Board of Directors

Since inception, people at the helm have shaped and executed ideas to leverage our unique perspective and experience. As visionaries, they have led us to the fore and continue to show us the way to the future.

Directors representing Government of India

Directors from Institutions and Commercial Banks

Whole-time Directors

Directors representing Government of India


Secretary (ER)

Ministry of External Affairs

Mr. Rahul Chhabra took over the post of Secretary (Economic Relations), Ministry of External Affairs on 8th June 2020. Prior to taking over his current post, Mr. Chhabra was High Commissioner to Kenya, Ambassador to Somalia and Permanent Representative to the United Nations Environment Programme (UNEP) & the United Nations Human Settlements Programme (UN-Habitat), based in Nairobi from Nov. 2018 to June 2020. He was Ambassador to Hungary and Bosnia & Herzegovina from August 2015 to October 2018.

At Headquarters, he worked as Joint Secretary (Central Europe). He conceived and organized the first two editions of the India-Central Europe Business Forum which has now become a regular feature in the Indian business calendar. During this assignment, he was instrumental in focusing India’s foreign policy towards the Arctic and the V-4.

While earlier serving in New Delhi, he worked to promote foreign investment flows into India, having been part of India’s delegation to the World Economic Forum at Davos. Later, he served as Director for External Publicity at the Ministry of External Affairs and Director in the Foreign Secretary’s Office.

During his stints abroad, Mr. Chhabra has served in Kenya, Hungary, China, United States, Philippines, France, Senegal and Belgium.

After an undergraduate degree in Economics, on the merit list, from the prestigious St. Stephen’s College, Delhi University, he obtained a graduate degree in Economics, with a national scholarship, from the premier institute Delhi School of Economics and Masters in Business Administration from the Indian Institute of Management (IIM), Calcutta, where he was placed on the Roll of Honour. Mr. Rahul Chhabra is married to Kavita and they have two adult sons.

Directors representing Government of India


Special Secretary

Ministry of Commerce and Industry

Mr. Bidyut Behari Swain joined the Indian Administrative Services in 1988. He held several positions at the district level in Gujarat from 1988 to 2001, as Trainee Officer, Sub-Divisional Magistrate, District Development Officer and District Magistrate. At the State Government level, he held several positions such as the Regional Passport Officer of Gujarat Region; CEO of Gujarat Infrastructure Development Board; Secretary, Education; Industries Commissioner; MD of Gujarat Industrial Development Corporation; and the Chief Electoral Officer. Mr. Swain was appointed as the Additional Secretary, Department of Commerce, Ministry of Commerce & Industry in March 2018.

Mr. Swain holdsMasters Degrees in Arts (Political Studies) from Jawaharlal Nehru University and in Public Policy & Management from the Institute of Social Studies, The Hague.

Directors representing Government of India


Senior Economic Adviser

Ministry of Commerce and Industry

Anand Singh Bhal joined the Indian Economic Service in the year 1985 and has worked in the Ministry of Finance, Ministry of Commerce & Industry, Ministry of Heavy Industry, Department of Public Enterprise, Planning Commission and Ministry of Urban Development. He has served as Officer on Special Duty (OSD) to the Chief Economic Adviser in the Ministry of Finance for five years. He has done a stint with the UK Aid Agency for three years as Economic Adviser, leading on projects relating to trade, industry and micro finance. He was trainer at Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussoorie, which is a National Training Institute for the Civil Servants in India. Presently, he is Principal Economic Adviser in the Office of Economic Adviser, Department for Promotion of Industry & Internal Trade (DPII&T), Ministry of Commerce & Industry (Govt. of India). He has contributed a number of articles in financial newspapers and journals.

He has a Masters degree in Economics from the Delhi School of Economics and an M.Sc in Public Economic Management from Birmingham University, U.K. Prior to joining the IES he has worked as a lecturer in Delhi University and as a banker with the State Bank of India.

Directors representing Government of India


Additional Secretary (Investment)

Ministry of Finance

Shri K. Rajaraman, a senior Indian Administrative Service Officer of Tamil Nadu cadre, is a B. Tech in Electronics & Communications, a first class MBA and Master of Economics.

Starting his career as a Design Engineer in BHEL, Trichy, during his rich and varied experience as an IAS Officer, he had held various administrative positions in the areas of Investment Promotion, Foreign Direct Investment, Public Sector Undertakings, Industrial Infrastructure, VAT Administration, etc. He was MD of Chennai Metro Railways for nearly 4 years during its early construction phase, Commissioner for Commercial Taxes in Government of Tamil Nadu and Joint Secretary Expenditure in Government of India in the recent past.

He has published articles in Business Line on 'Right to Information' and 'Energy conservation Policy'. He is a certified trainer in Incident Command System for Disaster Management and has served as a Disaster Rescue Team leader in Nagapattinam (Tsunami relief) and Kanchipuram (Floods 2015, 2016). His special interest is in the field of Right to Information, Industrial Policy and Investment Promotion, Human Development, Consumer Protection, Disaster Management, Urban Mobility and Entrepreneurship.

