Managing Committee

Deputy Chairman

Shri Swarup Kumar Saha

Punjab & Sind Bank

Shri Swarup Kumar Saha assumed the charge as MD & CEO of Punjab & Sind Bank on June 3rd 2022. Before taking up this assignment he was Executive Director of Punjab National Bank since March 10, 2021.

Shri Saha, a graduate in Science from University of Calcutta, Kolkata, started his career in Banking in erstwhile Oriental Bank of Commerce in the year 1990 as Probationary Officer. He is a Certified Associate member of Indian Institute of Bankers (CAIIB). He also holds a Diploma in Treasury, Investment and Risk Management (DTIRM) from Indian Institute of Banking and Finance (IIBF) and Certificate in Risk in Financial Services from IIBF in collaboration with CISI, London along with various certifications related to IT Security, Cyber Crimes and Fraud Management.

Shri Saha was one of the participants for the flagship Leadership Development Program of Banks Board Bureau (BBB) in 2019 conducted through IIM, Bangalore. He has also participated in Advanced Management Program conducted by CAFRAL/Stern Business School, New York and Leadership Development Program conducted by NIBM & Kellogg School of Management, USA.

In a career spanning over 30 years, he has worked in different capacities and has worked across the country. He has wide exposure in Human Resource Development, Treasury, International Banking, Credit, Risk Management, Organization Restructuring and Board matters. During his tenure at Head Office of erstwhile Oriental Bank of Commerce, he headed Treasury and International Banking, Human Resource Development Division and Board Division.

Deputy Chairman

Shri Madhav Nair

Bank of Bahrain & Kuwait BSC

Madhav Nair is the CEO of Bank of Bahrain and Kuwait (BBK), India since August 2023. Madhav has around 3 decades of commercial banking experience across India and Middle East. Prior to joining BBK, he worked with several international banks in senior management positions and his last assignment was CEO of Mashreq Bank in India were he successfully revived and led the bank for more than a decade.

Madhav has done his Masters in Management (General Management & Strategy) from Asian Institute of Management, Philippines and Bachelors in Engineering from Manipal Institute of Technology.

He has completed several internationally recognized Diploma and Certification programs. This includes International Cash Management Certification by Association of Corporate Treasurers-UK, FCIB Certificate in International Credit & Risk Management from Michigan State University, Diploma in Business Leadership, Strategy & Leadership from Dukes University, Advanced Diploma in International Factoring Services from Factors Chain International, Senior Management Program (3TP) from Indian Institute of Management Ahmedabad.

Madhav has been an elected member to the Management Committee of the prestigious Bankers Body, Indian Banks' Association (IBA) since 2016 and is currently the Deputy Chairman of IBA (2024-25). Prior to that, he was the Honorary Secretary of IBA for the year 2023-24.

He has been nominated as the Chairman of the Standing Committee on ESG, Alternate Chairman for the Sectoral Committee for Foreign Banks, Alternate Chairman for the Standing Committee on Legal & Banking Operations.

Madhav is highly regarded in banking circles for his expertise in policy advocacy specially in the areas of ESG, Internationalization of Rupee and Digital Banking. He has been closely working with the Government, Regulators and Industry to resolve issues faced by the sector. In 2021, Madhav was invited by RBI constituted Regulatory Review Authority 2.0 Advisory Group to present issues as well as suggestions/recommendations on behalf of foreign banks. Madhav was the keynote speaker at the program on "Responsible Banking" organized by Indian Institute of Bank & Finance (IIBF) and UNEP-FI for Senior Bankers. As part of India’s G20 Presidency, Madhav was invited by Policy Circle in March 2023 to speak at their event Digital India – Empowerment and Transformation covering the Digital initiatives of Indian Banks in the changing Technological Landscape.

Madhav is the Co-Chairman of the National Committee on Banking & Finance of The Associated Chambers of Commerce & Industry of India (ASSOCHAM) for the year 2024-25 and member of the National Committee on Banking & Finance, Federation of Indian Chambers of Commerce & Industry (FICCI) and Indian Merchants Chambers (IMC).

Deputy Chairman

Shri Ajay Kumar Srivastava

Indian Overseas Bank

Shri Ajay Kumar Srivastava has been elevated as Managing Director and CEO of Indian Overseas Bank with effect from 1st January 2023 from his current posting as Executive Director since 9th October 2017.

He started his banking career as Probationary officer in 1991 with Allahabad Bank where he worked in various capacities in different parts of the country. He is an astute and hardcore banker with vast field level experience and has the distinction of having successfully led the largest and most critical areas of Uttar Pradesh, Gujarat and Delhi while working at senior level in Allahabad Bank. He has to his credit of having undergone reputed training programs both in India and internationally.

After successful completion of about 27 years in Allahabad Bank he was elevated as Executive Director by Government of India and he joined Indian Overseas Bank on 09.10.2017.

At Indian overseas Bank as Executive Director, he had a very challenging journey. Bank was in PCA since 2015.Through his strategic leadership and key interventions, he played a pivotal role in turning around the bank’s performance—bringing it out of losses and leading its successful exit from the PCA framework in September 2021. This achievement remains a defining highlight of his tenure as Executive Director.

