Syndicate Bank
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Board of Directors

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Sri Ajay Vipin Nanavati
Non-Executive Chairman

 

1.

Name : Sri Ajay Vipin Nanavati

2.

Non-Executive Chairman Since : 22.08.2017

3.

Phone : 080-22201905

4.

Fax No : 080-22201134

5.

E-mail id : chairman@syndicatebank.co.in

6.

Career Profile & Experience :

Sri Ajay Vipin Nanavati joined 3M in India in 1988 as its first employee where he was responsible for forming the JV & building the organization from scratch. In the subsequent 28 years with 3M he held positions of increasing responsibility in various roles, across different geographies globally.


In 1993 he relocated to Singapore to manage the Asia Pacific region for the telecom business and then moved to Austin in 1998 in a global role where he was responsible for launching & leading a new services diversification for the company.
He then spent the next 4 years at corporate HQ in St. Paul, MN in senior strategy & new business development roles including leading the acquisition & integration of a new venture. In 2005 he moved to Israel as managing director of 3M Israel.


He returned to India in 2008 as the first Indian MD of 3M’s only public company outside the US. During this stint the company’s revenues doubled, market cap quadrupled with significant investments in local manufacturing & setting up of a major R&D center.


Immediately prior to his retirement he was Director, Global Channel Services & US Atlantic Pacific Operations back in St. Paul and Director, Asia Pacific & Greater China Region responsible for accelerating 3M’s growth in the Region.
He is currently on the board of Alicon Ltd. Additionally he is an active innovation evangelist on various forums, mentors start-ups/SME’s and an angel investor. He is the co-sponsor for the CII Directors Guild on corporate governance & a member of the CII Start up council.


Ajay holds a degree in Chemical Engineering from Virginia Tech., USA.


 

Shri Mrutyunjay Mahapatra
Managing Director & CEO

 

1.

Name : Shri Mrutyunjay Mahapatra

2.

Managing Director & CEO Since : 21.09.2018

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Phone No: : 080-22260941

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Fax No : 080-22201134

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E-mail id: : md&ceosectt@syndicatebank.co.in

6.

Career Profile & Experience :

Shri Mrutyunjay Mahapatra joined Syndicate Bank as MD & CEO on 21.9.2018. Mr. Mrutyunjay Mahapatra is a Post Graduate in Physics and Business Management. He had varied stints in State Bank of India, in the country and abroad for over 35 years. He has worked extensively in Corporate Credit, Leasing, Global Strategy, Payments, Transactions, General Management and Transformation Programmes at SBI. Till recently as the Deputy MD (Strategy) & Chief Digital Officer and CIO of State Bank of India, he has handled IT, Data and Analytics, Innovation of India’s largest Bank and SBI Group. He has worked on Boards of several Indian and Global companies.

He is a well-known public speaker and regularly writes for leading newspapers and periodicals. He loves long distance running and mentoring. He is a violin enthusiast and plays in Hindustani Classical style.


 

Sri S. Krishnan
Executive Director

 

1.

Name : Sri S. Krishnan

2.

ED Since : 01.11.2017

3.

Phone No: : 080-22264809

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Fax No : 080-22201474

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E-mail id: : edsec@syndicatebank.co.in

6.

Career Profile & Experience :

Sri S Krishnan has assumed charge as Executive Director of the Bank on 01.11.2017.

Sri Krishnan is a Post Graduate in Commerce and a qualified Cost Accountant (ICMA).  He is also a Certified Associate of Indian Institute of Bankers (CAIIB).

Sri S Krishnan joined the services of Indian Bank in January 1983.  In a career spanning over three decades Shri Krishnan gained expertise in almost all the key areas of banking, having served in rural, urban and metro Branches and also in Administrative Offices including Corporate Office of the Bank. 

Sri Krishnan has specialised in Credit, more specifically Corporate Credit. His experience in Risk Management is for over a decade and was the Chief Risk Officer of the Bank.   As Board Secretary, he took several initiatives to improve the Corporate Governance in Indian Bank.

Prior to the present elevation he was the Head of HR Function in Indian Bank and has been instrumental in initiating a host of reform measures aimed at enriching the quality of HR. Being Tech Savvy person, he always trusted technology as the game changer in the Banking and accordingly took several initiatives to digitize the processes in different fields wherever he has worked. He was also a member of IBA’s Sub-Committee on Performance Management System in Public Sector Banks.


 

Sri Ajay K Khurana
Executive Director

1.

Name : Sri Ajay K Khurana

2.

Director Since : 20.09.2018

3.

