Board of Directors

Shri Ashutosh Choudhury is a MBA professional and is also a Certified Associate of Indian Institute of Bankers. He has rich banking experience of more than 2 decades. Prior to joining as Executive Director of Indian Bank, he was serving as Chief General Manager & Group CRO of Punjab National Bank.

Shri Ashutosh Choudhury rose through ranks serving various offices of four Public Sector Banks viz. Punjab National Bank, Oriental Bank of Commerce, United Bank of India and Allahabad Bank. His work experience includes working in Enterprise Risk Management, Strategic Planning, MSME & Retail Credit, Profit Centric Operations, Fintech & Digital Banking, Treasury, Corporate Credit, Micro Finance & Financial Inclusion, Balance Sheet Management.

He has also completed Executive Leadership Development Programme of IIM Bangalore.

He has also served as Director in the Board of PNB Gilts, a subsidiary of PNB, functioning as Primary Dealer (PD) in Indian capital & debt market.

Ms Padmaja Chunduru has assumed charge as Managing Director & CEO of Indian Bank on 21st September 2018. Prior to this, she was Deputy Managing Director (Global Markets), State Bank of India, Corporate Center, Mumbai.

A Post Graduate in Commerce from Andhra University, and CAIIB, Ms Padmaja joined SBI in 1984 as a Probationary Officer. In a career spanning more than 3 decades, with postings in India and USA, she gained rich experience in corporate lending and Credit management, Retail operations and Digital Banking, Treasury and International operations.

As DMD, Ms. Padmaja headed the Global Markets and Digital Banking verticals in SBI. Prior to assuming the role of DMD, she was the Country Head of the Bank in USA between September 2014 and August 2017. During this tenure, she handled the responsibilities of designing and overseeing strategic planning, business activity, risk management and compliance in the US Offices of SBI in New York, Chicago and Los Angeles. She was instrumental in driving local US business through both syndicated and bilateral loans to US Corporates. She maintained good relationship with FRB, FDIC and State Regulators. Ms Padmaja was also Vice-Chair of Board of Directors and Chair of EC of SBI (California), a US-based subsidiary bank of SBI. She headed the Combined US Ops Risk Committee constituted under Dodd Frank Act. She was on the Banking committee of USIBC and a member of the Board of Trustees of the International Bankers Association New York, Asia Society New York and the Pacific Rim Bankers Group, San Francisco.

Earlier, Ms. Padmaja was General Manager of Corporate Accounts Group in SBI between October 2012 and August 2014, when she established the CAG-BKC office of SBI. She played a key role in establishing and managing relationships with large India conglomerates. She was responsible for the underwriting of new loans, maintenance of asset quality and compliance with regulatory guidelines.

Prior to this, she was DGM, Mid-Corporate Group from October 2008 till September 2012 and headed the Diamond branch and later, the Commercial branch in Mumbai.

In her first overseas stint, Ms. Padmaja joined SBI Los Angeles Agency, in USA, in September 2001 as Vice President (Credit & Operations) and completed the assignment in February 2006 as its CEO. During this tenure, she led the business growth, management and operations of the federally regulated Agency in California.

Presently, Ms. Padmaja Chunduru is a member on the Board of Life Insurance Corporation of India while serving as a Director on the Board of the New India Assurance Company Ltd. She is also a member in the Managing Committee of Indian Banks Association and a member of the Insurance Advisory Committee of IRDAI.

Mr. Shenoy Vishwanath V, assumed charge as Executive Director of the Bank on December 01, 2018. Is a Commerce Graduate from Mumbai University. Joined as Probationary Officer in Union Bank of India on 17th January, 1985. Is also an Associate Member of Indian Institute of Bankers and successfully underwent one year Management Education Programme conducted internally by the Union Bank of India.

Is a career banker since last 35 years. Has worked in Branches in Rural, Semi Urban, Urban and Metro centres as well as Administrative Offices in different geographies as Branch, Saral, Regional and Vertical Head.. Worked in different verticals like Credit, Vigilance, Transaction Banking, Credit Policy and MSME, Large Corporate as well as Chairman’s Secretariat. Was a Core member in Verticalisation and Centralisation of Credit functions. Is also a Nominee Director on the Board of Central Registry of Securitisation Asset Reconstruction and Security Interest of India.

