Managing Director & CEO’s Profile

Shri.Shanti Lal Jain
Managing Director & Chief Executive Officer

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.