History & Formation
The RRBs were established in India under RRB Act 1976 [23(1)]. Bank of Baroda had sponsored 19 RRBs in the country of which 7 RRBs were in eastern Uttar Pradesh. During the period from 1976 to 2006 banking industry had undergone various changes and RRBs were no exception. Considering the need for structural changes in RRBs in view of dynamically changing economic scenario, Govt. of India vide its notification dt. 23.02.2006 amalgamated 7 RRBs of Eastern Uttar Pradesh namely Allahabad Kshetriya Gramin Bank, Sultanpur Kshetriya Gramin Bank, Faizabad Kshetriya Gramin Bank, Pratapgarh Kshetriya Gramin Bank, Kanpur Kshetriya Gramin Bank, Raebareli Kshetriya Gramin Bank, Fatehpur Kshetriya Gramin Bank, and 2 RRBs of Western Uttar Pradesh namely Bareilly Kshetriya Gramin Bank, Shahjahanpurr Kshetriya Gramin Bank sponsored by Bank of Baroda. Thus emerged two new corporates called Baroda Eastern Uttar Pradesh Gramin Bank and Baroda Western Uttar Pradesh Gramin Bank with their Head Offices in Raebareli and Bareilly respectively. After a shortwhile from this restructuring, govt. of India vide notification dt. 31st March 2008, let the two banks amalgamate to form a new entity called Baroda Uttar Pradesh Gramin Bank with its Head Office in Raebareli.
Mission is to transform into a Bank with sound financials committed to overall economic development of rural areas with care, competence and compassion towards its customers.
To stage a turn around in profitability and NPA reduction, to double the flow of credit to agriculture, to achieve a quantum jump in savings bank deposit mobilisation, to ensure saturation of villages in our service area, to prepare a committed and knowledgeable workforce with a view to transforming the Bank into the most preferred banking outlet in rural areas.
Our new logo is a unique representation of a composite symbol. It comprises dual 'B' letterforms that hold the rays of the rising sun. We call this the Baroda Sun and it represents the Sponsor Bank – Bank of Baroda. The twin green leaf twigs encircling the Baroda Sun depicts our commitment to protect 'rays of hope' of rural people by contributing to socio-economic development of rural India.
OUR SPONSOR BANK
Shri Ravi VenkatesanView Profile
Shri Ravi Venkatesan
Mr. Ravi Venkatesan is the founder Non- Executive Chairman of Social Venture Partners India, a national network of philanthropists addressing social problems through venture philanthropy. Ravi is a Venture Partner at impact investor Unitus Seed Fund and serves on the boards of Rockefeller Foundation, Infosys Ltd, and Strand Lifesciences. He is the author of an acclaimed book "Conquering the Chaos: Win in India, Win Everywhere" published by Harvard Business Review.
Prior to this, as Chairman of Microsoft India between 2004 and 2011, Ravi helped build India into Microsoft's second-largest presence in the world. He was instrumental in creating Microsoft India’s Project Shiksha, a computer literacy program which has so far trained over 40 million school children in India. Prior to Microsoft, Ravi was the Chairman of publicly held Cummins India and led its transformation into India’s leading provider of engines and power solutions. He helped establish the Cummins College of Engineering, India's first engineering college for women, in Pune.
Ravi has a BS from IIT Bombay, an MS from Purdue University, and an MBA from Harvard Business School where he was a Baker Scholar. He is a recipient of the Indian Institute of Technology Bombay’s Distinguished Alumnus Award and Purdue University's Distinguished Engineering Alumnus Award. He was voted as one of India's best management thinkers by Thinkers50.
Managing Director & CEO
Shri P. S. JayakumarView Profile
Managing Director & CEO
Shri P. S. Jayakumar
Mr. P. S. Jayakumar, 55 years is a Chartered Accountant by qualification and additionally holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur. He also has the distinction of being a Chevening Gurukool Scholar through the London School of Economics and Political Science.
Prior to his appointment as MD & CEO of Bank of Baroda in October 2015, he was the Co-founder and CEO of VBHC Value Budget Housing (VBHC), a leader in housing for low and moderate income household from 2009 to 2015. He was also the Co-founder and Non-Executive Promoter Director for Home First Finance Company (HDFC), a housing finance institution regulated by the NHB, focused on financing customers who are not able to access mortgage loans from the banking sector.
He is a career banker having spent over 23 years in Citibank in India and Singapore starting in 1986. He has contributed to several innovations in retail banking in India. In addition, he was associated with the first asset securitisation in India in 1991 and the first multi-lingual biometric ATM for the financially excluded in 2006.
