A Chartered Accountant by qualification, Mr. Jayakumar also holds a Post Graduate Diploma in Business Management from XLRI, Jamshedpur. In addition, he is a distinguished Chevening Gurukool Scholar from the London School of Economics and Political Science.

Prior to his appointment as MD & CEO of Bank of Baroda, he was the Co-founder & CEO of Value Budget Housing (VBHC), a leader in housing for low and moderate income household since 2009. He was also the Co-founder & Non-Executive Promoter Director for Home First Finance Company, a housing finance institution regulated by the NHB that financed customers who weren’t able to get mortgage loans from banks.

Mr. Jayakumar has also worked with Citibank in India and Singapore, where he spent over 23 years. He has contributed to several innovations in retail banking in India. He was associated with the first asset securitisation in India in 1991 and the first multi-lingual biometric ATM for the financially excluded in 2006.

Mr. Jayakumar has held diverse assignments at Citibank, such as Treasurer - Consumer Bank, Business Development Head covering deposit and lending business, Managing Director for Citi Financial Ltd., Managing Director and Head of Citibank Consumer Loan for Asia Pacific Countries (covering Indonesia, Philippines, Australia, Thailand, Hong Kong and Korea), Country Head - Citibank Consumer Business and Head of Balance Sheet Management - Asia Pacific. He also served as a Board Member in many of Citibank's subsidiaries in India.

In his spare time, Mr. Jayakumar likes to cycle, play squash and golf.



Mr. Ajit Kumar Rath is currently serving as the Executive Director of Andhra Bank and has worked into various domains like Large Corporate Credit, Accounts, Credit Monitoring, Priority Sector, Recovery Management, Human Resources, Information Technology and Marketing.

Under his leadership, Andhra Bank has won several prestigious awards like IDRBT Banking and Technology Excellence Award (2015-16 & 16-17), Infosec Maestros Award 2016, National Payments Excellence Award 2015, and Infosys Finacle Client Innovation Award 2015 to name a few.

Prior to this, he has served as the General Manager and Chief Information Officer of Union Bank of India. During his tenure with the Bank, he was instrumental in transforming it into an IT savvy Bank due to which the bank received several IT awards from IBA, IDRBT, NPCI and other esteemed organizations.

He has served as the Director on the Board of Swift India Domestic Services Pvt. Ltd., on behalf of Union Bank of India and has been a member of Technical Advisory Committee of NPCI, Swift India and Star Union Daichi Insurance Company. He has also been a part of the Sub-group of Technology, Digital and Financial Inclusion to devise the action points to be implemented by the Banks in the Gyan Sangam.

He has been the key member of Steering Committee of FINTECH organized by IBA in collaboration with FICCI and NASSCOM and has attended trainings organized by Reserve Bank of India, National Institute of Bank Management and other worldwide trainings.



Mr. Ostawal joined Warburg Pincus in 2007 and since then has been working with the firm's Indian affiliate. He is involved with the firm's Investment Advisory activities in India and evaluates opportunities in Financial Services and Healthcare sectors in India.

Prior to joining Warburg Pincus, Mr. Ostawal was an Associate with 3i India and McKinsey & Company.

He is a Director of Laurus Labs Limited, AU Small Finance Bank Limited, D B Power & Group Companies, Computer Age Management Services Pvt. Ltd., Sterling Software Private Limited and Fusion Microfinance Private Limited.

Mr. Ostawal holds a Chartered Accountancy degree from The Institute of Chartered Accountants of India and an M.B.A. from The Indian Institute of Management, Bangalore.

Mr. Kul Bhushan Jain


Shri. Kul Bhushan Jain assumed the charge as an Executive Director of Andhra Bank on 09th October, 2017.

He started his Banking career in 1985 as an Officer in Bank of India. He is a double graduate from CAIIB in Science and Law.

He headed the treasury operations in the Bank of India, New York from 2004 to 2008. He has also worked in London as a Career Development Officer. From 2014 onwards, Mr. Jain has worked in various capacities such as Branch Head, Zonal Head and Head of National Banking Group of South and North India.

He has rich experience in the areas of Credit, Treasury and International Banking.

