Managing Director of Wipro-GE Medical Systems. He was a member of NASSCOM’s Executive Council from 2004 to 2008 and Chairman of the CII National Committee of IP owners. He was also on the National Executive Committee of FICCI. In 2009, he was nominated to the Prime Minister's Advisory Group on Science and Technology. In 2009, Business Week listed him as among India’s 50 Most Powerful People. In October 2011, he was conferred the Best CEO – Multinational Company Award as part of Forbes India Leadership Awards 2011 for Transformational Leadership.

Dr. T. T. Ram Mohan

Dr. T. T. Ram Mohan, Professor of Finance & Economics at IIM Ahmedabad, graduated from IIT Bombay and IIM Calcutta and obtained his doctorate from Stern School of Business, New York University.

Prof Ram Mohan worked in consultancy and in the financial sector before entering academics. He has been Divisional Manager, Tata Economic Consultancy Services, Head of Strategy, Standard Chartered Bank, India, Vice President Bear Stearns, Hong Kong, and Head of Research, Birla Marlin Securities. For over 15 years, he wrote a fortnightly column for The Economic Times.

Prof Ram Mohan’s research interests include banking sector reforms, privatisation and corporate governance. He was Visiting Faculty at Stern School of Business, NYU in 2001. He has served on numerous committees of RBI and has been member of the Primary Markets Advisory Committee of SEBI. He has also been on the board of directors of several companies, including many in the financial sector: Brics Securities, IndusInd Bank, Rural Electrification Corporation, SBI Pension Fund and SBICaps Securities.

Prof Ram Mohan is also Advisor to Acacia Partners, a New York-based Asset Management Company, and advises them on a range of matters, including macroeconomic conditions in India, Policy and Regulatory issues impacting the financial sector, and the competitive position of various firms in the financial sector.

He has authored six books and numerous papers. His most recent title, Rethinc: What’s broke at today’s corporations and how to fix it, published by Penguin Random House, was judged the co-winner of the Best Business Book of the Year award at the Tata Literary Festival in November, 2015.

Mr. Yashodhan M. Kale

Mr. Y. M. Kale, FCA (England & Wales) & FCA (India), was President of the Institute of Chartered Accountants of India (ICAI) during 1995 – 1996. He had been Chairman of ICAI’s Accounting Standards Board as well as the Audit Practices Committee in earlier years, having been on the apex ICAI Council for 16 years (1982 to 1998). During 1995-98, Mr. Kale was the India Representative in the Board of International Accounting Standards.

Since 2002, Mr. Kale is Group President, Corporate Governance & Development, in Hinduja Group India Ltd. and is a Director in several Group Companies.

Mr. Kale had been appointed by RBI as ‘Member’ of the Group for introduction of Concurrent Audit of banks and ‘Member’ of the ‘DBOD Working Group on Revised Formats for Published Accounts of banks’.

Mr. Kale has also served on many Committees constituted by SEBI and by the Government of India. He was also Chairman of a Committee for setting Accounting Norms for Trading Members of the National Stock Exchange.

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