Board Of Directors

Mr. T. N. Manoharan

Independent Director & Part - Time Chairman

Mr. T. N. Manoharan is a practicing Chartered Accountant with 38 years standing. He is the founder partner and mentor of the firm "Manohar Chowdhry & Associates". He served as Director at the instance of RBI in Sahara India Finance Corporation to protect the interest of depositors and winding up of the business and was appointed as Special Director by the GOI on the Board of Satyam Computers Services Ltd. He was a Member on the Board of Insurance Regulatory & Development Authority during 2006-07. He was the Non-Executive Chairman of Canara Bank for 5 years from 2015 to 2020. He was awarded the Business Leadership award & Indian of the year 2009 as part of the Satyam revival team and was also conferred with India's prestigious civilian award "Padma Shri”. His expertise lies in the field of Accountancy, Economics, Banking, Risk, Agriculture & Rural Economy, Small Scale Industry, Finance, Law, Human Resources, Business Management, Administration and Corporate Governance.


Mr. Rakesh Sharma

Managing Director & CEO

Mr. Rakesh Sharma is a seasoned banker with a total stint of over 40 years in various Banks. He started his banking career in State Bank of India (SBI) and held various responsibilities in SBI. He then moved to Lakshmi Vilas Bank Ltd. as MD & CEO and served there for a period of 18 months. He retired from Canara Bank as MD & CEO after serving for a period of 3 years, in July 2018. He has expertise in Accountancy, Agriculture & Rural Economy, Banking, Economics, Small Scale Industry, HR, Business Management, Administration and Corporate Governance.


Mr. Jayakumar Subramonia Pillai

Mr. Jayakumar Subramonia Pillai

Deputy Managing Director

Mr. Jayakumar S. Pillai, DMD of IDBI Bank has 32 years and 7 months of experience in Canara Bank before joining IDBI Bank. He has headed branches in various scales across different geographies and has rich experience in branch banking, mobilization of retail resources, Credit delivery in sectors like Retail, Agriculture, MSME and Recovery. He has also worked as Chief Executive of Canara Bank's UK operations for over 4 years and gained experience in International banking. He has expertise in Accountancy, Agriculture and Rural Economy, Banking, Economics, Finance, Small Scale Industry, HR, Risk, Business Management, Administration and Corporate Governance.


Mr. Sumit Phakka

Mr. Sumit Phakka

Deputy Managing Director

Shri Sumit Phakka is a senior banking professional with almost 30 years of experience in State Bank of India (SBI) in various capacities and geographies, viz., New Delhi, Chandigarh, Mumbai, Toronto with substantial exposure to branch banking and credit delivery to small and medium enterprises. Before joining IDBI Bank, he was working as Chief General Manager in SBI, New Delhi. He has also worked in various scales in Corporate Accounts Group in Mumbai and is experienced in branch banking, mobilization of retail resources as well as credit delivery in sectors like Retail, Agriculture, MSME, Recovery, etc. He was the Vice President (credit) at SBI’s Canadian Operations for five years where he managed the corporate credit portfolio of the Bank in Canada, which included marketing for new deals including bilateral deals and syndicate advances as well as India based deals and maintaining credit quality. He has expertise in Accountancy, Agriculture and Rural Economy, Banking, Finance, Small-Scale Industry, Business Management, Administration and Corporate Governance.


Mr. Manoj Sahay

Government Nominee Director

Shri Manoj Sahay is an IA&AS officer of 1994 Batch. He is BE (Civil) from University of Roorkee. He is presently Additional Secretary & Financial Advisor. He has expertise in Accountancy, Finance, Administration and Corporate Governance.


Mr. Sushil Kumar Singh

Government Nominee Director

Shri Sushil Kumar Singh is an officer of 2006 batch of Indian Defence Accounts Service. He is a post-graduate in Philosophy from University of Allahabad. He has diverse experience while holding independent charge of various offices. Presently he is working as Director, Department of Financial Services, Ministry of Finance looking after the Financial Inclusion division and monitoring the implementation of government flagship schemes like Pradhan Mantri Jan Dhan Yojana, Mudra Yojana, Stand up India scheme and micro insurance schemes. He has expertise in the field of Accountancy, Finance, Administration and Corporate Governance.


Mr. Mukesh Gupta

Mr. Mukesh Gupta

LIC Nominee Director

Mr. Mukesh Gupta has four decades of strategic leadership and operational experience in life insurance industry. He has worked across multiple verticals in various capacities heading all tiers of operational offices in LIC as Branch In- charge, Senior Divisional Manager, Zonal Manager & Executive Director with experience and expertise spread across Personnel, Marketing, Investment Operations, Bancassurance, Human Resources, New Business & Reinsurance, and Zonal Training Centre & Management Development Centre and retired as the Managing Director of LIC. He has special knowledge and practical experience in the fields of HR, Banking, Sales & Marketing, Business Management, Risk, IT, Finance, Administration and Corporate Governance.


