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About Bank of Baroda



Our Board Of Directors

Shri Murali Ramaswami – Additional Director
(DIN : 08659944)

Mr. Murali Ramaswami has joined as Executive Director in Bank of Baroda on 01.10.2019. Mr. Murali Ramaswami is an MBA, Certified Cost & Works Accountants (AICWA) with Professional Qualification of CAIIB. Prior to joining the Board of Bank of Baroda as Executive Director on 01.10.2019, he served on the Board of Vijaya Bank as an Executive Director from 19.02.2018 till 31.03.2019.

He joined Vijaya Bank as an Officer on 08.04.1989, worked in various verticals in various Geographical Areas. He ascended the echelons of Management and promoted as General Manager and appointed as the Regional Head of Mumbai Region. Further, he was posted as General Manager Credit (Operation & Policy) of Vijaya Bank in July, 2015. He was also holding the position of Chief Financial Officer (CFO) of the Bank.

Mr. Murali Ramaswami, groomed as an expert Credit Professional known for his strong finance and analytical skills, he worked in Credit Dept. for a major part (12 years) thereby enabling to study the proposals emanating from various cross section of Industries.

He was elevated to the rank of Executive Director in Vijaya Bank on 19th February, 2018 and handled various portfolios such as Credit [operations], Policy, Recovery, Legal, Treasury and other critical Departments.

He served as an Officer on Special Duty in Bank of Baroda and was in charge of Overall Integration process subsequent to Amalgamation of three Banks [Bank of Baroda, Vijaya Bank and Dena Bank] spearheading smooth integration process and heading Information Technology Department and Digital Banking Dept.

Shri Murali Ramaswami has been appointed as an Additional Director of the Company with effect from March 02, 2020.



Mrs. Rajeshree Sabnavis – Independent Director
DIN:06731853


Rajeshree Sabnavis specialises in tax advisory and transaction tax matters and has over 20 years of experience in advising clients on their cross border acquisitions and implementing the India business strategy for multinationals. She has also advised multinationals including Fortune 500 companies in the areas of tax and transfer pricing, and has assisted large Indian Companies in implementing their transfer pricing across jurisdictions in the ITES sector. She has worked with some of the larger portfolio investors investing in India including some of the large Institutional investors in managing their tax compliance and litigation in India.

Rajeshree is part of the Direct Taxation Committee with the Bombay Chamber of Commerce where she is a Co-Chairperson. In this capacity, she has represented India business Houses and Multinationals on various tax issues before the Central Board of Direct Taxes. She is a qualified Chartered Accountant and a Company Secretary.

Ms. Rajeshree Sabnavis has been appointed as an Independent Director of the Company with effect from 06.05.2017



Shri Arvind Mahajan – Independent Director (Additional)
DIN:07553144


Shri Arvind Mahajan, is a graduate (B.Com. Hons) from Shriram College of Commerce, Delhi University and has a Post Graduate Diploma in Management from IIM, Ahmedabad. He is a Fellow of the Institute of Management Consultants of India and has attended management development programmes of Michigan Business School and Harvard Business School.

He has more than 38 years' experience in management consulting & industry. His management consulting experience has included more than 22 years as partner with AF Ferguson & Co, Price WaterhouseCoopers, IBM Global Business Services and most recently with KPMG. His industry experience was with Procter and Gamble in financial management and management reporting.

In his career at KPMG India (2006-2016) he has lead the management consulting services and later the energy, infrastructure, government and healthcare practices of the firm. He also had the privilege of being member of KPMG's Global Management Consulting and Global Infrastructure sector Leadership teams. On retirement from KPMG, he set-up Samiksha Advisors LLP (August 2016), a strategy and board advisory firm, of which he is Managing Partner.

His specialization is in advising CEOs & Boards in area of business strategy & helping "make strategy happen" through growth & transformation initiatives. He has also has strong background in corporate finance, enterprise risk management & people and change. He has advised clients in a diversified portfolio of industries with special emphasis on energy, infrastructure, resources, financial services, technology and telecom sectors His clients have included some of India's leading business groups and MNCs as well as government organizations including PSUs.

Shri Arvind Mahajan has been appointed as an Additional (Independent) Director of the Company with effect from 15.09.2017.



Shri Subrat Kumar – Additional Director
(DIN : 08102232)

Shri Subrat Kumar is the General Manager, Head of Treasury and Global Markets of Bank of Baroda.

Shri Subrat Kumar, is a Science Graduate, with additional qualification of MBA (Finance) from Magadh University. Besides that he is also Certified Associate of the Indian Institute of Banking and Finance (CAIIB).

He joined Bank of Baroda in 2019 as General Manager and is a career banker. He worked in various capacities in erstwhile Vijaya Bank including CRO, In charge of Digital Banking, Regional Heads etc.

He was General Manager in charge of Treasury & International Banking Department in Vijaya Bank.

