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Smt. Varsha Purandare assumed charge as Managing Director & Chief Executive Officer of SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) on 9th November 2015. Prior to this, Ms Purandare was the Deputy Managing Director and Chief Credit Officer (DMD & CCO) of the State Bank of India.
Ms Purandare has been with the State Bank of India for over three decades, having joined the Bank as a Probationary Officer in 1982. During her long career of 33 years in the Bank, she has held many challenging assignments, both in India and abroad, which include Branch Banking, Large Credit, Forex and other assignments as below:
With a Master's degree in Economics, Smt. Rao has been the quintessential banker since August 1972. Her 35 years in the Bank have seen a range of assignments both in India and abroad in areas like Commercial Banking, Project Finance, and International Banking. She has had stints as Manager- Business Development, Singapore, Deputy General Manager- Overseas Branch, Bangalore, General Manager- Project Finance SBU, Mumbai, Chief General Manager- International Banking Group, Foreign Offices, Mumbai, Dy. Managing Director & Group Executive (International Banking), Corporate Centre, Mumbai and Dy. Managing Director & Chief Credit Officer, Corporate Centre, Mumbai.
Shri M.P. Mehrotra is a Bachelor of Commerce, L.L.B, and a Fellow Chartered Accountant practicing for the last 45 years and the founder partner of Mehrotra & Mehrotra, Chartered Accountants, Kanpur & Delhi. Shri Mehrotra has wide experience as Central Statutory Auditors and Tax Consultants and expertise in Income Tax and Corporate Laws.
Shri Mehrotra has been associated with Bank of Baroda, LIC of India, Syndicate Bank, Punjab National Bank, Bank of India, Food Corporation of India and other Public Sector Undertakings as Statutory Auditors and handled various assignments of Techno Economic Studies, Corporate consultancy, Income-tax matters, Mergers and Acquisitions, Finance & Administration and also Debt Restructuring in Corporate Sector. He is a member of Task Force for MOUs, Ministry of Heavy Industries & Public Enterprises, Govt. of India, Dept. of Public Enterprises, for the last 7 years.
Shri H.N Varma, has had an illustrious career with the State Bank group with experience in a wide variety of banking verticals. He has also served in SBI Capital Markets Ltd. and has in- depth knowledge of investment banking and distribution paradigm in the capital markets.
Dr. T.T. Ram Mohan, Independent Director, has several years of experience in consultancy and in the financial sector. Graduated from IIT, Bombay and IIM, Calcutta and obtained his doctorate from Stern School of Business, New York University. Served on several RBI and SEBI committees and on boards of directors. At present, Professor, Finance and Economics at the Indian Institute of Management, Ahmedabad.
Shri Prashant Kumar, Deputy Managing Director (Chief Operating Officer), State Bank of India, joined the Bank as Probationary Officer in 1983. Prior to this, he was the Chief General Manager of Kolkata Circle of SBI. He has been General Manager of Mumbai Circle of the Bank. He was posted at SBI Corporate Centre, Mumbai, as Deputy General Manager (Industrial Relation) and had also worked as a Faculty in State Bank Academy, Gurgaon, with diverse experience in the fields of credit, Human Resources and training systems. His notable assignment also includes his stint as Chairman of Purvanchal Gramin Bank, Gorakhpur and is credited for the tectonic changes in business levels and performance of the Bank. He is a Science Graduate and LLB from Delhi University.
Non Executive Director
Shri. Ashwani Bhatia has completed his B.Sc. in Mathematics/Physics and MBA from Jaipur and is the President & COO of SBI Capital Markets. He has been with State Bank of India for the past 30 years. Previously, he was the Chief General Manager – SME at its Corporate Office; General Manager (Network) for Punjab/Jammu & Kashmir/ Himachal Pradesh in Chandigarh Circle; Deputy General Manager, Mid Corporate Group, Chandigarh. He was also part of the Treasury for 8 years as Head (Forex), Head (Interest Rates) and Chief Dealeri (Equities). He began his career in Rajasthan and has also been posted as Dealer (Money & Forex) in Tokyo Branch.
Chief Financial Officer
Chief Risk Officer
Shri Sarbeswar Lenka is an M.SC in Physics & CAIIB. He joined State Bank of India as Probationary Officer in December, 1983. He has experience in International Banking & Treasury operations spanning over 15 years in Branches in SBI Forex Treasury at Kolkata & Mumbai. He has handled Retail as AGM at Local Head Office for Bhubaneswar circle & also worked as Regional Manager in Bhubaneswar circle for over 5 years. He was the Chairman of Chhattisgarh Rajya Gramin Bank at Raipur for 3 years with experience in amalgamation of 3 Regional Rural Banks in the state of Chhattisgarh. He has worked as Chief Financial Officer at SBICAP Securities Ltd for about 1 year.
Shri Abraham K Varkey is an M.Com & CAIIB. He joined State Bank of India as Probationary Officer in December 1984. He has worked as Head, RTMU at Chennai and Head – Back office at Hong Kong (IBO). He has also worked as SVP & Head (Product Development & Marketing – State Bank Group Channel) at SBI Funds Management Ltd.
SVP & Head – IT
Shri Karthikeyan B - an alumni of IIM Lucknow and IIT Madras, has a vast experience of around 15 years in the areas of Product Development, Business Development, Customer communications, Marketing, Client acquisition in various capacities with organizations of repute such as ICICI Bank, ICICI Brokeragei Services, Web18, Shriram Insight Broker and Axis Securities and Sales Limited. He is responsible for the Retail Business – both Online and Off Line , Product Development and Customer Service as well.
Shri Shyam Panicker has more than 18 years of work experience in Information Technology especially in the Capital Markets. His expertise covers a wide gamut of areas such as drafting and implementing Business systems processes and policies, IT policies, Disaster Recovery/BCP policy and implementation. He is a key member in the business strategy developing and policy implementation.
An alumni of Narsee Monjee Institute of Management with specialisation in HR, Shri Sharanabasappa P. Jade has close to 20 years of experience in BFSI sector more so in Human Resource Development. He comes with a rich experience from ICICI Bank and TATA Capital, where he has spent substantial period and contributed to the growth of the organisations.
Heads the Human Resources Team for over 3 years. Has been instrumental in building a large team and bringing in the best HR practices for the organisation.
Head Back Office
Shri. Muralidharan Nair is MBA in
Shri. Muralidharan Nair is MBA in Finance from University of Mumbai. He joined SBICAP Securities Ltd in Oct 2006. He has rich experience of over 20 years in Broking, Investment & Forex. Prior to joining SBICAP Securities He served with many esteemed organisations such as HDFC Securities Ltd, ISE Securities & Services Ltd, Allianz Securities Ltd, Wall Street Finance Ltd.