Mr. Raj Kumar

Mr. Raj Kumar

LIC Nominee Director

Mr. Raj Kumar has four decades of strategic leadership and operational experience in life insurance industry and is an Ex-Managing Director of LIC. He joined LIC in the year 1984 as an apprentice officer and has experience in the insurance sector. He has also served as the chief executive officer of LIC Mutual Fund Asset Management Limited and was also the zonal manager, Bhopal, executive director (estate and office services), Mumbai, amongst others, of LIC. He was also the senior divisional manager of Gorakhpur and Jaipur divisions of LIC. He has been conferred with “Most Influential Human Resource Officer in Asia" an Award by CHRO, Asia. He has expertise in HR, Marketing, Business Management, Administration and Corporate Governance.


Mr. B. B. Joshi

Independent Director

Mr. B.B. Joshi is a career Banker with around 36 years of experience in Bank of India in various fields like Branch Banking, Corporate Credit, Foreign Exchange, Overseas Operations, Compliance, SME Banking, Retail Banking including overseas banking experience in Africa and USA. As Executive Director of Bank of Baroda, he was on its Board and Board Level Committees. He has expertise in Agriculture & Rural Economy, Banking, Finance, Small Scale Industry, Administration and Corporate Governance.


Mr. Samaresh Parida

Independent Director

Mr. Samaresh Parida is a Senior Management professional with proven track record of over 30 years in finance, strategy, operations, business reengineering in different sectors. He has experience in India as well as key global markets – specifically USA, Asia, Latin America and Europe. He is the Founder and CEO of SP Growth Consulting which provides management consultancy services. He has expertise in the areas of Accountancy, Agriculture & Rural Economy, Finance, IT, Business Management, Strategic Planning, Administration and Corporate Governance.


Mr. N. Jambunathan

Independent Director

Mr. Jambunathan is a career banker with rich experience at different levels in State Bank of India. He worked on different positions in the Bank in computer related Departments/ IT including as CGM-IT. He also held important assignments in Retail Banking and Payments business. He retired from State Bank as its Dy. Managing Director. He has worked as Advisor / Mentor with Reliance Payments Systems Ltd. for two years in respect of their payments related initiatives which included setting up of a Joint Venture bank with SBI. He has the expertise in Agriculture & Rural Economy, Banking, Small Scale Industry, IT, Payment & Settlement, Administration and Corporate Governance.


Mr. Deepak Singhal

Independent Director

Mr. Singhal is a retired Central Banker with rich experience at different levels in Reserve Bank of India and has a record of successful delivery through a range of challenging and diverse assignments. He retired from RBI as its Executive Director. He has the expertise in Agriculture & Rural Economy, Banking, HR, Administration and Corporate Governance.


Mr. Sanjay Gokuldas Kallapur

Independent Director

Mr. Kallapur is Professor of Accounting and Deputy Dean at the Indian School of Business. Prior to joining ISB, he was a tenured Associate Professor at the Krannert School of Management, Purdue University, USA. He has thirty years' of experience in teaching at the Bachelor's, Master's and PhD levels. In addition to ISB and Purdue, he has also taught at the University of Arizona, University of California at Irvine, the Hong Kong University of Science & Technology and National University of Singapore. He has expertise in Accountancy, Finance, Economics, Risk, Administration and Corporate Governance.


Smt. P V Bharathi

Independent Director

Ms. Bharathi is a seasoned banker with over 37 years of varied experience in banking operations. She retired as Managing Director and CEO of Corporation Bank on March 31, 2020. During her tenure with Corporation Bank from February 01, 2019, she provided strong leadership to the Bank and put the Bank on a growth path through various strategic initiatives. Having joined Canara Bank in 1982, she served in various capacities in Branches & Administrative Offices of the Bank as well as in Hong Kong office of the Bank and rose upto the position of Executive Director (WTD) there. Her expertise lies in the field of Agriculture & Rural Economy, Banking, Small-Scale Industry, Risk, Economics, Administration and Corporate Governance.


Mr. Ajay Prakash Sawhney

Independent Director

Shri Ajay Prakash Sawhney, a Graduate of Institute of Mechanical Engineers, London, UK (equivalent of B.E. Mechanical Engineer), is a 1984 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. He has served as Secretary to the Government of India, at the Ministry of Electronics and Information Technology and retired on February 28, 2022. As Secretary, Ministry of Electronics and IT, Government of India from June 2017 to February 2022, Shri Sawhney led the Digidhan Mission for promotion of UPI and digital payments, guided the growth of Aadhaar ecosystem and multiple national public digital platforms like Digilocker, Umang, Ayushman Bharat Digital Mission (Health), Bhashini (language technologies) and helped significant growth and acceleration of electronic manufacturing in India. He actively catalysed Indian technology start-ups and Atmanirbhar Bharat Apps, supervised cyber law and cyber security, Data Protection Bill, design of Indian micro-processors, supercomputing and the launch of the National Semiconductor Mission. He has expertise in Information Technology, Payment & Settlements, Human Resource, Administration and Corporate Governance.



Directorship and full-time positions in body corporates held by the Directors