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About Bank of Baroda

Our Board Of Directors

Shri. P. S. Jayakumar Chairman
(DIN : 01173236)

Mr. P. S. Jayakumar, 53 years is a Chartered Accountant by qualification and additionally holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur. He also has the distinction of being a Chevening Gurukool Scholar through the London School of Economics and Political Science.

Prior to his appointment as MD & CEO of Bank of Baroda, he was the Co-founder and CEO of VBHC Value Budget Housing (VBHC), a leader in housing for low and moderate income household from 2009 onwards. He was also the Co-founder and Non-Executive Promoter Director for Home First Finance Company, a housing finance institution regulated by the NHB, focused on financing customers who are not able to access mortgage loans from the banking sector.

He is a career banker and has spent over 23 years in Citibank in India and Singapore starting in 1986. He has contributed to several innovations in retail banking in India. In addition, he was associated with the first asset securitisation in India in 1991 and the first multi-lingual biometric ATM for the financially excluded in 2006.

Mr. Jayakumar has held diverse assignments while at Citibank such as Treasurer - Consumer Bank, Business Development Head covering deposit and lending business, Managing Director for Citi Financial Ltd, Managing Director and Head of Citibank Consumer Loan for Asia Pacific Countries (covering Indonesia, Philippines, Australia, Thailand, Hong Kong and Korea), Country Head - Citibank Consumer Business and Head of Balance Sheet Management - Asia Pacific. Mr. P. S. Jayakumar has also served as a Board Member in many of Citibank's subsidiaries in India.

Mr. Jayakumar is an avid cyclist and plays squash and golf in his spare time.

Shri. P. S. Jayakumar has been appointed as the Chairman of the Company with effect from November 21, 2015.

Shri Mayank K. Mehta Additional Director

Shri Mayank K. Mehta, is an Executive Director of Bank of Baroda. Prior to his elevation as Executive Director of Bank of Baroda, he was General Manager and Chief Financial Officer (CFO) at Union Bank of India.

Born on 12th September, 1958, Shri Mehta holds a Bachelors degree in Science from South Gujarat University and is also a Certificated Associate of Indian Institute of Banking and Finance (CAIIB).

Shri Mehta started his career in Union Bank of India in 1977 and rose to the position of General Manager in October 2012. He has held wide range of responsibilities in various capacities before his elevation as General Manager of Union Bank of India. Mr. Mehta, an expert in International Banking, has also been instrumental in technological development of the Bank and successful implementation of Core Banking Solution of the Bank.

Mr. Mehta was a Director on the Board of Union KBC Asset Management Company Private Limited, a Subsidiary of Union Bank of India. He was also a Director on the Board of KITCO Limited (formerly Kerala Industrial and Technical Consultancy Organisation Ltd.) between years 2010-12.

Shri Mayank Mehta has been appointed as an Additonal Director of the Company with effect from 24.07.2017.

Ms. Rajeshree Sabnavis Independent Director

Rajeshree Sabnavis specialises in tax advisory and transaction tax matters and has over 20 years of experience in advising clients on their cross border acquisitions and implementing the India business strategy for multinationals. She has also advised multinationals including Fortune 500 companies in the areas of tax and transfer pricing, and has assisted large Indian Companies in implementing their transfer pricing across jurisdictions in the ITES sector. She has worked with some of the larger portfolio investors investing in India including some of the large Institutional investors in managing their tax compliance and litigation in India.

Rajeshree is part of the Direct Taxation Committee with the Bombay Chamber of Commerce where she is a Co-Chairperson. In this capacity, she has represented India business Houses and Multinationals on various tax issues before the Central Board of Direct Taxes. She is a qualified Chartered Accountant and a Company Secretary.

Ms. Rajeshree Sabnavis has been appointed as an Independent Director of the Company with effect from 06.05.2017

Shri Arvind Mahajan Independent Director (Additional)

Shri Arvind Mahajan, is a graduate (B.Com. Hons) from Shriram College of Commerce, Delhi University and has a Post Graduate Diploma in Management from IIM, Ahmedabad. He is a Fellow of the Institute of Management Consultants of India and has attended management development programmes of Michigan Business School and Harvard Business School.

He has more than 38 years' experience in management consulting & industry. His management consulting experience has included more than 22 years as partner with AF Ferguson & Co, Price WaterhouseCoopers, IBM Global Business Services and most recently with KPMG. His industry experience was with Procter and Gamble in financial management and management reporting.

In his career at KPMG India (2006-2016) he has lead the management consulting services and later the energy, infrastructure, government and healthcare practices of the firm. He also had the privilege of being member of KPMG's Global Management Consulting and Global Infrastructure sector Leadership teams. On retirement from KPMG, he set-up Samiksha Advisors LLP (August 2016), a strategy and board advisory firm, of which he is Managing Partner.

