Nature of change: Appointment of additional independent director
Name and DIN: Ananth Narayan G. (DIN: 05250681)
Effective date and tenure: Four-year term from October 19, 2026 to October 18, 2030 (both days inclusive), subject to shareholder approval
Profile and qualifications: Age 57 years, former Whole-time member of Securities and Exchange Board of India (SEBI) from October 2022 to October 2025, involved in significant policy, enforcement, and adjudication matters across market infrastructure institutions, secondary markets, foreign portfolio investment, alternative investment funds, intermediaries, and corporate governance. Previously Associate Professor and head of Public Policy at Bhavan's SPJIMR for over four years. Served on boards of SBI Capital Markets, Yes Bank (as RBI appointee), Care Ratings, NSE Clearing. Spent 25 years in global financial markets trading foreign exchange, fixed income, commodities and derivatives, leading regional financial markets businesses for Standard Chartered, Deutsche Bank, and Citibank across South Asia and ASEAN. Currently Senior India Analyst at Observatory Group LLC, Senior Visiting Fellow at Isaac Center for Public Policy (Ashoka University), and Honorary Professor of Practice at IIT Bombay SJM School of Management. Holds Post-graduate Diploma in Management from IIM Lucknow (Director's Gold Medal) and B.Tech (Electrical Engineering) from IIT Bombay.
Eligibility confirmation: Not debarred from holding office of director by any order of SEBI or statutory authority
Relationship disclosure: Not related to any other directors or Key Managerial Personnel of the Bank
Governance implications: As independent director, shall not be liable to retire by rotation during tenure under Section 149(13) of Companies Act, 2013
Board Meeting Details
Board meeting commenced at 9:00 am on October 16, 2026
Appointment approved by Board at 9:30 am on October 16, 2026
Recommendation made by Nomination and Remuneration Committee