Mr. M.K.Bhattacharya, aged 56 years, was appointed as the Executive Director of Indian Bank on February 16, 2017. He holds M.Com and CAIIB. He is an Associate Member of Institute of Cost and Works Accountant (AICWA). He joined State Bank Group as Probationary Officer in 1985 and was posted to State Bank of Mysore and had a stint there at various levels up to Assistant General Manager. He was promoted to DGM Cadre in 2010 and moved to State Bank of Hyderabad. On promotion to GM Cadre in 2013, he moved to State Bank of Travancore (SBT) and held various assignments and got promoted to Chief General Manager in 2016. During his stay at State Bank group he headed the branches at various scales and is having wide experience as Branch Head (22 years), Regional Head (1 year) and Module Head (3 years) spanning across India. While serving in SBT, he had also played role as Chief Risk Officer of the Bank and engaged in other assignments viz., General Manager-Business Strategy, Retail Banking, NRI Banking, Controlling foreign offices of the Bank.

Shri Ashwani Kumar assumed charge as Executive Director of Indian Bank on 21st October, 2021
Shri Ashwani Kumar is Chartered Accountant, Post Graduate in Commerce and also a Certified member of Indian Institute of Bankers. He has rich banking experience of more than two decades. Prior to joining as Executive Director of Indian Bank, he was serving as Chief General Manager of Mumbai Zone of Punjab National Bank.

Shri Ashwani Kumar rose through ranks serving various offices of four Public Sector Banks viz. BOB, Corporation Bank, OBC and PNB. His work experience includes working in Wholesale Banking division and as Head of several Branches (including Industrial Finance Branches and LCBs). As General Manager, he was heading Mid Corporate and Large Corporate verticals and was also CFO.As a vivid learner, he has attended various training programs in premier institutes in India and abroad including IIM and CAFRAL. He has also completed Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. Ltd.

Dr. Alok Pande is a Senior Civil Servant specializing in the world of Finance. An officer of the 1994 batch of the Indian Postal Service (Civil Services Exam, 1993) he is currently working as Additional Secretary to Government of India in the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance. He has earlier worked as Joint Secretary DIPAM (2019-23), and Director DFS (2011-16), in the Ministry of Finance.

Dr Pande did his Bachelors in Engineering (Mechanical) from NIT Allahabad where he was a Gold medallist and his FPM(Doctorate) from IIM Bangalore in the area of Capital Markets. His FPM thesis was awarded the NSE Award for “Best Thesis in Financial Economics’.  He also won the Marie Curie Fellowship to go to Manchester Business School (UK) as a part of his Doctorate.

In his present assignment he is handling a crucial assignment of the disinvestment of Government and LIC’s equity from IDBI Bank.

As Joint Secretary, he handled the prestigious IPO of Life Insurance Corporation of India in May 2022 which was India’s largest IPO. In 2020-21, amidst Covid times, he was instrumental in the listing of 3 companies-Mazagon Dock Limited, IRFC and RAILTEL.

With an experience of more than 29 years, Dr Pande has handled various positions in the Government of India. Before moving to the Ministry of Finance, he was handling the IT project of Department of Posts as Deputy Director General. This IT Project has enabled digitisation to reach more than 128000 villages in the country.

Prior to that, he was instrumental in the launch and execution of the Pradhan Mantri Jan Dhan Yojana (PMJDY) as Director in the Department of Financial Services of the Ministry of Finance. The Jan Dhan Aadhar Mobile (JAM) Trinity today has transformed not only the payments landscape but also that of Direct Benefit Transfers and stands out in the world as a fine example of the Digital Public Infrastructure (DPI).

He has been a Board Member of the Indian Overseas Bank from 2011-16 and is presently on the Board of  Specified Undertaking of the Unit Trust of India (SUUTI).

Dr Pande has published in two of the prestigious Journals in the world of Finance-Journal of Corporate Finance and Journal of Financial Markets.

