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Home > Brief Profile of Board of Directors

Brief Profile of Board of Directors



Shri M.R. Kumar

Shri M.R. Kumar took charge as Chairman, LIC of India on 14th March, 2019. He joined LIC of India in 1983 as a Direct Recruit Officer. In a career spanning more than three and a half decades, he has headed three Zones of LIC of India, viz, Southern Zone, North Central Zone and Northern Zone, head quartered at Chennai, Kanpur and Delhi, respectively.  As an Executive Director he headed the Personnel Department as well as the Pension and Group Insurance vertical of the Corporation.


Shri Rakesh Sharma


Shri Rakesh Sharma is a seasoned banker with a total stint of over 33 years in State Bank of India (SBI) in various positions.  He then moved to Lakshmi Vilas Bank Ltd. as MD & CEO and served there for a period of 18 months.  He retired from Canara Bank as MD & CEO after serving for a period of 3 years, in July 2018.   He has expertise in Accountancy, Agriculture & Rural Economy, Banking, Economics, Small Scale Industry, HR and Business Management.


Shri Samuel Joseph Jebaraj

Shri Samuel Joseph joined Exim Bank in 1998. He headed the Loan Administration and Human Resources Management Groups of the Bank, Corporate Banking, SME, Treasury, Accounts and Information Technology Groups at the Head Office of Exim Bank. Shri Samuel served in the Bengaluru, Hyderabad, Milan and London Offices of  Exim Bank in various capacities. He has over 25 years of professional experience in international trade and investment finance, project finance, structured lending, liability side management, including Treasury and raising of resources.   He has expertise in Accountancy, Banking, Business Management, HR, Finance, Information Technology and Sales.


Shri Suresh Kishinchand Khatanhar

Shri Suresh Khatanhar has diversified banking experience with 13 years at Dena Bank, a Public Sector Bank, 8 years at erstwhile IDBI Bank (a private bank which was amalgamated with IDBI) and 14 years at IDBI Bank before his appointment as DMD in IDBI Bank. He has exposure in Retail Banking business, Priority Sector Lending, Corporate Banking (Mid Corporate & Large Corporate), service oriented functions such as Trade Finance and cross selling of various Treasury products.  He has expertise in Accountancy, Banking and Risk.


Ms. Meera Swarup

Ms. Meera Swarup joined the Indian Audit and Accounts Service in the year 1988. She is presently working as Additional Secretary & Financial Adviser (Finance) in the Ministry of Finance, Government of India. She also held the position of Director General (P&T Audit) and Director General (Hqrs.) in the Office of C&AG of India. She has worked as Principal Accountant General and Accountant General in the States of Gujarat, Rajasthan and Madhya Pradesh. She was posted as Director of External Audit at Geneva, responsible for external audit of WHO, WIPO and IOM during 2010 to 2012.  She has expertise in Accountancy.


Shri Sudhir Shyam


Shri Sudhir Shyam, a 1999 batch Indian Economic Service officer, is currently serving as Director in Department of Financial Services, Govt. of India. His responsibilities, inter alia, include handling of select banking legislations, agency business by banks, matters relating to international cooperation in the financial sector, etc. He has earlier served on the Board of State Bank of Patiala from 2015 till its merger with State Bank of India. He has expertise in Agriculture & Rural Economy, Banking, Economics, HR and Administration.


Shri Rakesh Kandwal

Shri Rajesh Kandwal had joined LIC as Direct Recruit Officer in 1981 and during his career of over 37 years in LIC, he had been in operations, particularly Marketing.  He has been instrumental for opening Representative Office of LIC at Singapore.  He has rich experience of heading Corporate Communication / International Operations, Bancassurance and Estate at the Corporate Level.  He has expertise in Accountancy, Finance, HR, Risk and Business Management.


Shri Gyan Prakash Joshi

Shri Gyan Prakash Joshi, is an ex-IAS Officer.  During his tenure as IAS Officer, he was posted in the states of Gujarat and Manipur as well as Government of India. He holds wide experience in the management of public sector enterprises (PSEs) having spent about ten years in various capacities in select PSEs of Gujarat. Shri Joshi took voluntary retirement from active Govt. service in December 2008 and is, at present, engaged in supporting education and nutrition in rural areas of Ramgarh, Uttarakhand, through a voluntary agency named KAFAL. He has expertise in Agriculture & Economy, Finance, Small Scale Industry, Risk, Administration and Corporate Governance.


Dr. Ashima Goyal


Dr. Ashima Goyal is M.A & M.Phil from Delhi School of Economics and Ph.D in Economics from Mumbai University.  She is currently working as Professor at Indira Gandhi Institute of Development Research in Mumbai.  She is widely published in institutional and open economy macroeconomics, international finance and governance and has provided consultancy to ADB, DEA, GDN, UNDP, RBI, UN ESCAP and WB.  She has expertise in Agriculture & Economy, Banking, Co-operation, Economics, Finance, Law, Risk, IT and Payment & Settlement.


Shri B.B Joshi

Shri B.B. Joshi is a career Banker with around 36 years of experience in Bank of India in various fields like Branch Banking, Corporate Credit, Foreign Exchange, Overseas Operations, Compliance, SME Banking, Retail Banking including overseas banking experience in Africa and USA. As Executive Director of Bank of Baroda, he was on its Board and Board Level Committees.  He has expertise in Agriculture & Economy, Banking, Finance and Small Scale Industry.


Shri Samaresh Parida


Shri Samaresh Parida is a Senior Management professional with proven track record of over 30 years in finance, strategy, operations, business reengineering in different sectors. He has experience in India as well as key global markets – specifically USA, Asia, Latin America and Europe. He is the Founder and CEO of SP Growth Consulting which provides management consultancy services.  He has expertise in the areas of Accountancy, Agriculture & Economy, Finance, IT and Business Management.


Shri N. Jambunathan


Shri Jambunathan is a career banker with rich experience at different levels in State Bank of India. He worked on different positions in the Bank in computer related Departments/ IT including as CGM-IT. He also held important assignments in Retail Banking and Payments business. He retired from State Bank as its Dy. Managing Director.  He has worked as Advisor / Mentor with Reliance Payments Systems Ltd. for two years in respect of their payments related initiatives which included setting up of a Joint Venture bank with SBI.  He has the expertise in Agriculture & Economy, Banking, Small Scale Industry, IT, Payment & Settlement, Administration and Corporate Governance.


Shri Deepak Singhal


Shri Singhal is a retired Central Banker with rich experience at different levels in Reserve Bank of India and has a record of successful delivery through a range of challenging and diverse assignments. He retired from RBI as its Executive Director.  He has the expertise in Agriculture & Rural Economy, Banking, HR, Administration and Corporate Governance.


Shri Sanjay Gokuldas Kallapur


Shri Kallapur is Professor of Accounting and Deputy Dean at the Indian School of Business.  Prior to joining ISB, he was a tenured Associate Professor at the Krannert School of Management, Purdue University, USA. He has thirty years' of experience in teaching at the Bachelor's, Master's and PhD levels. In addition to ISB and Purdue, he has also taught at the University of Arizona, University of California at Irvine, the Hong Kong University of Science & Technology and National University of Singapore.  He has expertise in Accountancy, Finance, Economics, Risk and Corporate Governance.
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