Non-Executive Independent Director

Dr. Ashok Gulati is a M.A. and Ph.D. from the Delhi School of Economics. Currently, he is a Distinguished Professor at the Indian Council for Research on International Economic Relations (ICRIER). Prior to this, he was the Chairperson of the Commission for Agricultural Costs and Prices (CACP), Government of India (2011-2014). He has been an Independent Director on the Central Board of Directors of RBI, National Bank for Agriculture and Rural Development (NABARD) and National Commodity and Derivatives Exchange Limited (NCDEX). He is currently a member of the Tenth Audit Advisory Board of the Comptroller and Auditor General of India.

Non-Executive Director

Mr. C. Jayaram, aged 65 years, B. A. (Economics), PGDM-IIM, Kolkata, is the Non-Executive Director of the Bank. He has varied experience of over 38 years in many areas of finance and business and was earlier the Managing Director of Kotak Securities Limited. Mr. Jayaram headed the Private Banking business, Alternative Investments business including Private Equity funds and Real Estate funds and international operations for Kotak Group till his retirement as Joint Managing Director in April 2016.He was with the Kotak Group for 26 years and was instrumental in building a number of new businesses at Kotak Group. Prior to joining the Kotak Group, he was with Overseas Sanmar Financial Ltd.

Managing Director & CEO

Mr. Ashok Vaswani has a proven track record spanning three and a half decades, initially at Citigroup and thereafter, at Barclays, of building and growing global businesses at scale, nurturing winning teams, establishing transformational partnerships, leveraging forward leaning technology, with a compelling business vision to deliver strong bottom-line growth. He brings with him significant executional experience with high degree of compliance and industrial strength across Corporate and Consumer businesses.

Mr. Vaswani was Chief Executive Officer of Barclays Bank, UK and subsequently CEO of their Global Consumer, Private, Corporate and Payments businesses and Member of the Group Executive Committee. Earlier, he was CEO Citigroup Asia Pacific and Member of the Citigroup Global Operating & Management Committees. Mr. Vaswani also built and ran various country and regional businesses across geographies. He also held position as President of Pagaya Technologies Ltd, a US-Israeli AI Fintech.

Non-Executive Independent Director

Mr C S Rajan, aged 66 years, is a successful leader with over 40 years of experience across significant government portfolios. In roles ranging from Sub-divisional Magistrate and Collector to Chief Secretary and then Whole-time Dy. Chairman of the Chief Minister’s Advisory Council, Mr. Rajan has served the Government of Rajasthan in key sectors including Agriculture and Rural Development, Industry (including MSME), Infrastructure (including Roads and Energy), Financial Services, General Administration and Business Management et al. Mr. Rajan has served on a number of inter-disciplinary teams for review of World Bank projects, and also as a Consultant to the World Bank on a Study on Farmer Participation in Agricultural Research and Extension System. Mr. Rajan is currently serving as a Government of India appointed Non-Executive Chairman of Infrastructure Leasing & Financial Services Limited and was also its Managing Director from April 2019 to October 2022. Mr. Rajan has a post graduate degree in History from St. Stephen’s College, University of Delhi and is a retired IAS officer of the 1978 Batch.