Smt K Nikhila holds a Post Graduate Degree from Utkal University, Bhubaneswar. She is a Certified Associate of the IIB&F. She joined the Reserve Bank of India in 1995 as an Officer. Over the last 28 years, she served in various capacities in RBI’s Regional Offices at Chennai, Hyderabad & Navi Mumbai and also in various Central Office Departments in Mumbai. Her areas of expertise include Supervision, Enforcement, Information Technology, Consumer Protection, Financial Inclusion and Currency Management. She was a member of the Sub-group on Financial Consumer Protection and Financial Literacy at the Global Partnership for Financial Inclusion for an year.She also briefly held the post of Director, IDRBT. She was on deputation for a year to the Government of combined Andhra Pradesh as Officer on Special Duty.She is presently the Regional Director of RBI for the State of Telangana.

Mr. J K Dash, aged 51 years, was appointed as the RBI Nominee Director of Indian Bank by the Government of India from November 16, 2016. He holds Master’s degree in Economics. He is presently the Regional Director of Reserve Bank of India, Ahmedabad. He has risen to the present position with the Central Bank of the country after a few decades of service with the Regulator.

Mr. Vijay Kumar Goel, aged 52 years, was appointed as Chartered Accountant Director of Indian Bank from July 26, 2016. He holds B.Com (Hons), and FCA. He is a practicing Chartered Accountant. He is a member of PHD Chamber of Commerce & Industry and FICCI. He has founded a Society for Development of Infrastructure and Entrepreneurship. Policy development issue on Solar Power are being taken up with Government besides extending strategic advice on the Solar Power Sector. He has undergone professional programmes like (i) Special Management Programme leading to MBA from IIM, Kolkata, (ii) Venture Capital Development Programme of ISB, Hyderabad, (iii) Infrastructure Development & Financing from IIM, Ahmedabad, and (iv) Programme on PP & Infrastructure at IIM, Ahmedabad. He has expertise in Audit, Due Diligence, Corporate Restructuring, Project Financing, Working Capital Finance and Management Consultancy. He is an Advisor to a large US-based Private Equity Investors in Renewable Energy Sector and has conducted Statutory Audit of large banks like SBI, Bank of Baroda etc.

Shri Padmanaban Vittal Dass, aged 69 years, has been re-nominated as a Part Time Non-Official Director on the Board of Indian Bank by Government of India, vide notification dated 21.10.2019. He was a Board member of Indian Bank as Part time Non-official Director from 25.04.2016 to 24.04.2019.
Born at Kumbakonam, Tamil Nadu, on 2nd May 1950, he had his initial education at Kumbakonam and Thiruvidaimarudur and pursued UG and Post Graduation in Economics at St Joseph’s College, Trichy (Madras University). He did LL.B from Gujarat University later on, while in Indian Revenue Service (IRS).
Shri Padmanaban Vittal Dass was in the services of Government of India between 22nd July 1974 and 31st May 2010 and retired as Special Secretary in 1986.
During his official career spanning over 35 years with Government of India, Shri Padmanaban Vittal Dass has served at different geographical locations in the country like New Delhi, Ahmedabad, Bhopal and Mumbai. He received The President of India Award for Specially Distinguished Record of Service, on the Republic Day of 1991. He has visited various Customs formations abroad for familiarisation on Anti Smuggling Risk management, etc. After superannuation from Central Government Service, he was nominated as a Member (Personnel & Vigilance) in the Central Board of Excise & Customs. He is an Independent External Monitor for Chennai Petroleum Corporation and Unique Identification Authority of India (UIDAI).

Mr. Vinod Kumar Nagar, aged 65 years, was re-elected as a Shareholder Director of Indian Bank for a period of 3 years from July 01, 2017. Earlier, he was a Shareholder Director on the Board for a three year term from July 01, 2014. He is a retired Executive Director of Syndicate Bank. He is a B. TEXT, Post Graduate Diploma holder in Marketing and Sales Management and also MBA. He was a career banker with more than 25 years banking experience. Prior to joining Syndicate Bank, he worked in Punjab National Bank as Chief General Manager, New Delhi. He had worked continuously in No.1 position as Regional Manager, RRB Chairman and as Zonal Manager for several years. He was a Member of all important committees in Punjab National Bank such as Credit Committee, Investment Committee, Human Resources Management Committee, Steering Committee for CBS implementation and Apex level Compromise Committee. Consolidation of RRBs in various States took place under his supervision. He was also a Member of various important Committees such as IBA Sub-Committee on Financial Inclusion, Thorat Committee on RRBs’ functioning, RBI Empowered Committee on SME for the State of Punjab, Apex Committee formed by Ministry of Finance to review the efficacy of revised procedure in Non-Civil Ministries/Departments, Standing Committee formed by Ministry of Finance to review the handling of Government Transactions by banks accredited to Civil Ministries/Departments, etc.