With the experienced gained from steering the Bank through the turbulent times, he has rekindled the growth story of the bank while maintaining consistent performance across all key financial parameters. This included ensuring a high degree of compliance, adopting strong risk culture, digital transformation and promoting sustainable long-term growth.

Under his leadership as MD & CEO, the Bank has been honored with several prestigious awards and accolades. Among those are the five distinguished citations secured at the IBA Banking Technology Awards 2025 for the second consecutive year. Under EASE (Enhanced Access & Service Excellence) initiative, IOB was recognized as the top improver in the EASE 5.0 rankings. The Bank also earned the Rajbhasha Kirti Award for excellent implementation of the Official Language for two consecutive years, 2022-23 and 2023-24.

He is the Chairman of the Standing Committee on Legal and Banking Operations of Indian Banks’ Association (IBA) and the member of Managing Committee of IBA. Additionally, he serves as a member of the Governing Board of Institute of Banking Personnel Selection (IBPS).

Honorary Secretary

Shri B Ramesh Babu

The Karur Vysya Bank Ltd.

Shri B Ramesh Babu is an astute Banker with four decades of all-round experience in wide range of areas viz., Commercial Banking, Financial and Non-Banking services to Retail, MSME, Corporate & Institutional, Stressed Assets Management, Risk Management, Compliance, Asset Liability Management, Human Resources Management, Investment Operations, Trade Finance and Agricultural customers in different geographies in India and abroad (SBI, Chicago branch as Vice President).

He is a Strategic planner with comprehensive managerial acumen, offering varied experience in Banking and excelled in every assignment creating high performance organisation through various successful HR initiatives and Relationship Management. He has deeper Analytical skills, Managing Crisis effectively, Strong abilities for goal setting, executing result oriented strategic initiatives even under high stress scenarios and tight timelines. He is a Postgraduate in Commerce from Andhra University, Waltair and a Certified Associate of the Indian Institute of Bankers. He holds "Diploma in International Factoring" conducted by Factors Chain International, Netherlands.

He was Ex-Deputy Managing Director & Chief Operating Officer in State Bank of India and has experience of developing and overseeing the Retail Business and Banking Operations for more than 21,000 retail branches and 1,20,000 other touch points of the Bank (ATMs/ Customer Service Points) successfully. He has successfully headed the whole business and operations of 1,300 Branches of Chennai Circle of SBI. He was actively involved in Direction setting and Policy formulation by participating in various apex committees of State Bank of India. He has also vast experience as a Director on the Boards of five Associate Banks of SBI and Invitee on to the Boards of Non-Banking Subsidiaries.

Shri B Ramesh Babu, has taken charge as MD & CEO of KVB on 29th July 2020 in a highly challenging external (pandemic) and internal (Bank's subpar performance) environment, he took vigorous steps to put the Bank back on growth track. During his 1st term he was primarily responsible in complete turnaround of the Bank by focusing on business growth, growing profits, improving asset quality, forging new business partnerships with NBFCs/Fintech’s, improving technological offerings of the Bank and his focus on internal controls resulted in improved effectiveness.

While his first term of three years was fully dedicated in turning around the Bank, the second term is focused in sustaining the good performance of his first term and further fortifying the positions. He was re-appointed as Managing Director & CEO of the Bank, for the second term of three (3) years, with effect from July 29, 2023.

The CAGR of the Bank in respect of top-line stands at 13% since his taken charge, equally contributed by growth in both Deposits and Advances. Almost all the credit verticals in the Bank achieved double digit top-line growth during the period. The money market investments were made predominantly on low duration instruments and the yield from investments also improved.

Bank withstood the pressure on Net Interest Margins due to rise in cost of deposits and achieved a Net Profit of Rs. 1,605 Crore during the FY 2023-24, highest in the Bank's history. The Operating Profit also witnessed growth during this period.

The Return On Assets of the bank which was 0.19% in Dec'2020 has improved to 1.72% in Dec'24.

Apart from achieving top-line growth and strengthening the bottom-line, the Bank's key performance ratios viz., Return on Equity, Earnings Per Share, Profit per Employee were maintained at historical highs.

Rigorous focus on Asset Quality resulted in decimating the Gross NPAs to 0.83% and Net NPAs to 0.20% for the period ended Dec'25 as compared to 7.37% and 2.55% respectively for the period ended Dec'20. Collection efficiency across working capital accounts and term loans was about 99.8% and the SMA 30+ accounts for only 0.39% of the Bank's Advances. The Provision Coverage Ratio has been ramped up to about 95%.

Special focus was made on strengthening the compliance culture, risk management and internal controls of the Bank resulting in overall improvement in governance across the Institution.

Investors across the spectrum have been evincing keen interest in investing in the Bank, indicating their positive view on the Bank.

The market cap has been improved from Rs.36.49 billion to Rs.183.74 billion during the last five years.

The bank also repaid the high-cost Tier II Bonds in March 24 due to decent growth in Net Profit. Inspite of this, CRAR continues to be healthy and is at 16.67 providing optimal capital efficiency & comfortable headroom for growth for the bank.

Karur Vysya Bank has been awarded two consecutive years as "Best Bank Award in the small Bank category" by Business Today is a testament to the Bank's commitment to excellence, innovation and customer satisfaction.