About Mumbai

Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest GDP of any city in South, West or Central Asia.

Shri B. Sambamurthy is presently Director and CEO of Institute for Development and Research in Banking Technology since 2008 onwards.

Prior to taking over as Director, Shri Sambamurthy, served as Chairman and Managing Director of Corporation Bank. He was Executive Director of Indian bank earlier. He also served as Non-Executive Chairman of Indian Bank Housing, Indian Bank Capital Market and Corporation Bank Securities Ltd.

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

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

Shri Sambamurthy presently serves as the Chairman of the RBI Technical Committee on Mobile Banking; Nominee Director of RBI on the Board of NPCI; Director on the Board of Data Security Council of India (DSCI), IDBI Intech. Ltd., Insurance Information Bureau of India (IIB), Indian Institute of Banking & Finance (IIBF), Society for Electronic Transactions and Settlement (SETS), and Member of IT Sub-Committee to the Central Board of RBI, NABARD Advisory Board for Financial Inclusion Fund and Financial Inclusion Technology Fund and also member of Ministerial committee on Mobile Banking etc., He also participates in Banking Policy debates through articles in Newspapers.