Phone No: : 080-22375706

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Fax No : 080-22375703

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E-mail id: : coedsec@syndicatebank.co.in

6.

Educational & Professional Qualification :
Post graduate in Business Management,CAIIB

7.

Career Profile & Experience :
Sri Ajay K Khurana joined Syndicate Bank as Executive Director on 20.09.2018.
He is a Post graduate in Business Management with CAIIB. Before joining Syndicate Bank, he was serving as General Manager at Vijaya Bank. He has rich experience in Audit, NPA Recovery, International Banking, Operations, Information Technology dept and Corporate Credit. He has served in field operations for 17 years and four years as Regional Head at Vijaya Bank.

 

Shri Y Nageswara Rao
Officer on Special Duty And Whole Time Director

1.

Name : Shri Y Nageswara Rao

2.

Director Since : 15.04.2019

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Phone No: : 080-22341466

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Fax No : 080-22342466

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E-mail id: : ed3.sec@syndicatebank.co.in

6.

Career Profile & Experience :
Shri Nageswara Rao has started his Banking career by joining Vijaya Bank in the year 1985 as Probationary Officer and has over 34 years of rich banking experience. Joined the Bank as an Officer, he rose to the level of General Manager handling multifarious activities both at the field level as Branch Head and Regional Head and at the Headquarters, handling key functional areas, such as Information Technology, Planning and Development, Risk Management, Merchant Banking, Customer Relations etc. He has served in the states of Karnataka, Madhya Pradesh, Andhra Pradesh, Nagaland, Uttar Pradesh, West Bengal, Maharastra and Gujarat, covering 12 centres, before moving to the Corporate Office.
Shri Y Nageswara Rao has assumed the Office of the Executive Director of Vijaya Bank on 22nd January, 2016.
He has served as the Director in Visweswaraiah Grameena Bank during 2009-10 and Director in Canbank Computer Services during 2013-14.
Shri Rao holds a Bachelors Degree in Commerce and is fluent in several languages. A Certified Associate of Indian Institute of Bankers, Shri Nageswara Rao has undergone many training programmes at various prestigious institutes like IIM Ahmedabad, IIM Kozhikode, CAFRAL etc, including workshop/training at Sydney in 2011 & at Washington in 2016. Sri Nageswara Rao has also attended SIBOS Conference 2018 at Sydney and ISB Global Advanced Management Programme at Chicago in January 2019.
He joined Syndicate Bank on 15.04.2019.

 

Shri. Gautam Prasad Borah
RBI Nominee Director

1.

Name : Shri. Gautam Prasad Borah

2.

Director Since : 26.04.2019
3. Educational & Professional Qualification :

MBA (Banking & Finance), L.LB  and Certified Associate of the Indian Institute of Bankers

   

3.

Career Profile & Experience :

Sri Gautama Prasad Borah has started his career by joining RBI in the year 1990 as probationary officer and has over 27 years of rich banking experience. He is presently working in RBI as a Chief General Manager –in charge. He is looking after Financial & Development Department, Reserve Bank Of India, Central Office, Fort, Mumbai. 

He has vast experience in banking and worked in various departments in RBI Currency Management, Foreign Exchange Management, Co-operative and Rural Credit Sector, Banking Regulation and Supervision, Government Debt Management and Government Business Segment, Payment & Settlement Systems and Financial Inclusion & Development. 


 

Dr. Sanjay Kumar
Government Nominee Director

1.

Name : Dr. Sanjay Kumar

2.

Director Since : 05.04.2018
3. Educational & Professional Qualification : MA (Modern Indian History), PhD

3.

Career Profile & Experience : He belongs to 2003 batch of Indian Post & Telecom accounts and Finance Service. He has joined Department of Financial Service as Director on 21.9.2017.
Prior to joining this Department, he was posted in Department of Telecommunication. In this Department, he dealt with the works related to Spectrum Usage Charges (SUC), License Finance and Universal Service Obligation Fund in various capacities. He was member of the committee constituted for revision of SUC for Captive users of Spectrum in India. He also worked as Director (Vigilance) in the Department.
He has also worked in Department of Post as Internal Finance Advisor and Director Accounts, and dealt with the works related to Finance advice, Accounts, Budget and Internal audit.
Presently, he is also member of disciplinary committee constituted by the Council of the Institute of Actuaries of India.

 

Shri Jayant Gokhale
CA Director

1.

Name : Shri Jayant Gokhale

2.

Director Since : 30.08.2016

3.

Educational & Professional Qualification : B.Com, LL.B, F.C.A.

4.

