About Mumbai
Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest GDP of any city in South, West or Central Asia.
Shri B. Sambamurthy is presently Director and CEO of Institute for Development
and Research in Banking Technology since 2008 onwards.
Prior to taking over as Director, Shri Sambamurthy, served as Chairman and
Managing Director of Corporation Bank. He was Executive Director of Indian bank
earlier. He also served as Non-Executive Chairman of Indian Bank Housing,
Indian Bank Capital Market and Corporation Bank Securities Ltd.
Shri Sambamurthy, a Chartered Accountant, has over three decades of experience
in Banking. During his career, he was responsible for Treasury, International
Banking, Human Resources, Risk Management, Information Technology and
Bancassurance. He served as Chief Manager of Bank’s London Operations.
He has also held various responsibilities including Secretary of Association of
Indian Banks at London, U.K; Vice-Chairman of Foreign Exchange Dealers
Association of India; Chief Examiner of Indian Institute of Bankers; Member of
RBI Committees like Export Advisory Committee, Standing Committee on Forex
Clearing and Committee on reporting system, etc.
Along with the team, he has innovated low cost ICT enabled Branchless Banking
model in Corporation Bank as a part of Financial Inclusion programme. This was
the first of its kind. He is an ardent practitioner of 3 Ps (People, Product
and Process) driven operating model.
Shri Sambamurthy presently serves as the Chairman of the RBI Technical
Committee on Mobile Banking; Nominee Director of RBI on the Board of NPCI;
Director on the Board of Data Security Council of India (DSCI), IDBI Intech.
Ltd., Insurance Information Bureau of India (IIB), Indian Institute of Banking
& Finance (IIBF), Society for Electronic Transactions and Settlement
(SETS), and Member of IT Sub-Committee to the Central Board of RBI, NABARD
Advisory Board for Financial Inclusion Fund and Financial Inclusion Technology
Fund and also member of Ministerial committee on Mobile Banking etc., He also
participates in Banking Policy debates through articles in Newspapers.