Self-Regulatory Organisation in the Financial Markets Regulated by Reserve Bank of India
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Chairman
Vice Chairman
Director
Independent Director
Treasurer, HDFC Bank Ltd.
Mr. Ashish Parthasarthy – Treasurer, HDFC Bank, is an alumnus of the Indian Institute of Management, Bangalore and has over 29 years of experience in the Indian financial markets. His career encompasses a wide ranging experience across domains like Money Markets, Bullion, Foreign Exchange and Balance Sheet Management. In his capacity as the Treasurer, he not only manages the bank’s entire treasury operations but is also responsible for the overseas’ balance sheet as well.
Head of Treasury, ICICI Securities Primary Dealership Ltd (I-SEC PD)
Age: 51 years
Naveen has 27 years of experience in financial markets across Bank, Corporate and Primary dealership. He has been with I-Sec PD for over 15 years and has been the Head of Treasury of the company since March 2019. In past he had been on the board of Primary Dealers Association of India (PDAI). Prior to becoming the Head of treasury, he was head of G-sec & PD desk at I-SEC PD. Before joining ICICI group, Naveen was senior trader at Reliance Industries Limited managing Rate and Forex trading. He has also been a trader at Union Bank of India where he worked as Fixed income dealer.
Educational Background: Naveen has done is Masters in Maths (MSc) from Kanpur University and FRM.
Treasury Head, Integrated Treasury Wing, Canara Bank.
He is a career banker with over 25 years of experience in the Banking Industry with expertise in domains viz. Treasury, Foreign Exchange, Capital Markets, Risk Management & Field Operations.
Previously he had also served as the General Manager of Canara Bank Securities Ltd, which is the Capital Market subsidiary of Canara Bank from September 2015 to June 2018.
He is also presently serving as a Board member of SWIFT INDIA & SLMA.
Arun Kumar holds a Master Degree in Agriculture Science, Diploma in Treasury Investment and Risk Management & Trade Finance. He is also a Certified Associate of Indian Institute of Bankers.
General Manager, Union Bank of India.
Sudarshana Bhat is a Nominee of Union Bank of India on the Board of the Company. He is a seasoned banker with more than 3 decades of rich experience in Treasury, Credit, Corporate banking, various administrative and functional capacities. He is currently heading the Treasury & Investment Operations of Union Bank of India. He started his banking career in 1986 and rose to become General Manager.
Sudarshana Bhat is a post graduate, a Certified Associate of Indian Institute of Bankers (CAIIB), an ACS (inter) and holds a Diploma in Financial Services. He has attended training programmes conducted by various reputed institutes in India and abroad.
Group Executive - Head Treasury, Markets and Wholesale Banking Products, Axis Bank.
Mr. Neeraj Gambhir is the Group Executive - Head Treasury, Markets and Wholesale Banking Products, Axis Bank. He has over 24 years of experience in the financial industry with expertise is in Fixed Income, Foreign Exchange, Capital markets, Structured Finance, Credit, Derivatives, Risk management and Investment Banking areas.
Previously he was Managing Director and Head of Fixed Income, India for Nomura in Mumbai where he helped set up and grow Nomura's India fixed income franchise. Before that, he was with Lehman Brothers, India as a Managing Director. Earlier, he was associated with ICICI bank as Senior General Manager and Global head of Structured Finance and Balance Sheet Management. During his tenure at ICICI Bank he also helped set up the Proprietary trading desk with trading capabilities across all asset classes viz Fixed Income, Equities, Currencies and derivative markets.
He has been a part of several working groups and committees set up the regulators and policy makers for developing India's financial markets. He was Chairman and board member of Fixed Income and Money Market Dealers Association of India during 2006-7. He was also involved in setting up of the Clearing Corporation of India and was a nominee director on its board. He was also Co-Chair of the Task force set up by Ministry of Finance, Govt of India for establishing a Public debt management office in India. He was involved in India - Japan discussion for financial co-operation as Nomura representative.
He is a regular expert commentator in print and TV on topics related to financial markets, macro economics and banking.
Neeraj holds a Bachelors of Engineering in Computer Science and has done his Post Graduation in Business Management from Indian Institute of Management, Lucknow where he was awarded PGP Chairman's Medal.
