Subhash Chander Kalia

Independent Director

Mr. Subhash Chander Kalia, Aged 63 years, is an Independent Director of our Company. He holds a bachelor's degree in arts from Punjab University and a master's degree in political science, with the distinction of standing first in the University from Guru Nanak Dev University.

He has over 40 years of experience in the banking and finance sector, and has held the positions of executive director, Union Bank of India, executive director, Vijaya Bank, general manager, Bank of Baroda and chief executive of Bank of Baroda in respect of its operations in Mauritius as well as the chairman of Regional Rural Bank, Pratapgarh.

He has also held since his retirement, positions of advisor and head of the debt market cell constituted by the GoI under the India Infrastructure Finance Company Limited, as well as advisor to the Spice Group of companies in respect of their banking license application.

He is presently also serving as an external member on the Empowered Committee of the Reserve Bank of India on External Commercial Borrowing, as a member of the Governing Council of Bankers Institute of Rural Development, Lucknow and as member of Banking and Finance Committee of the Indian Merchant's Chamber, Mumbai.

He has been a Director on our Board since June 30, 2014.