Mr. Jayakumar has held diverse assignments while at Citibank such as Treasurer - Consumer Bank, Business Development Head covering deposit and lending business, Managing Director for Citifinancial Ltd, Managing Director and Head of Citibank Consumer Loan for Asia Pacific Countries (covering Indonesia, Philippines, Australia, Hong Kong and Korea), Country Head - Citibank Consumer Business and Head of Balance Sheet Management - Asia Pacific. Mr. P. S. Jayakumar has also served as a Board Member in many of Citibank’s subsidiaries in India.
Mr. Jayakumar joined Bank of Baroda on October 13, 2015 and has since been steering the Bank's comprehensive transformation journey currently underway across all aspects - business, digital and technology, compliance and controls, organization and people.
Mr. Jayakumar is currently is a member of the Board of Directors of the following entities that are part of the Bank of Baroda Group:
- BOB Capital Markets Limited
- BOBCARDS Limited
- IndiaFirst Life Insurance Company Limited
- India International Bank Malaysia Berhad
Shri Mayank K. MehtaView Profile
Shri Mayank K. Mehta
Shri Mayank K. Mehta assumed the charge as Executive Director of Bank of Baroda on 22nd January, 2016. Prior to his elevation as Executive Director of Bank of Baroda, he was General Manager and Chief Financial Officer (CFO) at Union Bank of India.
Born on 12th September, 1958, Shri Mehta holds a Bachelors degree in Science from South Gujarat University and is also a Certificated Associate of Indian Institute of Banking and Finance (CAIIB).
Shri Mehta started his career in Union Bank of India in 1977 and rose to the position of General Manager in October 2012. He has held wide range of responsibilities in various capacities before his elevation as General Manager of Union Bank of India. Mr. Mehta, an expert in International Banking, has also been instrumental in technological development of the Bank and successful implementation of Core Banking Solution of the Bank.
Mr. Mehta was a Director on the Board of Union KBC Asset Management Company Private Limited, a Subsidiary of Union Bank of India. He was also a Director on the Board of KITCO Limited (formerly Kerala Industrial and Technical Consultancy Organisation Ltd.) between years 2010-12.
Shri Ashok Kumar GargView Profile
Shri Ashok Kumar Garg
Shri Ashok Kumar Garg has been appointed as Executive Director of Bank of Baroda on 09th August 2016. Prior to this, he was the Chief Executive of the Bank’s US Operations.
Born in 1958, Shri Garg holds a Masters Degree in Commerce and a Bachelor’s Degree in Law from Delhi University. He is an aluminous of Shri Ram College of Commerce (SRCC). He is also a certified Associate of Indian Institute of Banking & Finance (CAIIB).
Shri Garg joined Bank of Baroda as a Probationary Officer in 1979. During his career spanning over three and half decades, he acquired rich experience of diverse Banking Operations, Credit Management, Project Management, Compliance, Training & Development, International Operations, etc.
Shri Garg is an internationally accomplished banker having worked in Bank of Baroda Branches, Regional Office, Zonal Office and Corporate Office in India and with Bank’s offices / Subsidiary spread over three continents, Europe (London), Africa (Kampala) & North America (New York).
During his tenure as the Managing Director of Bank of Baroda (Uganda) Ltd., Shri Garg also served as the Chairman of Baroda Capital Markets (Uganda) Ltd., and as a Director on the Board of Uganda Securities Exchange (USE) and Uganda Banking and Financial Services Ltd. Shri Garg is also a Director on the Board of Bank of Baroda (Guyana) Inc., George Town and Bank of Baroda (Trinidad & Tobago) Ltd., Port of Spain.
Smt. Papia SenguptaView Profile
Smt. Papia Sengupta
Smt. Sengupta is a Science Graduate, with additional qualification of CFA and CAIIB. She joined SBBJ in 1983 as Probationary Officer and has handled responsibilities in several offices of SBBJ, SBI and SBP.
Prior to joining our Bank, she held the position of Chief General Manager (Retail Banking) since April 2016 and Chief General Manager (Stressed Assets Management Group) since June 2015 at State Bank of Patiala (SBP). Smt. Sengupta also served as General Manager of the Delhi network at State Bank of Bikaner and Jaipur (SBBJ).
During her tenure at the various organisations she had worked across various key areas such as IT Security, ALM, HR, Treasury Management etc. She also has handled branch operations for more than two decades and has experience in Credit and Forex operations.
Shri Lok RanjanView Profile
Shri Lok Ranjan
Mr. Lok Ranjan has been appointed as Government Nominee Director on the Board of the Bank w.e.f. 26th August, 2017. He joined IAS in the year 1989 and belongs to Tripura cadre. He did his B.Tech (Mechanical Engg.) and M.Tech from IIT Kanpur and also holds a Masters in Public Administration from Syracuse University, USA.