Chief General Manager Treasury & Global Markets, Bank of Baroda
Mr. Grover, a seasoned banker and treasurer, is a senior executive in Bank of Baroda. His area of expertise is Treasury Operations where he has spent most of his career and gained skills and expertise in the domain in true holistic sense. Mr. Grover has worked as dealer, chief dealer and front-office in-charge and head of Treasury. Presently, as Chief General Manager, he is heading Treasury and Global Markets in Bank of Baroda.
Besides Treasury Operations, Mr. Grover has vast experience and expertise in other domains of Banking. Earlier in his career, he has worked in the area of branch operations in the capacity of Manager and Branch Head. He has completed two sought after stints of overseas posting. One as Treasury Dealer in Dubai, UAE and second as prestigious position of Chief Executive (European Operations) and Managing Director & CEO of Bank of Baroda (UK) Limited. He has also served for a short period as head of RRB & FIs Division of Bank of Baroda.
Mr. Grover has completed his Post-Graduation degree in M.A. (Economics) from MDU, Rohtak. He has successfully participated in Leadership Development Program of IIM-B which is an initiative of Bank Board Bureau in collaboration with IBA and supported by Department of Financial Service, Ministry of Finance (GoI). Mr. Grover has participated in numerous seminars, workshops and training programs in India and overseas throughout his career.
Mr. Grover has been very active in banking industry and has served in various capacities in industry bodies like FIMMDA and FAI. He has been Secretary, Vice Chairman, Chairman of FAI and the board member of FIMMDA. He was also the board member of Baroda Pioneer Asset Management India Limited.
General Manager (Treasury/International Division) - Central Bank of India.
Mr.Vasti Venkatesh holds a Bachelor’s Degree and has done MBA in Banking & Finance. He is presently General Manager (Treasury/International Division) at Central Bank of India. He is also a Certified Associate of Indian Institute of Bankers.
He has more than 36 years of General experience in Banking in the areas of Treasury, Resources, Operations, Marketing etc. and worked in various positions such as Branch Head, Regional Head in various states like Karnataka, Andhra Pradesh, Madhya Pradesh, Maharashtra, Gujarat and Delhi.
He also has experience of working as Dealer and Chief Dealer in Domestic Treasury.
Executive Director & Head Treasury, IDBI Bank Ltd
Shri Iswar Padhan, Executive Director, IDBI Bank Ltd is presently in charge of Treasury. As ED he was earlier looking after mid corporate banking and Transaction Banking. Shri Padhan has over two and half decades of experience in banking at various roles covering the domains of Treasury, Retail Banking, Corporate Banking, Trade Finance, Risk Management and Budget & Finance. His Treasury dealing and risk management experience covers in all major market segments viz., Money Market, Fixed Income, Forex, Derivatives and Equity.
Shri Padhan has also served as MD & CEO of IDBI Capital Markets & Securities Limited (IDBI Capital), from October 2020 to November 2022, which is a category 1 Merchant Banking and Broking company inter alia providing Investment Banking, Stock Broking, Portfolio Management and Research services.
Shri Padhan has earlier served as Board Member / Management Committee Member in market representative bodies like FIMMDA, FEDAI, PDAI and FAI.
Head- Fixed Income & Forex Trading, ICICI Bank
Manish heads proprietary trading at ICICI Bank for the fixed income and fx markets. He joined the bank in October 2018, prior to which he worked for 6 years as Executive Director at Goldman Sachs’ Indian primary dealership business. He also had a long innings of 12 years at ICICI Securities Primary Dealership before his move to Goldman and now has over 22 years of experience in the Indian treasury markets. Over the course of his long career, he has traded almost the entire gamut of cash and derivative products in the macro space and brings with him immense product and market expertise. Manish is an active thought leader and market reform advocate, who is regularly in touch with regulators on several market development issues. He is an alumnus of the Indian Institute of Management, Lucknow and is an avid reader, a strong swimmer and a passionate travel and photography enthusiast.
Head of Treasury – Federal Bank
Mr. V Lakshmanan, Head of Treasury at Federal Bank, has had an extensive career of over two decades, with nearly 18 years at BNP Paribas, specializing in Treasury Sales. At Federal Bank, he established a focused Treasury Sales Vertical and now oversees the bank's Treasury Operations, including Liquidity, Trading, and Sales. He is also the Controller of the IBU, GIFT City Operations of the bank.