Career Profile & Experience :
 CA Jayant Gokhale qualified as chartered accountant in 1981, and thereafter obtained his Bachelor of Laws Degree. Mr. Gokhale co-founded the firm Gokhale & Sathe in 1982, and in the 90's authored two books - ‘Tax Deduction At Source’ & “Accounting Standards Notified under the Income Tax Act”.
In 1994, CA Jayant Gokhale was elected as a Member of the Western India Regional Council of Institute of Chartered Accountant of India (ICAI), where he became its Secretary (1997-98) and Chairman (1998-99). He was also the Jt. Sec of Chamber of Tax Consultants and member of its Managing Committee for many years.
In 2000, He was elected as Member of the Central Council of the ICAI. He was re-elected to this apex professional body for a consecutive period of 12 years until voluntarily stepping down in 2012. He was Chairman & member of numerous committees, including the Expert Advisory Committee, Accounting Standards Board, Auditing Standards Board, Board of Studies, Direct Tax Committee.
CA Gokhale was also a Member of the Committee for formulating roadmap for Convergence of Indian AS with IFRS. In 2010, as Chairman of Direct Tax Committee he wrote a paper for Finance Ministry & MCA on ‘Tax Issues Arising out of Convergence with IFRS’ which formed one of the reference points for formulation of the ‘Income Computation and Disclosure Standards’ (ICDS) - now notified by Finance Ministry, GoI.
He has worked extensively on the Government & Urban Local Bodies (ULBs) Accounting Reforms and been Chairman of Accounting Standards for ULBs. He was the Indian representative to an EU Conference on ‘Modernising Accounting in Local Bodies’ and has been nominated on committees constituted by the Ministry of Urban Development, GASAB, C & AG in this regard. He is a regular faculty for training government C& AG and PSU officials, and has been a consultant to Ministry of Defence -GoI & Govt. of Maharashtra on the same subject.
He was also involved in Audit of Bank Branches and worked as Central Statutory Auditor. Now, he is one of the Directors on the Board of SyndicateBank from 30.08.2016.

 

Shri Kamal Kishore Singhal
Shareholder's Director

1.

Name : Shri Kamal Kishore Singhal

2.

Director Since : 31.10.2018

3.

Educational & Professional Qualification : B.Com., M.A., LL.B. & F.C.A

4.

Career Profile & Experience :

Shri Kamal Kishore Singhal has been elected as a Director from amongst shareholders of the Bank (other than Central Government) for a period of three years from 31st October, 2018 to 30th October, 2021.

He is a Commerce Graduate and Chartered Accountant with Law qualification. He has also passed Company Secretary intermediate and has done M. A in Sociology.

He had joined LIC of India as Direct Recruit Chartered Accountant in 1985 and has worked in different capacities in various parts of the country. He has also held important assignment in Corporation’s overseas office at FIJI. Since 2008 he was working in Investment department of Corporation in different capacities. Along with the portfolio of Executive Director (Investment- Risk Management & Research) he was also the Chief Risk Officer of the Life Insurance Corporation of India.

He retired from the services of LIC of India on superannuation on 30.04.2018.


 

Shri Sunil Vashisht
Shareholder Director

1.

Name : Shri Sunil Vashisht

2.

Director Since : 17.09.2016

3.

Educational & Professional Qualification : B.com, FCA

4.

Career Profile & Experience :
CA Sunil Vashisht is a qualified Chartered Accountant since 1985 and practicing as a Chartered Accountant since then. He has been actively involved in various committees of The Institute of Chartered Accountants of India (ICAI). He was the Ex-advisor of the Banking Study Group and Committee of Members in Industry of ICAI.
He has gained vast experience in banking, finance and auditing and has previously served as Director on the board of Bank of Maharashtra from 2001-2004. He is presently also serving on the board of Madras Fertilizers Limited (MFL), A Govt. of India Enterprise.
He is actively involved with various organisations like PHD Chambers of Commerce, Assocham, Bhiwadi Manufacturers Association (BMA) and Investors Forum. In the past also he has held important positions with various organizations like Federation of All India Small and Medium Enterprises (FISME) etc.
He was the District Governor of Lions Club International, District 323 E1, during 2009-2010 and organized various programs and camps. He was also awarded an International Award for Humanitarian Services, by Lions Clubs International on 01.07.2010 in Australia. At present he is actively involved with various social activities through the organisations Rashtriya Vichar Manch (Regd.) and Sadbhawna,Shanti and Jagrati Mission Foundation (Regd).
He was elected as Shareholder Director of SyndicateBank w.e.f. 17.09.2016 for a period of 3 years.
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