Directors representing Government of India


Additional Secretary

Ministry of Finance

Pankaj Jain is an IAS officer of the 1990 batch, currently the Additional Secretary, Department of Financial Services, Ministry of Finance, Government of India. He is an alumnus of Shri Ram College of Commerce from where he has a Bachelor’s degree in Commerce followed by an MBA from FMS Delhi. He also has a professional qualification in the discipline of accounting as an Associate of the Institute of Cost Accountants of India.

He has worked for the Governments of Assam and Meghalaya. This encompasses being District Magistrate at Shillong and Tura along with assignments in the Secretariat and State Corporations dealing with Power, Planning, Information Technology, Livelihood Promotion and Industries as well as being Director with the Government of India in the Ministry of Micro, Small and Medium Enterprises. His work experience also includes a three year stint with the British International Aid Agency - the Department for International Development (DFID) as Governance Adviser and Senior Program Manager. His areas of interest include Intellectual Property Rights where he has collaborated with UNIDO to develop an IPR guide for the Indian Toy Industry. He has also been a consultant to the Commonwealth Secretariat and the Asian Productivity Organisation on adoption of IT by small and medium enterprises in India and Bangladesh.

Directors from Institutions and Commercial Banks

Ms Indrani Banerjee

Executive Director

Reserve Bank of India

Indrani Banerjee is an Executive Director at RBI with responsibilities spanning Financial Market Regulation, External Investments & Operations, Foreign Exchange Management and Legal. She is a career central banker, with wide and varied experience of over 33 years including a stint as the Regional Director of one of its offices.

Her predominant experience encompasses Banking Regulation, Supervision of commercial banks and Foreign Exchange Reserves Management. While on deputation as Member of Faculty to the National Institute of Bank Management, she coordinated a course in her assigned area of International Banking & Finance for their first Post Graduate (MBA) Programon Banking and Finance. She has had a short stint in the South Asia Department of the International Finance Corporation in Washington after completion of Masters in International Development Policy from the Sanford Institute of Public Policy, Duke University.

She has represented the Bank in domestic and international fora on matters including Corporate Governance and Leadership Imperatives and has authored papers on subjects such as Prevention of Money Laundering in Banks and Global Best Practices in Indian Banking.

She taught undergraduates in her alma mater, Lady Shri Ram College, Delhi University and has an M.Phil degree in International Relations from JNU. She is a Certified Associate of the Indian Institute of Bankers.

Directors from Institutions and Commercial Banks



State Bank of India

Shri Rajnish Kumar has assumed the office as Chairman State Bank of India on 7th October, 2017. Previously, Shri Rajnish Kumar was the Managing Director (National Banking Group) looking after retail banking and latest initiatives in payments and digital banking since November 2015.

Prior to becoming Managing Director in SBI, Shri Rajnish Kumar was heading SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) as Managing Director & Chief Executive Officer.

Shri Rajnish Kumar has been with the State Bank of India for over three decades, having joined the Bank as a Probationary Officer in 1980. An M.Sc. in Physics, apart from CAIIB, Shri Kumar has held several key assignments across various business verticals, including two overseas assignments in Canada and U.K. He has vast experience in handling large credit, project finance, foreign exchange and retail banking. Shri Kumar has held such important positions as Regional Head, SBI(UK); Chief General Manager, North East Circle, Chief General Manager, Project Finance and Managing Director (Risk & Compliance). Shri Kumar is an avid traveller and has visited several countries. He loves sports and is a good player of badminton.

Directors from Institutions and Commercial Banks

Shri M. Senthilnathan

Chairman-cum-Managing Director


Shri M. Senthilnathan is the CMD of ECGC Ltd. He started his career in ECGC in 1988 and has served in various capacities in its different offices across India. He played a major role in redesigning new insurance products for exporters and banks addressing the requirements of merchandise and services exporters and that of relevant lending by banks. He has served at the Inter Arab Investment Guarantee Corporation, a Multilateral Export Credit Agency in Kuwait as a reinsurance consultant for one year during 2006-07. From 2008 to 2011, he led the Northern Region of ECGC that had 15 offices with a team of around 100 officers. During 2011 to 2015, he was General Manager in the corporate office of ECGC and was responsible for key areas such as Finance and Accounts, Reinsurance, Risk Management, Actuarial functions in addition to being a member of on the Apex Committees on underwriting, Claim, investment human resources and administration. Apart from serving as a whole time Director on the Board of ECGC since December 2015, he is also the Managing Trustee of National Export Insurance Account (NEIA), a Government of India trust that covers Medium and Long Term/Project Exports.

He is a member in the Berne Union (International Union of Credit & Investment Insurers) Management Committee representing ECGC and the Short Term Committee from October 2017.

Shri Senthilnathan holds professional qualification of MBA in Finance.

