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Mr. Rakesh Sharma

Mr. Rakesh Sharma (DIN:06846594) is Managing Director & Chief Executive Officer of IDBI Bank Ltd. from October 10, 2018. Prior to IDBI Bank assignment, Shri. Sharma superannuated as MD&CEO from Canara Bank after serving from 11.09.2015 to 31.07.2018. While in Canara Bank he also held the position of Chairman in the group companies of Canara Bank. Prior to this, Shri. Sharma was in Lakshmi Vilas Bank Ltd. as MD & CEO and served there for a period from March 07, 2014 till September 09, 2015. Shri. Sharma held the position of Chief General Manager in State Bank of India [SBI] before moving to Lakshmi Vilas Bank Ltd in March 2014. He had more than 33 years’ experience in SBI, holding key positions, which included Head of mid corporate accounts in Andhra Pradesh region, supervising retail operations in the States of Rajasthan, Uttarakhand & Western UP, banking operations in International Banking Group, credit assignments in specialized branches/ administrative offices, etc.

Mr. J. Samuel Joseph

Mr. J. Samuel Joseph (DIN:2262530)about 27 years of experience in Project & Trade finance. Was in-charge of the Loan Recovery & HR Groups at Exim Bank’s Head Office in Mumbai just before assuming charge as Dy. Managing Director of IDBI Bank Ltd. At EXIM, was in-charge of the Treasury, Resources, Accounts, and IT Groups. Earlier was in-charge of the Corporate Banking Group including SME & Agri Finance. Previously was head of Exim Bank’s offices in London, Milan & Hyderabad. Mr. J. Samuel Joseph was also a member of the Task Force on ‘Financial solutions for R&D in the Pharmaceutical Sector’ set up by the Ministry of Commerce & Industry, Government of India. Is also a member of the ‘BRICS Rating Agency Expert Group’ under the aegis of the BRICS Business Council.

Ms. Lalitha Rameswaran
Independent Director

Ms. Lalitha Rameswaran (DIN 2326309) is presently the Partner of M/s. Abarna & Ananthan, Chartered Accountants, Bangalore. Specialising in the field of Taxation (Income Tax, Service Tax & GST) and Banking Consultancy. In charge of Tax and Bank Audit practice of the firm. Handling the tax matters of various Nationlised and Private sector banks and appearing before Adjudicating Authorities, Appeal Commissioners, & Tax Tribunals. She has handled Statutory Central Audit of Private Sector Banks, Public Sector Undertakings & Private Sector Undertakings and is experienced in handling Stock Audit, Income Audit & other assignments of Public Sector & Private Sector Banks. Ms. Lalitha Rameswaran is presently on the Board of Canbank Factors Ltd., a subsidiary of Canara Bank.

Ms. Uma Shankar
Independent Director

Ms. Uma Shankar (DIN 07165728) was a former Executive Director of the Reserve Bank of India, Mrs. Uma Shankar was with the central bank of the country for a little over 37 years. Her core competence is in financial sector supervision but has also been responsible for currency management, foreign exchange and the internal accounting and administration. After completing her post graduation in English Literature she joined the RBI as a direct recruit officer. She is also a certified associate of the Indian Institute of Bankers and has had Executive education at Columbia Business School, New York(2009 alumni).
1) Co-Chair of the Standard setting Body for financial regulation- G-20 group.
2) Member ( alternate to DG) of the Financial Stability Board -Regulation and Supervision group.
Board positions:

  • Corporation Bank
  • UCO Bank
  • Canara Bank
  • ECGC

Mr. Venkat Nageswar Chalasani
Additional Director (Independent Category)

Mr. Venkat Nageswar Chalasani (DIN: 07234179) is Additional Director (Independent Category) of IDBI Capital Markets & Securities Limited. He retired as Deputy Managing Director, International Banking Group (IBG) of State Bank of India on 30th April 2021. During a span of 37 1/2 years of service in the Bank, Mr. Venkat held various distinguished positions in the Bank pan India and abroad. He worked in all the areas of Banking- Credit, Treasury, Retail, International Banking, Finance, Risk Management etc. As DMD, IBG, Mr. Venkat was overseeing 233 foreign offices spread across 32 countries with balance sheet size more than $ 62 billion. He had held CFO position of the Bank briefly for 6 months as additional charge from Mar 2020 to Sep 2020. Prior to his assignment as DMD (IBG), he was DMD, Global Markets overseeing the largest Banking treasury operations in the country. He is Science Graduate with PGDJ and CAIIB. He attended various senior management training programs at University of Chicago Business Booth school, Euromoney Training, Cambridge University, IIM Calcutta, IIM Bangalore and ISB, Hyderabad. Mr. Venkat is also Public Interest Director National Commodity & Derivatives Exchange Limited.

Mr.Iswar Padhan

Mr. Iswar Padhan (DIN 3560275) is MD & CEO at IDBI Capital Markets & Securities Limited. IDBI Capital is full-fledged financial services company inter alia providing Investment Banking, Stock Broking, Portfolio Management and Research services to institutional and retail clients.Senior level experience of Mr.Padhan includes managing IDBI Bank treasury as Chief General Manager and Head Treasury overseeing Domestic and Overseas Treasury functions during 2018-2020. He was a member of ALCO, Investment Committee and other committees at IDBI Bank.

Mr.Iswar Padhan has done a Masters in Economics and CAIIB. He has over 20 years of experience in the banking sector predominantly in Treasury, Retail Banking, Market Risk Management, ALM, FTP and Planning. He has experience in all major market segments viz., Money Market, Fixed Income, Forex, Derivatives and Equity.Mr.Padhan was heading the Bhopal region of IDBI Bank in 2016-18 managing retail banking and representing the Bank in State level Bankers Committee in Madhya Pradesh.

Mr.Padhan has served as Board Member/ Management Committee Member in market representative bodies viz, FIMMDA, FEDAI, PDAI and FAI.

Mr.Padhan had well integrated the experience in Treasury ALM, FTP, Planning and Risk Management and successfully implemented Fund Transfer Pricing and Asset Liability systems in the Bank which won awards from IBA and Asian Banker in 2011 for best implementation. He was also project leader in implementation of Integrated Treasury system.

Independent Directors Appointment Letter