Shri Balachandran M.,Chairman
Ex-Director IBPS and Ex-CMD of Bank of India

M Balachandran has been a career banker for 37 years. He worked in different capacities within India and abroad for over 33 years in Bank of Baroda, lastly as Chief Executive of the bank’s American operations at New York. Thereafter he headed Bank of India and superannuated as its Chairman and Managing Director in 2007. Subsequently he headed Institute of Banking Personnel Selection as its Director and retired in June, 2012. Mr Balachandran has had extensive exposure to Agriculture and SME banking besides Corporate and International segments and Human Resource Management.
He was also instrumental in founding the Star Union Dai ichi Life Insurance Co., a joint venture between Bank of India, Union Bank and Dai Ichi life insurance Co of Japan and was its founder Chairman for 3 years.
He was also Chairman of - BOI Shareholding Co.  and Bank of Baroda( Guyana) Inc., and Director on the boards of Indo Zambian Bank Ltd., Nabard Consultancy Services Ltd., Agricultural Finance Corporation Ltd., He conceptualised and founded " Abhay"  BOI sponsored Credit counselling Centre , the first of its  kind in the country.
During his tenure BOI expanded its overseas net work by adding Beijing and upgrading Schenzen branches in China, Antwerp in Belgium , acquired majority stake in Bank  Swadesi in Indonezia and secured licences for subsidiary in Tanzania  and South Africa.

He was also on the special committee set up by Govt of india for making Mumbai as Intrnational Financial Centre and member of High Power Advisory committee of SEBI on Consents and Compounding., Presently after having been a nominee director of RBI and now assuming the Chair of Board of NPCI, he is also on the Boards of Chartered Financial Management Ltd as Independent Director and PNB MetLife Insurance as Nominee Director of Punjab National Bank.
 Other committees with which Mr Balachandran is currently associated with are - Chairman, Committee for Review of Depositories System in India (SEBI); Chairman, Expert Group for Merger of Urban Co-op. Banks (RBI); Member, Research and Development Advisory Committee of National Housing Bank (NHB); and Trustee, DHAN Foundation.

Mr Balachandran has actively participated in several National and international seminars  and conferences as speaker and panelist.