Lakshmanan holds a Bachelor of Technology from IIT Kanpur and a Post Graduate Diploma in Business Management from S P Jain Institute of Management & Research, with a specialization in Finance.
Managing Director, Head of Markets, - South Asia, Citi Bank
Aditya Bagree is the Head of Markets for Citi South Asia and Interim Country Treasurer, Citi India
As Head of Markets for Citi South Asia, Aditya is responsible for delivering on strategic initiatives and business plans for Citi’s clients across the Markets products and services, leading senior regulatory and client relationships for Markets in the region and establishing a strong risk management discipline and culture. He is also now part of the Citi Leadership Team for India as well as the Asia Pacific Markets Operating Committee.
Citi has been present in India since 1902 and it is regularly recognized as best international bank in India from international trade magazines in the region. The bank’s Markets business in the country is among the top three for Citi globally and caters to a diverse set of clients across large local corporates, multinationals, midmarket enterprises, SMEs, banks, financial institutions, Asset Managers and provident funds. It is a dominant player in fixed income, currencies, commodities, credit, investments, equity sales and research.
Since joining Citi India in 2011, Aditya has held a number of important senior leadership positions where, most recently, he was the Head of Asia Local Corporate Credit Trading and Global Spread Products in India. In this role, Aditya consistently increased franchise revenue and market share and built the Global Spread Products, Financing & Securitization, and Commercial Real Estate financing business in India. His overall banking experience spans 21 years across roles in structured products and trading in New York and India. He completed his post-graduation from IIM Ahmedabad.
Chief General Manager, Union Bank of India
Mr. Abhijit Basak, Chief General Manager at Union Bank of India is a seasoned banking professional with extensive leadership experience, having successfully headed Mumbai Zone, a major zone with a strong track record in credit management and business development as well as Bhopal Zone. He has also led key verticals viz. Large Corporate, Mid Corporate and Financial Institutions Group. He demonstrates in-depth knowledge of credit appraisal, risk assessment, and portfolio management across diverse sectors. Presently, acting as Head of Treasury, overseeing strategic investment decisions, liquidity management, and regulatory compliance with a focus on optimizing returns and managing market risks. He is known for a results-driven approach, strong decision-making capabilities, and the ability to lead large teams while fostering a culture of performance and integrity.
Mr. Abhijit Basak holds an MBA degree and has participated in numerous leadership and development programs conducted by reputed institutions in India and abroad further strengthening the expertise in both operational and strategic aspects of banking. His strong academic foundation and extensive training enable him to provide tactical insights and drive business growth with exceptional analytical and leadership skills.
Chief General Manager - Treasury & Global Markets, Bank of Baroda
Education qualification: B.Com, LLB, CAIIB, Diploma in Business Finance
Expertise in Specific Functional Areas: Treasury Operations (Front Office, Specialised Treasury Functions, International Banking, Liabilities Management), International Banking Credit, Retail & Corporate Banking Operations, Forex Management.
Key Assignments held: Over twenty-five years' experience of banking operations, currently serving as Chief General Manager - Treasury & Global Markets, Bank of Baroda. Has held leadership roles including Head of IFSC Bank Unit, Branch Head-International Banking Business (IBB) etc, with domestic and international postings as MD of listed Bank in Uganda, Bank of Baroda (Uganda) Limited.
Dy.Managing Director (Global Markets)
Mr Shamsher Singh is holding the position of Dy.Managing Director (Global Markets) at State Bank of India since December 2025
Mr. Singh started his career with SBI as Probationary Officer in 1990 at Delhi Circle. His Educational Qualification is Bachelor of Commerce (Delhi University), Certified Associate, (Indian Institute of Bankers) and is a certified Anti Money Laundering Specialist (ACAMS). He has done Certificate Course in Regulatory Governance from Indian Institute of Corporate Affairs, Ministry of Corporate Affairs.
He worked in different geographical locations in India and abroad heading various business functions. He has good experience of handling and managing various areas of Banking such as Treasury Operations, Retail Banking, Structured Products, and Forex dealing.