Post-Merger of Vijaya Bank with Bank of Baroda on 02.05.19, He became General Manager of Treasury & Global Markets.

Shri Subrat Kumar has been appointed as an Additional Director of the Company with effect from July 18, 2019.



Shri Purshotam – Additional Director
(DIN : 08504005)

Shri Purshotam has diversified career spanning over 34 years in Banking and Mutual Fund industry.

Shri Purshotam, is a Commerce Graduate (Hons), with additional qualification of MBA (Finance) from FMS, Delhi University. Besides that he is also Certified Associate of the Indian Institute of Banking and Finance (CAIIB), has completed DBF, Chartered Financial Analyst(CFA) and also Fellow of Insurance Institute of India.

He joined State Bank of India in 1982 and worked for 4 years. Thereafter he was with UTI Mutual Fund for 17 years and worked in various departments, viz; Equity Research, Money Market dealing, Operations, as Branch Manager and as AVP in Central Processing Cell.

He worked in various capacities for 13 years in erstwhile Dena Bank including Mutual Fund distribution, Branch Manager, AGM Treasury (including Incharge front office, back office etc.), Zonal Manager of Mumbai Suburban Zone, DGM in Field GM Office, Maharashtra & Goa, Zonal Manager of Thane Zone.

He was General Manager in charge of Resource Mobilisation, Treasury, Security & Service Branches etc various Department in Dena Bank.

Post-Merger of Dena Bank with Bank of Baroda on 1.4.2019, He became General Manager of Wealth Management services & Demat on 6th May 2019.

Shri Purshotam has been appointed as an Additional Director of the Company with effect from July 18, 2019.



Shri Ratnesh Kumar – Managing Director and Chief Executive Officer
(DIN : 03158432)

Mr. Ratnesh Kumar, 52 years, is an MBA from FMS, University of Delhi and M.Sc. (hons) Physics & B.E. (hons) Electrical and Electronics Engineering from BITS, Pilani, Rajasthan. He started his career in Indian capital markets and financial services in 1993 and over these 26 years he has had a varied experience in diverse organizations and leadership roles.

Prior to joining BOB Capital Markets Ltd, he was Managing Director, Head- Cash Equities India & CEO of Standard Chartered Securities India from July 2010 till March 2015, where main business segments were institutional brokerage, equity capital markets, equity research and retail brokerage. He was Managing Director, India Strategist & Head of India Research at Citigroup Global Markets India over 2000-2008 and played a key role in the set up and scale up of the company's India businesses. Prior to Citigroup, he was Head of Research and India Strategist at CLSA.

Over the years, Mr. Ratnesh Kumar and teams led by him have won many awards nationally and internationally.

He is an avid follower of basketball and chess.

Mr. Ratnesh Kumar has been appointed as the Managing Director & CEO of the company with effect from 1st November 2016.



  • Shri Ram Singh Setia resigned and ceased to be as Director with effect from 30.04.2015
  • Shri Ranjan Dhawan resigned as Chairman-Director on 30.09.2015
  • Shri Golak Bihari Panda resigned as Managing Director and Chief Executive Officer w.e.f. 27.11.2015
  • Ms. Vindhya Ramesh - resigned and ceased to be as Woman Director with effect from 22.02.2016
  • Shri Shiv Badan Yadav resigned and ceased to be as a Whole Time Director & Chief Financial Officer w.e.f. 06.05.2016.
  • Shri M.V. Deshpande ceased to be as a Director with effect from 31.07.2016
  • Shri K.N. Manvi, who was appointed as a Director on 31.01.2015 and re-designated as Managing Director and Chief Executive Officer on 06.05.2016 resigned with effect from 31.10.2016
  • Shri P.H.Ravikumar, Independent Director resigned with effect from 23.11.2016
  • Shri Pramod Kumar Singhvi, Whole Time Director & Chief Financial Officer resigned with effect from 06.05.2017
  • Shri Rajkumar Aggarwal, Independent Director resigned with effect from 24.07.2017
  • Mrs. Purnima Satish Rao, resigned and ceased to be as Woman Director with effect from 24.07.2017
  • Shri Rakesh Kumar Bhatia, resigned and ceased to be as a Director with effect from 27.04.2018.
  • Shri Mayank K. Mehta, resigned and ceased to be as a Director with effect from 30.09..2018.
  • Shri Murari Lal Sharma, resigned and ceased to be as a Director with effect from 28.11.2018.
  • Shri Kamal Kant Mahajan, resigned and ceased to be as a Director with effect from 04.05.2019.
  • Mrs. Papia Sengupta, resigned and ceased to be a Director with effect from 01.10.2019.
  • Shri Virendra Somwanshi, resigned and ceased to be as Whole Time Director with effect from 15.10.2019
  • Shri P.S. Jayakumar resigned as Chairman- Director on 12.10.2019.








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