Prior to joining Andhra Bank, Mr. Jain handled responsibility as the General Manager, National Banking Group (North) for Bank of India covering the states of Delhi, Punjab, Haryana, Rajasthan, Jammu & Kashmir and Union Territory of Chandigarh.


Independent Director

Mr. Angara has been an Advisor (Communications, Media and Technology) at Accenture India Pvt. Ltd. He is also appointed as a Senior Advisor with the advisory arm of KPMG, Mumbai w.e.f. October 16, 2017. Prior to this he was the Director of Operations at Vodafone India Services Pvt. Ltd. and Vodafone Essar Ltd. There he managed the overall business, including product development, marketing initiatives, customer relations, network development, human resources, forecasting and financial profitability.

In the past, he has served as the President & CEO of BPL Mobile Limited and RPG Ricoh Limited. Mr. Angara specializes in launching new businesses with focus on driving financial and operational success, product and marketing innovations, expense management and customer satisfaction.


Independent Director

Mr. Vajpeyi, a Chartered Accountant from Ernst & Whinney-London, currently acts as an External Adviser to DIT (UK Government) in India on FinTech. He is also the Chairman of AV Advisory and Director of Digital Gold India, a JV between Invent Capital and the World Gold Council.

In 2005, Mr. Vajpeyi founded Dawnay Day AV as a leading wide ranging financial services player in India, and was the company’s Vice Chairman. He successfully sold the business in 2009, with rigorous non-compete clauses into 2010.

In his long spanning career, Mr. Vajpeyi has worked closely with regulators to introduce and implement best practices in the Mutual Fund industry and has held responsible positions such as Member of the Securities Markets Infrastructure Leveraging Expert Task Force, at Securities Exchange Board of India (SEBI) and Director on the Board of AMFI. He has worked with SEBI, stock exchanges, and industry bodies across various capital market issues.

Since 2012, Mr. Vajpeyi continues to be a serial entrepreneur and venture investor involved as an Investor, Advisor and Board Director across a diverse set of companies.


Independent Director

Mr. Chogle, a veteran FMCG Professional with a strong customer and marketing orientation, runs his own Brand Advisory and Strategic Consulting Practice in the consumer & Retail space with clients across SMEs, large Indian companies and MNCs.

Prior to his consulting practice, he had a varied and successful marketing career internationally and in India, spanning over 30 years. He has worked in senior leadership positions in general management and consumer marketing with two of the finest companies in their peer groups- Procter & Gamble and British American.

He is currently the advisor and management consultant specializing in Retail and Consumer Products Industry with clients like Nielsen and other organisations .


Managing Director and CEO

RM Vishakha, recognised for her result-oriented leadership approach towards challenging assignments including start-ups, restructuring and reorganisation, was previously associated with IndiaFirst Life as the Chief Business Officer. Vishakha has had a diverse career spanning over two decades with special focus on Bancassurance. Prior to IndiaFirst Life, she was with Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited as the Director of Sales and Marketing.

Vishakha’s constant endeavour is to maintain a critical balance of functional and company objectives, and to constructively manage employee, manager, distributor and shareholder expectations. Her ability to drive strategic growth through effective implementation has many achievements to its credit. She successfully developed bancassurance models within public & private sectors as well as foreign banks and brought into being the first-ever retail bancassurance model. Her wide-ranging experience also comprises building and developing Group Insurance business.

Recognising the achievements through her three-decade long journey in the Indian insurance domain, ASSOCHAM (Associated Chambers of Commerce and Industry of India) honoured RM Vishakha with the Individual Achievement Award. She was also the recipient of the CA Business Leader – Woman Award from ICAI (Institute of Chartered Accountants of India), an eminent Indian statutory body. She was also among the distinguished finalists at the recent 15th Asia Business Leaders Award 2016 and for the 12th edition of the India Business Leaders Award 2017, acknowledging her amongst the remarkable business leaders in Asia and India, respectively. More recently, Vishakha made it as the 38th Most Powerful Woman in Business – a recognition bestowed by the prestigious Fortune Magazine.She was on the prestigious Forbes India W-Power Trailblazer list 2018 that honors women entrepreneurs and business professionals who’ve had significant achievements across diverse sectors

Vishakha is a commerce graduate and a Chartered Accountant. She is a Fellow of the Insurance Institute of India and holds a Post Graduate Diploma in Computer Systems