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  • Shri Vinod Rai

    Former CAG of India
    Chairman
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  • Shri Rajiv Kumar

    Secretary, Department Financial Services, Government of India
    Ex-officio member
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  • Mrs. Seema Bahuguna

    Secretary, Department of Public Enterprises, Government of India
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  • Shri N. S. Vishwanathan

    Deputy Governor, Reserve Bank of India
    Ex-officio member
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  • Dr Anil K Khandelwal

    Former CMD of Bank of Baroda
    Member
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  • Shri H N Sinor

    Former Joint MD, ICICI Bank
    Member
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  • Ms Roopa Kudva

    Former MD&CEO, CRISIL
    Member
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Profile

Shri Vinod Rai

Mr VINOD RAI (born on 23.05.1948) has a Masters Degree in Economics from Delhi School of Economics, University of Delhi. He has a Masters Degree in Public Administration from the Harvard Kennedy School, Harvard University, USA. He joined the Indian Administrative Service in 1972 and was from the Kerala cadre.In January 2008, he was appointed the eleventh Comptroller and Auditor General of India. After a very active and illustrious tenure as the C & A G, he demitted office in May 2013.

Mr Vinod Rai has wide experience of working in various capacities in the State Government of Kerala as well as in the Central Government . His assignments in the State Government included stints as Secretary (Agriculture), Principal Secretary (Finance) and Managing Director, Kerala State Cooperative Marketing Federation. As head of the Cooperative Marketing Federation, he was instrumental in setting up a massive network of primary societies to procure raw cashew nuts. This was then processed in Cashew factories and exported to different parts of the globe. The Federation under his tenure emerged as the largest exporter of Black Pepper and other spices from the country. The export turnover of the Federation increased rapidly to be higher than that of any private company at over Rs 10 billion. Later, he took over as the Managing Director of Kerafed and set up plants to process and solvent extract coconut. The company produced and marketed packaged coconut products.

At the Central Government level also, Mr Vinod Rai has held senior positions. Working in the Federal Ministry of Commerce and Foreign Trade he was responsible for supervising the export of all agricultural produce from India. He set up the Spices Board, the Agriculture and Processed Foods Export Development Authority and was responsible for a large number of initiatives for development of exports.

Later as Secretary in the Ministry of Finance he initiated reforms in the Banking, Insurance and Pensions sector. He has served as a Director on the Boards of State Bank of India, ICICI Bank, IDBI Bank, Life Insurance Corporation of India and Infrastructure Development & Finance Company of India. He set up the India Infrastructure Finance Company which also has an office in London.

Mr Vinod Rai took over as the Comptroller & Auditor General of India on 7th January 2008. As the Comptroller and Auditor General his responsibilities in the international arena included Chairmanship of the U.N. Panel of External Auditors and membership of the Governing Board of the International Organization of Supreme Audit Institutions (INTOSAI). Mr Rai was also the Chairman of the Governing Board of the Asian Organisation of Supreme Audit Institutions(ASOSAI). He demitted the office of the Comptroller and Auditor General of India on 22nd May 2013.

Mr Rai is presently a Visiting Senior Research Fellow at the Institute of South Asian Studies, in the National University of Singapore.

Mr Rai is a keen tennis player. His interests include gardening and mountaineering.

Shri Rajiv Kumar

Shri Rajiv Kumar, is a 1984 batch Jharkhand cadre officer of Indian Administrative Service (IAS) and assumed office as the new Secretary, Department of Financial Services, Ministry of Finance on September 01, 2017. Shri Rajiv Kumar was Special Secretary and Establishment Officer, Ministry of Personnel Public Grievances & Pension, D/o Personnel & Training in his immediate preceding posting. Shri Rajiv Kumar has widespread administrative experience in more than 30 years of service during which he held various important assignments including the Administrative postings in his home State of Jharkhand. Shri Kumar has also worked in the Central Government in various capacities. He was posted as Joint Secretary and then Additional Secretary, Department of Expenditure, Ministry of Finance from 19.03.2012 to 12.03.2015. Later he took over as Establishment Officer & Additional/Special Secretary, Ministry of Personnel Public Grievances & Pension, D/o Personnel & Training from 12.03.2015 till 30.08.2017.

Mrs. Seema Bahuguna

An officer of 1983 batch from Rajasthan Cadre. She has done M.A. (in History) from Delhi University and M.Sc in Development Studies from University of Bath. Has held a number of senior positions in State Government and Government of India. She has been Director Industries and Managing Director Bureau of Industrial Promotion in Government of Rajasthan. In Government of India she has been Under Secretary/Deputy Secretary in the Ministry of Defence Production and Defence. As Director & Joint Secretary she has been posted in Directorate General of Foreign Trade in the Ministry of Commerce GOI. Before joining as Secretary, Department of Public Enterprises she was Special Secretary and Financial Adviser in Ministry of Rural Development.