Shri Shiv Bajrang Singh is a Post Graduate and a MBA professional. He is also a Certified Associate of Indian Institute of Bankers. He has completed Leadership Development Programme of IIM for Senior Management of Public Sector Banks.

He has rich banking experience of more than 3 decades. During his tenure, he worked in all key banking functions in various capacities viz., Rural, Treasury & FX, MSME, HRM, Business Process Re-engineering.

Shri Singh has business development background which comes from his strategic positioning as Zonal Manager and Deputy Zonal Manager. He has also worked in various verticals at the administrative offices.

At the Corporate level, he has steered the MSME Department, Finance, Planning & Strategic Intelligence and Human Resource Department with his expertise.

He has also served as Chairman of RRB-Arayavart Bank for a period of 5 Years. He is actively involved in academics also with more than 45 publications in Journals of national and international repute. He has served as visiting / guest faculty to Apex Training Institutes of the Industry such as Bankers Training College (RBI), National Institute of Bank Management (NIBM) and Bankers Institute of Rural Development (BIRD).

Mr. Salil Kumar Jha was appointed as Part-time Non-official Director with effect from 27 th Dec 2017. He is a Mechanical Engineer (Topper & Gold Medalist) from NIT Jamshedpur and completed his MBA from FMS Delhi. He is the former Managing Director of Hindustan Aeronautics Ltd, a Navratna PSU and biggest defence company of India. He was also a part time Chairman / Director of Five Joint Ventures of HAL. Prior to joining HAL, he also worked with Engineers India Ltd & NTPC. He was instrumental in setting up a state of the art Strategic Electronic Factory at Kasargod, Kerala. He formed strategic ties with global defence players to bring in latest cutting edge technologies to India. R&D centres under him developed a number of new systems and filed record number of patents. New markets were also explored during his tenure. His policies like migrating from in-house manufacturing to outsourcing and moving from Transfer of Technology to risk sharing partnerships increased the general productivity and profitability of the organisation. Divisions under him received the Raksha Mantri Award for best performing division among all PSUs & ordinance factories under Ministry of Defence, twice.

Shri K. Ramachandran has assumed the office of Executive Director of Indian Bank on 1st April, 2020, subsequent to Amalgamation of Allahabad Bank into Indian Bank
He has taken charge as Executive Director of Allahabad Bank with effect from 26th December 2018. He is a Post Graduate in Science with Post Graduate Diploma in Computer Application. He joined Corporation Bank as Probationary Officer in May 1985 and had worked in Branches, Corporate Office and other Controlling Offices.
He was part of the core team involved in the design, development and implementation of the total Branch Automation, Internet Banking and Mobile Banking application of Corporation Bank. As Asst. General Manager, Priority Sector he had implemented the voice enabled Point of Transaction, Hand Held Terminals used by Business Correspondents. Shri Ramachandran held independent charge of Alternate Channels, Credit Monitoring verticals and had headed Thane Zone of Corporation Bank. On elevation to General Manager Cadre, he was heading Chennai Circle of Corporation Bank from April 2016.

