Executive Summary
Digital banking major slice—which has transitioned into a full-stack commercial bank following its landmark merger with North East Small Finance Bank (NESFB)—has strengthened its board of directors with the appointment of two seasoned banking leaders.
The company has appointed Samir Sawhney, a 34-year State Bank of India (SBI) veteran and former Chief General Manager of Global Markets, as Executive Director following approval from the Reserve Bank of India (RBI). Simultaneously, Ramesh Kumar, who spent two decades leading digital banking and technology strategy at ICICI Bank, has joined the board as an Independent Director.
Leadership Profiles and Strategic Mandates
1. Samir Sawhney — Executive Director (Treasury, ALM & Markets)
- Career Background: Over 34 years of commercial and investment banking leadership at the State Bank of India (SBI).
- Key Executive Milestones:
- Served as Chief General Manager (CGM) of Global Markets at SBI, overseeing the bank’s domestic treasury portfolio exceeding ₹16.5 lakh crore and managing over $10 billion in foreign currency assets.
- Former Chairman of the Foreign Exchange Dealers' Association of India (FEDAI), representing the banking sector in policy consultations with the RBI.
- Former Chief Executive Officer of the RMBS Development Company, an initiative sponsored by the National Housing Bank to deepen India’s mortgage-backed securities market.
- Mandate at slice: Steering balance-sheet asset-liability management (ALM), statutory liquidity reserves (SLR/CRR), institutional treasury operations, and central bank regulatory reporting.
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