Besides serving as Collector and District Magistrate of South Tripura, he has also served in various capacities in the Dept. of Information Technology & Communication, Public Works, Handloom & Textiles, Urban Development, Tourism, and Revenue and Finance.
Shri Ajay KumarView Profile
Shri Ajay Kumar
Shri Ajay Kumar has been appointed as the Government Nominee Director of Board of the Bank with effect from January 13, 2017 vide Government of India notification dated January 13, 2017 under section 9 of the Banking Companies (Acquisition and Transfer of Undertaking) Act.
Shri Ajay Kumar has done his Masters in Economics and MS in Banking. He is also a Certified Associate of the India Institute of Banking (CAIIB).
He joined Reserve Bank of India in December 1991 and has had a wide experience of 25 years of working in various capacities in the areas of currency management, rural credit and planning, foreign exchange management and banking supervision. He has worked as the Senior Supervisory Manager for the HDFC Bank and the Kotak Mahindra Bank. He was also the Principal Inspecting Officer (PIO) for the annual supervisory process of the Allahabad Bank, the United Bank and the UCO Bank, also conducted the comprehensive Asset Quality Review of the latter under his stewardship. Further, he was also assigned the responsibility of monitoring the conduct of foreign banks in India. In the area of foreign exchange management, he has been at the helm of formulating Risk Management Guidelines for banks and also Foreign Direct Investment Policy Framework. Earlier, he has also served as Nominee Director in four Regional Rural Banks during his stint in rural credit and planning.
Currently, he is posted as the Regional Director, Reserve Bank of India at Lucknow since February 2016 and is fulfilling his responsibilities towards development of the overall banking infrastructure in Uttar Pradesh.
Shri Prem Kumar MakkarView Profile
Shri Prem Kumar Makkar
Shri Prem Kumar Makkar, has been appointed as Officer Employee Director on the Board of Directors of Bank of Baroda w.e.f. 19th September, 2014. Aged 54, he is a graduate in Commerce from University of Delhi and has also done CAIIB. Having joined the Bank in 1981, he has over 3 decades of experience in banking.
He has also been actively associated with the Officers’ Association of the Bank serving the cause of officers.
Shri Gopal Krishan AgarwalView Profile
Shri Gopal Krishan Agarwal
Shri Gopal Krishan Agarwal is a fellow member of the Institute of Chartered Accountant of India (ICAI) having vast experience in financial markets and economic issues. He is a Member of the Managing Committee of PHD Chamber of Commerce. He is govt nominee of the Central Council of Institute of Company Secretaries of India (ICSI) and Independent Director on the Board of North Eastern Electric Power Co. (NEEPCO). He is also a member of the Task Force on Financial Architecture of MSME Sector set up by the Ministry of Finance, Government of India.
In his previous roles he was member of various committees of Assocham, Public Finance Committee of the Institute of Chartered Accountant (ICAI) and Secondary Market Advisory Committee (SMAC) of SEBI.
Shri Gopal Krishan Agarwal has initiated various public welfare projects like Jaladhikar, Nagrik Manch, Shree Ji Gausadan and Milk Cooperative Movement among many others. He extensively writes for newspaper, financial journals and delivers lectures in seminars & conferences on these subjects. He is also seen on television channels holding forth on different topics of economic interest.
He is Trustee and Treasurer of Dr Mookherjee Smruti Nyas and India Policy Foundation (IPF), two premier research organizations in the country.
Prof. Biju VarkkeyView Profile
Prof. Biju Varkkey
Prof. Biju Varkkey obtained masters degree in Human Resource Management from Mahatma Gandhi University, Kerala and Fellow title in Management from NIBM, Pune. His professional experience spans industry, consulting and leading management schools, having taught at IIM Lucknow and MDI Gurgaon. He works closely with multilateral organizations like ILO, IOM, UNDP and organizations like UNITES and ITUC. Currently he is faculty member at IIM Ahmedabad with the Human Resource Management. Additionally he heads the e-PGP task force of IIMA, which is mandated to lounge long duration virtual learning programs from IIMA soon.
Areas of academic interest include Strategic Human Resource Management, Change Management, New Public Management, Leadership Development, HR Architecture for firms, Performance Management & Improvement, Flexible Work places, Employment Relations, Startups and Family Business transformation. He has published in national and international journals and also co-edited books on HRM practices. The coauthored text book `Human Resource Management’ along with Gary Dessler, published by Pearson Education India is a top-selling textbook. Prof Varkkey has authored more than 30 case studies and technical notes, including award winning case study.