Prior Key Assignments held by Mr. Singh in SBI are as under:
He was Director on the Board of NPCI, NIPL, NBBL, SBI Cards & Payment Services Ltd., SBI Foundation, SBI Funds Management, SBI Funds International (IFSC) Ltd. Presently he is on the Board of CWC, FIMMDA, SBI Pension Funds Pvt.Ltd., Oman India Joint Investment Fund (OIJIF)
Managing Director & CEO of India International Bullion Exchange IFSC Ltd. (IIBX) at GIFT City
Mr. Ashok Kumar Gautam is the first Managing Director & CEO of India International Bullion Exchange IFSC Ltd. (IIBX) at GIFT City. Mr. Gautam is a finance professional with over 41 years of experience in various tenets of banking and financial management; such as Treasury, Bullion, Financial Institutions, Transaction Banking, Cash Management Services, Relationship Management, Credit, International Banking, Trade Finance etc.
Mr. Gautam joined IIBX in his present leadership role in February 2022. He is credited with introducing some of the Global first initiatives at IIBX including every 30 minutes settlement of Bullion Depository Receipts and 4 times settlement of funds in a day. During his tenure, IIBX has gained prominent position in the Bullion market. Qualified Jewellers and Tariff Rate Quota holders from 21 states of India covering 129 districts have joined / applied to IIBX to import bullion through its transparent trading platform. IIBX has launched various products to enable participants to import physical Gold and Silver through spot contracts as well as hedge the price risk in US Dollar terms through Gold and Silver Futures.
Mr. Gautam is frequently invited by Institutes, Trade bodies, Universities, Colleges, and Industry Associations as a speaker and has addressed various National and International seminars and conferences.
India Gold Policy Centre has invited Mr. Gautam to take part as a speaker in the conclaves organised at IIM Ahmedabad. Mr. Gautam has taken part in World Gold Council initiated Gold policy related industry discussion fora.
In his present role, Business TV Channels invite him to speak about IIBX and Bullion Markets, while earlier he used to give his views about Treasury, Forex and Fixed Income market.
Previous Roles
Mr. Gautam was previously Executive Director & Head Treasury with IDBI Bank Ltd., with added responsibilities of Cash Management Services, Government Business Group & Financial Institutions. Before that during his 11-and-a-half-year stint at Axis Bank, he was Executive Vice President and Head Financial Institutions Group (FIG) and held leadership positions of Head Global Markets, Treasury and Head Transaction Banking - Corporate & Financial Institutions. During his tenure at Axis Bank he spearheaded the Bullion business for more than 8 years.
During his over 22 years’ experience in State Bank of India, Mr. Gautam was Head of the first Central Treasury of the Bank at Hong Kong covering all branches from Sydney to Male, Head Treasury at Singapore office and the Head Regional Dealing Room at Overseas Branch New Delhi, among other leadership roles.
Mr. Gautam has served on committees set up by Regulators and has served various industry bodies:
Educational & Professional Qualifications:
Ashwani Sindhwani is a Post Graduate in Science, a Certified Associate of the Indian Institute of Banking and Finance (CAIIB), and a Certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP).
With over three decades in banking, Mr. Sindhwani has served in leading public sector and major European banks across retail and corporate domains covering credit, risk management and financial markets. His career reflects deep expertise in risk management, regulatory compliance, institutional governance and strategic public representation.
From 2016 to 2025, he was Chief Executive of FEDAI, where he played a pivotal role in steering industry practices, strengthening compliance culture and representing the sector at national and international forums. In this capacity, he was nominated as Director on the Boards of Financial Benchmarks India Limited (FBIL) and the India FX Code Participants Association.
He has also served as Independent Director with SBI SG Global Securities Services Limited, Sharekhan Limited and Sharekhan BNP Paribas Financial Services Limited until 2024. Currently, Mr. Sindhwani is an Independent Director with SBI Pension Fund Private Limited, Union AMC, and CCIL IFSC.
Mr Manoj Rane is a CA and FRM, has decades of experience in Indian Fixed Income , Money, Fx and Derivatives markets as a Trader, Head of trading teams and Head of Global Markets and Treasury at leading Banks and Primary dealers. He has been a member of prestigious Committees such as the Technical Advisory Committee on Government Securities, NSE's Money Markets Committee and others. He has also served on the Boards of FIMMDA and FEDAI as a Director and as Vice Chairman for over a decade. Presently, he is an Independent Director on Boards and also a contributor to Media platforms both in the form of articles and videos.