Shri Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1^st September 2021. Prior to this, he served as Executive Director of Bank of Baroda (BoB) for three years, from Sep 2018 to Aug 2021.
As Executive Director in BoB, he played a pivotal role in the amalgamation process of
Vijaya Bank and Dena Bank with Bank of Baroda. He was overseeing Large Corporate
Credit, Stressed Assets and International Banking in BoB. He was also serving as
Nominee Director /Chairman in the subsidiaries of BoB in Uganda, Tanzania, Baroda
Global Shared Services (BGSS) etc.
Before his elevation to the post of Executive Director in BoB, he was General Manager
in Allahabad Bank where he served as Chief Financial Officer, Chief Risk Officer and
headed IT department of the Bank. He has also headed Agra Zone as Zonal Manager
and as Field General Manager (West) Mumbai. He joined Allahabad Bank in 1993 as
Chartered Accountant and has served in branches and administrative offices of the
Bank. He has also worked in various Industries before joining Allahabad Bank.
Shri. Jain is a Post Graduate in Commerce, with Professional Qualification of Chartered
Accountant, Company Secretary and CAIIB. He has 37 years of post-educational
qualification experience including 6 years of industrial experience and 31 years of
banking experience.
Shri. Jain is the Deputy Chairman of Indian Banks’ Association (IBA) and a member of
its Managing Committee. He is also heading the IBA Standing Committee on
Corporate Credit and serves as Alternate Chairman of Standing Committee of HR & IR
and Finance Committee of IBA. He is the Non-Executive Chairman of Universal Sompo
General Insurance Company and a member in the Governing Body of IIBM Guwahati.
He is member in the Executive Committee as well as the Chairman of the Education
and Training Committee in IIBF.

Shri Shri Brajesh Kumar Singh Has Assumed Charge As Executive Director, Indian Bank On 10th March 2024.
Shri Brajesh Kumar Singh is an Agriculture graduate from Allahabad Agriculture Institute and MBA Finance. He is also a Certified Associate of Indian Institute of Bankers.

He has rich banking experience of more than 28 years. Prior to joining as Executive Director of Indian Bank, he was serving as Chief General Manager HR of Bank of Baroda. He has also completed Executive Leadership Development Programme at IIM Bangalore.

Shri Brajesh Kumar Singh has worked in various strategic positions viz. Credit Officer, Branch Head, Loan Factory Head, Regional Head, Zonal Head. He was also Convenor of State level Bankers Committee. His business exposure includes Overseas tenure at Durban, South Africa. At Corporate Office, he has steered Retail Assets and Human Resource Management departments with his rich expertise.

He has also served as Director in the Board of Bank of Baroda UP Gramin Bank.

Smt. Papia Sengupta is a Science Graduate, with additional qualification of CFA and CAIIB (Both Parts). She joined SBBJ in 1983 as Probationary Officer and has handled responsibilities in several offices of SBBJ, SBI and SBP.
Smt. Papia Sengupta retired as Executive Director, Bank of Baroda on 30.09.2019. Prior to joining Bank of Baroda, she held the position of Chief General Manager (Retail Banking) since April 2016 and Chief General Manager (Stressed Assets Management Group) since June 2015 at State Bank of Patiala (SBP). Smt. Sengupta also served as General Manager of Delhi network at State Bank of Bikaner and Jaipur (SBBJ).

Shri Pradeep Kumar Malhotra has assumed the Office as Shareholder Director of the Bank on 09.03.2024 and shall hold Office for a period of 3 years i.e. upto 08.03.2027.
Shri Pradeep Kumar Malhotra, Managing Director & CEO of IDBI Trusteeship Services Limited, deputed by LIC of India. He has rich experience of over three decades in various capacities including in Individual & Corporate Marketing, LIC Housing Finance Limited, Legal & Corporate Strategy and Investment functions of Life Insurance Corporation of India.
He has more than 12 years of experience in managing diverse Investment Functions such as Debt, Equity, Treasury, and ULIP Fund Management. He has also represented LIC of India, his parent company on the Advisory Board/Investment Committee of many Venture Funds. He was secretary in the high powered Investment Committee of LIC of India.
He has also worked as Chief (Legal) in the Corporate office of LIC of India overlooking various legal functions of the financial behemoth. He is a qualified Engineer, Graduated from Delhi College of Engineering besides being a Fellow of Insurance Institute of India.
He has reached highest level in NSE Certification of Financial Market (NCFM) and is also a qualified Company Secretary (Executive level). He has attended different Leadership programs from ISB, IIM Ahmedabad and other premium Institutions; and has attended various seminars conducted in India and overseas.

