B Sambamurthy

Mr. B. Sambamurthy is a Nominee Director from Reserve Bank of India. He is an ex Director and CEO of Institute for Development and Research in Banking Technology (IDRBT), Hyderabad.

Mr. Sambamurthy, a Chartered Accountant, by formal qualification has over three decades of experience in Banking. During his career span, he was responsible for Treasury, International Banking, Human Resources, Risk Management, Information Technology and Bancassurance. He has 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.

Earlier Shri Sambamurthy had served as Chairman and Managing Director of Corporation Bank. He was also an Executive Director of Indian Bank and has served as Non-Executive Chairman of Indian Bank Housing, Indian Bank Capital Market and Corporation Bank Securities Ltd.

Along with the team, he has innovated, first of its kind, low-cost ICT enabled branchless Banking model in Corporation Bank as a part of Financial Inclusion programme. He is an ardent practitioner of 3 Ps (People, Product and Process) driven operating model.

Mr. Sambamurthy presently serves on the Board of IDBI Intech. Ltd., Insurance Information Bureau of India (IIB) and Clearing Corporation of India Limited. He had also served on the Board of Data Security Council of India (DSCI), Indian Institute of Banking & Finance (IIBF), Society for Electronic Transactions and Settlement (SETS) and Member of NABARD Advisory Board for Financial Inclusion Fund and Financial Inclusion Technology Fund.

He also participates in Banking Policy debates through articles in Newspapers.