Shri N. S. Vishwanathan

Shri N. S. Vishwanathan took over as the Deputy Governor of the Reserve Bank of India on July 04, 2016. The Government of India, on June 29, 2016 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over charge of the post on or after July 4, 2016 or until further orders, whichever is earlier.

Shri Vishwanathan was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

As Deputy Governor, Shri Vishwanathan will look after Department of Banking Regulation (DBR), Department of Co-operative Banking Regulation (DCBR), Department of Non-Banking Regulation (DNBR), Deposit Insurance and Credit Guarantee Corporation (DICGC), Financial Stability Unit (FSU), Inspection Department, Risk Monitoring Department (RMD) and Secretary’s Department.

Shri Vishwanathan, a career central banker, joined the Reserve Bank of India in 1981. His areas of expertise include regulation and supervision of banks, non-banking finance companies and cooperative banks, currency management, foreign exchange and human resources management. He had a three-year secondment to the Bank of Mauritius, the central bank of Mauritius, as Director, Supervision. He has also been the head of Chennai Regional office of the Reserve Bank.

Shri Vishwanathan was the Reserve Bank nominee on the Board of Directors of three public sector banks at different points in time. He was also the Chief Vigilance Officer and Head of Internal Audit, IFCI. He has been associated with various committees, working groups, and task forces. He represented the Reserve Bank in various international Committees. These are: Member of the Policy Development Group, BIS, Basel, Member of Macro Prudential Policy Group BIS, Basel, and Executive Committee Member of the International Credit Union Regulators Network.

Born on June 27, 1958, Shri Vishwanathan holds a Master’s degree in Economics from the Bangalore University.

Dr Anil K Khandelwal

Anil K. Khandelwal is a former Chairman and Managing Director of Bank of Baroda and Dena Bank. For transforming Bank of Baroda into a valuable brand, he received the prestigious The Asian Banker, Singapore Leadership Achievement award for life time achievement and contribution to excellence in the financial services industry, the only Indian banker to receive this so far. He has been rated among the 100 most powerful CEOs for three con¬secutive years (2005–08). He is a recipient of Life Time Achievement award from National HRD Network. He has been a UNDP Consultant to Banking reforms commission, Government of Tanzania and a Visiting Professor to Asian Institute of Management, Manila. The government appointed him to head a committee to study HR in public sector banks. The report popu¬larly known as Khandelwal committee has led HR reforms in PSBs. His book Dare to Lead (SAGE, 2011) has been a best seller. He is currently a Corporate Advisor, Board Member, and Consultant on governance, leadership and men¬tors CEOs. He has been an HR advisor to international consulting firms such as Accenture, Booz and Company, and Hewitt.

Shri H N Sinor

Mr SINOR is a veteran banker having spent five decades in banking and financial services industry. Graduate in Commerce and Law from Bombay University, he started his banking career in Central Bank of India in 1965, when banking sector was still in private sector. In 1969, just prior to bank nationalisation, he made a career move to Union Bank of India, where he worked for 28 years, holding various positions both in the field and the corporate office. In December 1997, he was appointed Executive Director of Central Bank of India. After a short stint of just seven months, he chose to move to a new private sector bank, ICICI Bank, in a similar position. In June 1998, he took over as MD&CEO of ICICI Bank which position he held till 2002. On mega reverse merger of ICICI with ICICI Bank, he became Joint Managing Director of the combined entity. Post his retirement from ICICI Bank in 2003, he joined Indian Banks Association (IBA) as banking industry's chief spokesperson in the position of Chief Executive. After spending around six years with IBA, he was on sabbatical for about two years and later joined Association of Mutual Funds (AMFI) as its Chief Executive. He stepped down from that position in September 2015.

During his long career, Mr SINOR has seen the Indian banking system evolving from close-knit private sector, to social control to nationalisation and again liberalisation and emergence of new private sector banks. High point of his career was when he became the first Indian banker to list ICICI Bank on New York Stock Exchange.

Post his retirement from ICICI Bank, Mr SINOR has been appointed Independent Director on many prestigious companies where he has chaired Audit Committees, Nomination and Remuneration Committees and other important committees. He has also worked on numerous expert groups/committees of RBI/SEBI/Government etc.

Ms Roopa Kudva

Roopa Kudva is a partner and Managing Director, India of Omidyar Network where she leads overall investment strategy, operations and portfolio development in India.

Prior to joining Omidyar Network, Roopa spent 23 years with CRISIL, and was its managing director and chief executive officer from 2007. She led CRISIL's transformation from being India’s premier ratings agency into a diversified global analytical company. Under her leadership the company's market capitalization grew four-fold and revenues tripled.

Roopa also worked for Standard & Poor's, Paris, as director, financial institutions ratings.

Roopa is regularly featured in the media as a prominent woman leader in corporate India. She has served as a member of several policy-level committees relating to the Indian financial system constituted by SEBI, RBI, and the government. She is an independent director on the boards of Infosys and Tata AIA Life Insurance Company.

Roopa holds a postgraduate diploma in management from Indian Institute of Management, Ahmedabad (IIM-A)and is a Distinguished Alumnus of the institute.