He is a post graduate in Commerce from Ranchi University.
He was an active member of Jharkhand State Transport Authority from 2001 to 2004 and member of Jharkhand State Level 20 Points Programme Committee from 2016 to 2019.
As a member of Jharkhand State Transport Authority, he had a role to promote rural economy and improve transportation sector. He is a social activist and as a member of Jharkhand State Level 20 Points Programme Committee, he was focusing on encouraging Agriculture, Rural Economy, Small Scale Industries & Information Technology and alternative dispute resolution. Poverty alleviation, facilitating government schemes to beneficiaries were also his subject of interest.
Shri Balmukund Sahay is appointed as Part-time Non-Official Director of the bank on 21.12.2021

Shri Mahesh Kumar Bajaj assumed charge as Executive Director of Indian Bank on 21st November, 2022
Shri Mahesh Kumar Bajaj is a Postgraduate (M.Sc.) in Applied Mathematics from Kurukshetra University and is also a Certified Associate of Indian Institute of Bankers.

He started his banking career as Probationary Officer with Indian Bank in June 1993 and has over 29 years of experience working in diversified areas both in India and Singapore. During his tenure, he worked in all key banking functions in various capacities viz., Corporate, Transaction, Retail, Rural, Treasury & FX, NPA Management, Human Resources & Internal Audit. He led the International Division, Integrated Treasury and headed Large Credit Branches of the Bank. As the CEO of Indian Bank, Singapore, he has brought various new initiatives viz., setting up of BPR Committee to review the process and procedures, strengthening the compliance aspects, introducing new HR and IT Initiatives in line with the best in Industry. As General Manager – Integration Management Office, he successfully steered amalgamation of Allahabad Bank into Indian Bank.

In his role as General Manager, he was heading the Transformation Management Office, Business Process Reengineering, Digitisation, Analytics Center of Excellence, Marketing and Corporate Communication Departments of the Bank. He was also leading the digital and operating model transformation projects of the Bank – Project WAVE (World of Advanced Virtual Experience) and Project LEAP (Leadership through efficiency, agility and process Transformation).

As a vivid learner, he has attended various training programs and workshops in premier institutes in Singapore and India including Monetary Authority of Singapore (MAS), IIM (Ahmedabad and Bangalore), IIFT (Indian Institute of Foreign Trade) Delhi, and CAFRAL. He has also completed Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau (now FSIB) besides completing the Corporate Governance Programme conducted by Indian Institute of Corporate Affairs.

Shri Mahesh Kumar Bajaj has also served as Non-Executive Director on the Board of Experian Credit Information Company of India Private Limited and Reliance ARC Limited. Presently, he is on the Board and various committees of the Board of Universal Sompo General Insurance Company Limited as a Non-Executive Director. He is Nominee Director of the Board of NPCI from 04 April, 2024.

Shri Sanjeev Krishnagopal Maheshwari is a Chartered Accountant and has more than 38 Years’ experience of practice in the field of Audit, Taxation and Management Consultancy. He was a member of the Central Council of Institute of Chartered Accountants of India (ICAI) for 9 years, and Chairman of Accounting Standards Board of ICAI, for 3 years during which he was instrumental in formulation of Ind AS and played a key role in rolling out of Standards. He has served on most of the technical committees as Chairman or member at ICAI. He has also served as the member of Quality Review Board constituted by Ministry of Corporate Affairs and been a member on several committees of South Asian Federation of Accountants.

He was Part Time Non-Official Director on the Central Board of State Bank of India from 20.12.2019 to 19.12.2022.

He is a member of the Institute of Chartered Accountants of India and holds Bachelor degree in Commerce from Meerut University.
He has experience of more than 30 years in direct taxation, international transaction advisory, Legal opinions, Expatriate Taxation etc. He also has extensive experience in Assurance Services, serving listed Indian and Multinational clients in various industries.
He has worked under various GAAPs (including USGAAP, IFRS, Ind AS, etc.). He is founder trustee of Eminent Educational Institute.
He is an active participant in public seminars on direct taxation, training and other motivational programs.
Shri Vishvesh Kumar Goel is appointed as Part-time Non-Official Director of the bank on 21.12.2021