Independent Non-Executive Director - Axis Bank
Gopalaraman Padmanabhan, 65 years is a post graduate in Economics from Kerala University and a Masters in Business Administration from the Birmingham Business School.
He holds extensive experience and expertise in bank regulation and supervision of foreign exchange/securities markets in India, information technology and payment systems, with more than 35 years of experience with the RBI in various capacities
i.e. recommending and implementing policies, systems, guidelines and regulations relating to the banking, financial services and securities sector of the country.
He was the Chairman of the Committee to implement GIRO in the country and has been involved in the implementation of new e-Treasury system in the Reserve Bank. He was also involved in the operationalisation of the first of its kind ISO 20022 standards
based RTGS System and the digitisation of payment transactions. He was also the Chairman of the Technical Committee on Services/ Facilities for Exporters and a part of the think tank to manage market volatility, as well as a member of the
Governing Council of the Institute for Development & Research in Banking Technology, a banking research institute established by RBI. He represented RBI in the Committee on Payment and Settlement Systems, Basel and was also inducted into
the Steering Group of the CPSS-IOSCO for Review of Standards.
As a member of the Working Group of the CPSS, Basel, he worked on the report on Principles for Financial Market Infrastructures and also chaired the International Working Group set up by CPSS(now CPMI) on Non-banks. He was one of the persons responsible for drafting the Sodhani Committee’s report in 1995 on the foreign exchange market and measures for widening and deepening the market, and has supervised the revision of the Internal Control Guidelines for Foreign Exchange Business in 1996. He was also a member of the internal group that prepared and submitted a Technical Paper on Asset -Liability Management for Indian banks which was accepted by the Bank and formed the basis for Reserve Bank of India's initiative. On superannuating while holding position of Executive Director from the RBI, he was appointed as Non-Executive Chairman of Bank of India in August 2015. He held this position for 5 years till August 2020. He advises several firms on banking/ foreign exchange and payment system and other regulatory issues.
He is Chairman of Customer Service Committee and a Member of Risk Management Committee and IT Strategy Committee of the Bank.
He is not related to any other Director or Key Managerial Personnel of the Bank.