On Tuesday, the BSE (previously Bombay Stock Exchange) stated that the appointment of SS Mundra, Public Interest Director, as the company's board chairman had been authorized. After serving for three years, SS Mundra left his position as deputy governor of the Reserve Bank of India on July 30, 2017. His last role before that was Chairman and Managing Director of Bank of Baroda when he retired in July 2014. However, SEBI, the market regulator, must first approve the appointment.
His last role before that was Chairman and Managing Director of Bank of Baroda when he retired in July 2014. Mundra held several significant positions during his four-decade banking career, including Executive Director of Union Bank of India and Chief Executive of Bank of Baroda (European Operations), among others.
Additionally, he represented the RBI as the G20 Forum's nominee on the Financial Stability Board and its numerous committees. He served as the International Network on Financial Education's vice chair as well (INFE).
The Clearing Corporation of India Ltd (CCIL), Central Depository Services (India) Ltd. (CDSL), BOB Asset Management Company, India Infrastructure Finance Corporation (UK) Ltd. (IIFCL), IndiaFirst Life Insurance Company Ltd., Star Union Dai-Ichi Life Insurance Company Ltd., and National Payments Corporation of India Ltd. are just a few examples of the multi-dimensional companies Mundra served on the boards of before joining RBI.
He has broad leadership abilities and sharp insights into the best practices in corporate governance thanks to the experience he has earned in leading these organizations.
Mundra has consistently spoken on a variety of forums. At both domestic and international forums, he has given more than 60 speeches and presentations on a range of topics, including banking, financial inclusion & literacy, MSME financing, audit, fraud risk management, cyber security, consumer protection, and human resource management. Many of these remarks have been made public and may be seen on the websites of the Bank for International Settlements and the Reserve Bank of India.
Shri Mundra has received the Honoris Causa Doctor of Philosophy (D.Phil.) degree from Amity University in appreciation of his contributions to the banking industry and allied fields.