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Board of Directors

Board of Directors

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. Romesh Sobti – Managing Director & CEO

Mr. Romesh Sobti is a career banker with 43 years of experience in all 3 sectors of banking - public, foreign and private. He took over as Managing Director & CEO of IndusInd Bank Ltd. during the financial year 2007-08. 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 Bank N.V. in November 1990 and over a 17 year period, was CEO for 12 years. In his banking career, 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 a Diploma in Corporate Laws 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.

Mrs. Akila Krishnakumar

Mrs. Akila Krishnakumar holds a Masters degree in Management Studies. She was President – Global Technology and Country Head until February 2013 at SunGard – a Fortune 500 Company and a global leader in Financial Services Software.

During her career spanning 30 years, she has led Technology-driven companies which were building enterprise-scale solutions across the world.

Mrs. Akila Krishnakumar’s focus has been on operational excellence, talent engagement and customer relevance, which repeatedly has delivered robust returns for the many businesses she managed.

She had been on the Board of State Bank of Mysore from June 1, 2016 to March 31, 2017.

Mr. Arun Tiwari

Mr. Arun Tiwari (M. Sc in Chemistry), has over 38 years of professional experience in Banking and Financial Market Operations.

He had been Chairman & Managing Director of Union Bank of India from December 2013 to June 2017.

Prior to that, Mr. Tiwari was Executive Director of Allahabad Bank from June 2012 to December 2013.

He was also General Manager of Bank of Baroda from January 1979 to June 2012.

He has also held the position of Deputy Chairman of Indian Bank’s Association, and has been Member of Governing Council of Indian Institute of Banking and Finance.

Mr. Tiwari is currently a Member of the Governing Council, Bankers’ Institute of Rural Development.

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 Non-executive, Part-time Chairman of IndusInd Bank Ltd. since July 24, 2007.

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