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Board of Directors

Arun Ramanathan is the Part-time Chairman and Non-Executive Independent Director of our Bank. He holds a bachelor’s degree in science from University of Madras, a master’s degree in nuclear physics from Andhra University, a master’s degree in business administration from University of Madras and a master’s of philosophy degree in economics and politics of development from University of Cambridge. Further, he is an associate member of the Institute of Cost and Works Accountants of India. Prior to his becoming a Director of our Bank, he was a member of the Indian Administrative Service (Tamil Nadu Cadre, 1973). In his stint of more than 34 years of service in the Indian Administrative Service, he held several postings in the Government of India at the level of Secretary in various ministries, including Secretary in the department of Chemicals and Petrochemicals (Ministry of Chemicals and Fertilizers), Secretary in the department of Financial Services (Ministry of Finance) and at superannuation in 2009, the Union Finance Secretary.

He has served as a director on the boards of several companies including State Bank of India, IDBI Bank Limited, ICICI Bank Limited, India Infrastructure Finance Company Limited, IDFC Limited, Oil and Natural Gas Corporation Limited, Shipping Corporation of India Limited, Tamil Nadu Petroproducts Limited, National Textile Corporation Limited, ONGC Videsh Limited, Titan Industries Limited, United Stock Exchange of India Limited, Indian Clearing Corporation Limited, Jenson and Nicholson (India) Limited, JCT Electronics Limited, Religare Enterprises Limited and L&T Infra Debt Fund Limited. He was a member of the Life Insurance Corporation of India. He has served as chairman of the audit committees of Oil and Natural Gas Corporation Limited and Shipping Corporation of India Limited. He has also served on the Indian advisory council of Daimler (India) Commercial Vehicles Private Limited between 2010 and 2016.

He is a serving member on the investment committee of the Tamil Nadu Infrastructure Fund Management Corporation Limited and has been included in the panel of outside experts of Oil and Natural Gas Corporation Limited in the finance/commercial category.
Arun Kumar Verma is a Non-Executive Independent Director of our Bank. He has studied commerce from Sambalpur University and law from Utkal University. He is a fellow member of the Institute of Chartered Accountants of India. He has also served as the chairman of the Bhubaneswar branch of Eastern India Regional Council of the Institute of Chartered Accountants of India. He was felicitated for his efforts in the war against corruption by Transparency International India – Orissa Chapter in 2007. He has been a partner at M/s Venkataraman & Verma, since March 1, 1982.
Narayanaswamy Balakrishnan is a Non-Executive Independent Director of our Bank. He holds a bachelor of engineering degree in electronics and communication engineering from the University of Madras in 1972 and a doctorate of philosophy from the Indian Institute of Science and an honorary doctorate from Punjab Technical University. He was a professor at the Indian Institute of Science and retired from service in 2015. He is an honorary professor at the Supercomputer Education and Research Centre at Indian Institute of Science.

He is also an honorary professor at Jawaharlal Nehru Centre for Advanced Scientific Research. He has been awarded the Padma Shri in science and engineering category. He is a fellow at The World Academy of Sciences, National Academy of Sciences, Indian Academy of Sciences and the Indian National Science Academy.

He also served in the past as a member of the governing council of Centre for Development of Advanced Computing and as a director on the board of Bharat Electronics Limited, Industrial Finance Corporation of India Limited, Bharat Sanchar Nigam Limited and CDOT-Alcatel Lucent Research Centre Private Limited.
Lalitha Lakshmanan is a Non-Executive Independent Director of our Bank. She holds a master’s degree in bank management from Alagappa University (Distance Education), Tamil Nadu, India. Prior to joining our Bank, she has served as the chief general manager of Canara Bank.
Nagarajan Srinivasan is a Non-Executive Non-Independent Director of our Bank. He holds a master of arts degree in economics from University of Madras and a postgraduate diploma in business administration from the University of Warwick.

He is the head - south Asia for CDC India Advisers Private Limited which is a wholly owned subsidiary of CDC Group Plc, London. He advises the CDC Group on equity and debt financing transactions in south Asia. He has also served as a director with Actis, a global private equity fund and prior to that worked for CDC Group Plc in sub-Saharan Africa.
Sridhar Ganesh is a Non-Executive Independent Director of our Bank. He holds a post graduate diploma in management from Indian Institute of Management, Calcutta. He was previously the director of human resources of the Murugappa Group. Prior to that he has worked at Cadbury India Limited and at Cadbury Schweppes Plc, based in the United Kingdom.
Narasimhan Srinivasan is a Non-Executive Independent Director of our Bank. He holds a bachelor of arts degree in economics from University of Madras and a master of arts degree in economics from Madurai Kamaraj University. He is a certified associate of Indian Institute of Bankers. Prior to joining our Bank, he has served as the chief general manager at NABARD. He has also served as a director on the board of Belstar Microfinance Private Limited, Sahayaog Microfinance Limited, RGVN (Northeast) Microfinance Limited and Micro Credit Ratings International Limited. He has authored the 'Microfinance India – State of the Sector Report' for the years 2008-2011 published by Access Development Services and has co-authored the State of India's Livelihood Report for the years 2015-2017 published by SAGE.
Tabassum Abdulla Inamdar is a Non-Executive Independent Director of our Bank. She is an associate member of the Institute of Chartered Accountants of India. She has experience across firms like Goldman Sachs (India) Securities Private Limited, UBS Securities India Private Limited, Kotak Securities Limited and Jardine Fleming India Broking Limited. She has authored a report titled 'VimoSEWA – A capability assessment of the company's aspiration to build a scalable, sustainable micro-insurer' published by VimoSEWA Cooperative Limited.
Vinod Kumar Sharma is a Non-Executive Independent Director of our Bank. He holds a bachelor’s degree in science and a master’s degree in science from Sagar University. Prior to joining our Bank, he has served as the executive director of the RBI and has chaired the working group on interest rate futures and the working group on common clearing for commodity exchanges.

He represented the RBI at the meetings of the markets committee of the Bank for International Settlements from 2005-2012. He has also authored several essays published by the Bank for International Settlements on topics such as framework for pre-empting systemic financial risks, corporate debt market in India etc.
Vasudevan Pathangi Narasimhan is the MD and CEO of our Bank. He holds a bachelor’s degree in science (physics) from University of Madras. He is a qualified company secretary from the Institute of Company Secretaries of India.

He has extensive experience in the financial services sector and had served as the executive vice president and head of consumer banking group in Development Credit Bank Limited, for more than one and half years. He has also worked for about two decades in Cholamandalam Investment and Finance Company Limited, part of the Murugappa Group, where he joined as a management trainee and resigned as the vice president and head of vehicle finance.

He was also the chairman of the managing committee of the South India Hire Purchase Association for Fiscal 2006. He joined erstwhile Equitas Finance Limited, now our Bank on July 25, 2016. Prior to joining our Bank, he was the Managing Director of EHL.
Navin Avinashchander Puri is a Non-Executive Independent Director of our Bank. He holds a master’s degree in business administration from Texas Christian University. He is an associate member of the Institute of Chartered Accountants of India. He has previously worked as a part of the senior management team at HDFC Bank Limited.