His specialization is in advising CEOs & Boards in area of business strategy & helping "make strategy happen" through growth & transformation initiatives. He has also has strong background in corporate finance, enterprise risk management & people and change. He has advised clients in a diversified portfolio of industries with special emphasis on energy, infrastructure, resources, financial services, technology and telecom sectors His clients have included some of India's leading business groups and MNCs as well as government organizations including PSUs.

Shri Arvind Mahajan has been appointed as an Additional (Independent) Director of the Company with effect from 15.09.2017.

Shri Murari Lal Sharma Director
(DIN : 07020819)

Shri Murari Lal Sharma is the General Manager, Mid-Corporate Banking of Bank of Baroda.

Born on October 20, 1958, Shri Murari Lal Sharma is a professional banker.

He holds a masters degree in commerce (M. Com.,), a bachelors degree in law (L. lb.,), a diploma in labour law, labour welfare and personnel management (DCLL) and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).

In a career spanning almost 36 years in banking, he has acquired rich and varied experience in the areas of Branch Banking, Retail Banking and Wholesale Banking in various offices like branches, Regional Offices, Zonal Offices and in the Corporate Office.

He was also the Chief Executive Officer in Bank of Baroda's overseas territory in South Africa for 4 years during 2010-2014.

The shareholders at their 18th Annual General Meeting held on Wednesday, September 24, 2014 have elected him as Director of the Company.

Mr. Rakesh Kumar Bhatia
Appointed as a Director on 26.08.2016

Shri Rakesh Kumar Bhatia is the General Manager, Head Marketing and WMS of Bank of Baroda.

Shri Rakesh Kumar Bhatia completed his graduation in B.Sc. (Non-Medical) and completed his post-graduation in Economics and Diploma in Public Relation and Advertising (PGDPRA). Besides that he is also Certified Associate of the Indian Institute of Banking and Finance (CAIIB), completed Certificate Course in Rural Banking and Computing.

He has joined Bank of Baroda in Clerical Cadre in December 1980 and rose rapidly within the Bank to become the General Manager.

Shri Rakesh Kumar Bhatia is career Banker and has worked in different branches in various capacities including overseas territories, Bank of Baroda (Kenya) Limited, at Nairobi and Bank of Baroda UK operations in London

Shri Ratnesh Kumar Managing Director and Chief Executive Officer
(DIN : 03158432)

Mr. Ratnesh Kumar, 49 years, is an MBA from FMS, University of Delhi and M.Sc. (hons) Physics & B.E. (hons) Electrical and Electronics Engineering from BITS, Pilani, Rajasthan. He started his career in Indian capital markets and financial services in 1993 and over these 23 years he has had a varied experience in diverse organizations and leadership roles.

Prior to joining BOB Capital Markets Ltd, he was Managing Director, Head- Cash Equities India & CEO of Standard Chartered Securities India from July 2010 till March 2015, where main business segments were institutional brokerage, equity capital markets, equity research and retail brokerage. He was Managing Director, India Strategist & Head of India Research at Citigroup Global Markets India over 2000-2008 and played a key role in the set up and scale up of the company's India businesses. Prior to Citigroup, he was Head of Research and India Strategist at CLSA.

Over the years, Mr. Ratnesh Kumar and teams led by him have won many awards nationally and internationally.

He is an avid follower of basketball and chess.

Mr. Ratnesh Kumar has been appointed as the Managing Director & CEO of the company with effect from 1st November 2016.

Shri Virendra Somwanshi Whole Time Director

Virendra is a senior financial services executive with over 19 years of multi geography industry experience. A career Citibanker he has worked in multiple businesses across assets, liabilities, investments & securities. With more than 17 years at Citi, he has a long & successful record of scaling up the Retail banking and Wealth management franchise in India. With a couple of years of experience in Mortgages and Loan against shares businesses, in his last role he was the Country head of Citi Wealth Advisors and a short stint with the Regional Wealth team, Singapore. He also served as a Director on the Board of Citigroup Global Markets India Pvt. Ltd, as the head of the Managing Committee of Citi Wealth Advisors.

Virendra is a Bachelor in Engineering and holds a Master's in Business Administration from Symbiosis Institute of Business Management, Pune University. He is a Sports enthusiast and loves travelling with friends and family.

Shri. Virendra Somwanshi has been appointed as the Whole Time Director of the Company with effect from 06.05.2017

Shri. Raj Kumar Aggarwal - Independent Director Resigned with effect from 12.07.2017
(DIN : 02034914)

Mrs Purnima S. Rao Director - Resigned with effect from 24.07.2017
(DIN :07398485)

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