Directors from Institutions and Commercial Banks


Managing Director & CEO


Mr. Rakesh Sharma is the Managing Director & Chief Executive Officer of IDBI Bank Ltd. Prior to this, Mr. Sharma served as MD&CEO of Canara Bank and Lakshmi Vilas Bank. While in Canara Bank, he also held the position of Chairman in the group companies of Canara Bank.

Mr. Sharma held the position of Chief General Manager in State Bank of India [SBI] before moving to Lakshmi Vilas Bank Ltd in 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. Rakesh Sharma is a Post Graduate in Economics, and a CAIIB.

Directors from Institutions and Commercial Banks


Managing Director & CEO

Union Bank of India

Shri Rajkiran Rai G. joined Union Bank of India as Managing Director & CEO in July 2017. He is an agricultural science graduate and a certified member of Indian Institute of Bankers. Shri Rai has more than three decades of banking experience, including heading an Industrial Finance Branch, Regions and Zonal Offices. He started his career in 1986 as an Agricultural Finance Officer in Central Bank of India, and gained rich experience of heading the Bank’s branches in different parts of India for over 17 years. He later headed the Human Resource Development Department as General Manager; and served as Field General Manager of the Mumbai Zone of Central Bank of India, before being elevated as the Executive Director of Oriental Bank of Commerce. He has also served on the Board of the Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.

Directors from Institutions and Commercial Banks


Managing Director & Chief Executive Officer

Bank of Maharashtra

Shri A.S. Rajeev assumed charge as Managing Director & CEO of Bank of Maharashtra on 2nd December 2018. Prior to this, he was Executive Director of Indian Bank.Shri Rajeev has nearly three decades of professional banking experience in three banks, namely, Syndicate Bank, Vijaya Bank and Indian Bank. A qualified Chartered Accountant, he has expertise in all important areas of banking including Corporate Credit, International Banking, Treasury, Risk Management, Credit Monitoring & Supervision, NPA Management, Planning & Development, Human Resources, Finance, Accounts & Taxation, Vigilance, Corporate Governance, Inspection & Audit, Cyber Security and Subsidiaries. As Executive Director of Indian Bank, he was Director of NPCI and two of the Bank’s Subsidiaries, M/s. IndBank Merchant Banking Services Ltd. and M/s. Ind Bank Housing Ltd. He had also worked as member of various committees constituted by RBI/Government.

At Vijaya Bank, Shri Rajeev has also served as the Regional Head in Bangalore and Chennai regions of the bank.

He has attended various professional training programmes, both within India and abroad, including amongst others, programmes on advanced leadership development, EDP, risk management, IFRS, financing infrastructure projects and derivatives.

Whole-time Directors


Managing Director

David Rasquinha (58) is the Managing Director and Chief Executive Officer of the Export-Import Bank of India. David joined the Exim Bank in 1984-85, and since then has had a wide ranging exposure to the broad field of export credit, having worked in the areas of Treasury, Multilateral Agency Funded Projects, Planning & Research, Risk Management, Trade Finance, Project Finance and Project Exports. He has served as a member on several Working Groups set up by Reserve Bank of India for working capital finance to software units, facilitation measures for exporters, etc. During 1999 - 2004, he served as Resident Representative at the Bank’s Washington DC Representative Office. In 2014, David was appointed on the Board of the Exim Bank as the Deputy Managing Director, and moved up as the Managing Director in 2017.

David secured a first class graduate degree in Economics from Bombay University and followed it up with a post graduate qualification in Business Management from the XLRI, Jamshedpur where he was awarded the Gold Medal in Economics. He has benefited from a number of specialised training programmes both in India and abroad. David has lectured on various aspects of export financing at the National Institute of Bank Management, the Reserve Bank of India's Bankers Training College, the Jawaharlal Nehru Institute for Development Banking, as well as various bank training colleges, academic institutions and industry bodies in India and the U.S.A. He is a Member of the National Jury for the CII - Exim Award for Business Excellence, a Total Quality Management Award based on the TQM model of the European Foundation for Quality Management. David has also been a Director on the Boards of 4 Indian companies, and is currently a Director on the Board of ECGC Ltd. His insights on export credit and the Indian economy are often sought in panel discussions and seminars.

An excellent communicator, David has had small humorous pieces published in Indian newspapers and is active on social media. David is married to Sujata, a Chartered Accountant specialising in recovery of distressed assets. The couple has one daughter, Ishwari, currently studying User Experience Design.

Whole-time Directors


Deputy Managing Director

Ms. Harsha Bangari is Deputy Managing Director of the the Bank. Prior to this, she was the Chief General Manager and Chief Financial Officer of Exim Bank having joined Exim Bank in 1995. Ms. Bangari is a seasoned finance professional with experience of more than 25 years in the financial sector and has thorough knowledge of the Bank’s processes and business policies across functions covering all products of the Bank including cross border project financing as well as Risk Management, Client Servicing and Liability side management including Treasury Functions and Foreign Currency Resources. Her areas of interest include international debt capital markets and international project finance.

Ms. Bangari is a Bachelor of Commerce and a Chartered Accountant.