Prof Varkkey serves as the India Research Coordinator for the Paycheck India project, part of the global Wageindicator project. This is an international labour and employment research project initiated by group of researchers, organizations, journalists and trade unions. He has published papers in national/international journals and presented papers in leading conferences. Recent organization based assignments handled are are multidimensional i.e with Seventh Central Pay Commission, UCO bank, Competition Commission of India, UNDP, Sixth Central Pay Commission GOI, government organizations like Delhi Metro, CBDT, Ahmedabad Municipal Corporation, and private organizations like Amara Raja Batteries, L&T Hydrocarbon, Thomas Cook India, HRIPL and Synthite Industries.
Earlier, he was an invited member of the academic advisory board of two high-technology startups and mentor to a startup company incubated by IIT Delhi. Currently he serves as independent director of four public limited companies. He is member of the board of trustees of St Peters School, Panchgani and member of governing council of MCMAT, Kerala. He has served as nominated member in the Core Committee of the National HRD Network – Delhi Chapter (1998-1999), organizing committee for India Young HR Conference, Chair of Technical Committee for Annual HR Conclave of NIPM Kerala (2015) and was member of the founding governing body of the Strategic Management Forum of India.
Dr. R. NarayanaswamyView Profile
Dr. R. Narayanaswamy
Dr. R. Narayanaswamy is a non-executive director representing the shareholders of the Bank other than Central Government. He was elected to the Board of the Bank for a period of three years w.e.f. 24th December 2014. He is a BCom (Madras), PhD (UNSW), CA, CMA, CS and DMA (ICA). He is a Professor of Finance and Control at Indian Institute of Management, Bangalore. He has published many research articles and a textbook, Financial Accounting: A Managerial Perspective (PHI Learning, fifth edition, 2014). He teaches financial accounting, management accounting, and financial statement analysis. He was an independent director of The Indian Railway Finance Corporation Limited and was on the Accounting Standards Board and the Auditing and Assurance Standards Board. Business Today named him one of top three professors in IIMB and one of the top nine business school professors in India.
Shri Bharatkumar D. DangarView Profile
Shri Bharatkumar D. Dangar
Mr. Bharat Dangar has joined as a Director on our Board w.e.f 24th December, 2014 representing shareholders of the Bank for a period of 3 years. He currently serves as Assistant Professor in Faculty of Technology and Engineering of The M.S. University of Baroda. His education accomplishments include Electrical Engineering with distinction and Masters in Engineering with specialization in Microprocessor systems and application. As a student, he was actively involved in pursuing students welfare.
He brings with him a rich experience in fields of Academics, Operations, Management, Accountancy and Human Resource with exposure to various Corporates and SMEs. He is well versed with various farmers’ issues including financing, crop insurance, credit facilities etc. He has been raising issues of farming community and Industry at various levels of Government which resulted into many improvements in respective fields.
He is quite active in issues related to welfare of society at large.
Ms. Usha A NarayananView Profile
Ms. Usha A Narayanan
Ms. Usha A Narayanan is a Chartered Accountant with over 21 years of Audit experience as Audit Partner with PriceWaterhouse from 1992 to 2013. She was one of the first women to be admitted to Partnership in 1997 and has served as Lead Engagement Partner on large Indian listed companies and Indian subsidiaries of multinationals. She is also a qualified Company Secretary.
She has deep knowledge and understanding on assessing business risks and controls, Company Law, Accounting and Auditing standards and their application to business.
She was a member of PW India Assurance Leadership Team for four years from 2009 to 2013 and also led the National Human Capital Function for the Assurance practice.
She is also actively involved in social service.
BOARD OF DIRECTORS – Baroda Uttar Pradesh Gramin Bank
The Governance of Baroda Uttar Pradesh Gramin Bank is through its Board of Directors. Structure of the Board is as under :
Shri M T Muanding GuiteView Profile
Board of Director
Shri M T Muanding Guite
Shri M T Muanding Guite, Reserve Bank of India.
Ms. Pratima MishraView Profile
Board of Director
Ms. Pratima Mishra
Deputy General Manager, NABARD.
Shri. Ajay K.SrivastavaView Profile
Board of Director
Shri. Ajay K.Srivastava
Shri Ajay K. Srivastava (PDS) is Dy. Commissioner and OSD to Agriculture Production Commissioner, Govt. of Uttar Pradesh.
Shri Shiv ShankarView Profile
Board of Director
Shri Shiv Shankar
Deputy Director at Directorate of Institutional Finance & Sarvahit Bima, Lucknow is nominee director of Uttar Pradesh Government on the Board.
Dr. Ram Jass YadavView Profile
Board of Director
Dr. Ram Jass Yadav
General Manager, Lucknow Zone, Bank of Baroda.
Shri Satish Kumar AroraView Profile
Shri Satish Kumar Arora
General Manager, Bank of Baroda Bareilly.