CSB Bank appoints Mr. Sharad Kumar Saxena as additional director

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of CSB Bank Limited, by resolution passed by circulation, have appointed Mr. Sharad Kumar Saxena (DIN: 08238872) as an Additional Director (Non-Executive & Independent) for a term of 3 (three) years with effect from February 19, 2022 subject to the approval of the shareholders of the Bank.

Mr. Sharad Kumar Saxena had held almost all the leadership positions in ICICI Bank technology group at different points in time, such as heading the technology function for Corporate Banking, Commercial Banking, Asset products including Corporate & Retail Loans, International Banking, Credit Cards, Cash Management Services, Payment Systems, Core Banking, Switching, HR, CRM and Compliance & Fraud Management, Head of IT Infrastructure group including Networks and head of Technology Compliance for interfacing all audits and inspections. Later, as Chief Technology Officer for amalgamated Bank of Baroda and as the Head of IT of Bank of Baroda, successfully led the bank merger of erstwhile Vijaya Bank and erstwhile Dena Bank with Bank of Baroda.

He was a member of the core technical committee of RBI, in-charge of automation of Regulatory Returns filing, NG-RTGS, RBI Core Banking and Interface with Government Departments and Managing Outsourcing Risks.

Mr. Sharad Kumar Saxena has vast, i.e., over 30 years of experience in IT, in two large service sectors - Railways and Banking.

Mr. Sharad Kumar Saxena, is an engineering graduate in Electronics & Telecommunication from Government Engineering College, Jabalpur. He is a Certified Information System Auditor (CISA) from ISACA, US, and also Certified ISO 27001 Implementer and Certified Senior Examiner for Quality Management for the Indian Merchant's Chamber, Ramakrishna Bajaj National Quality Award (RBNQA).

Mr. Sharad Kumar Saxena has no other directorship as on the date of appointment.

Shares of CSB Bank Limited was last trading in BSE at Rs. 232.90 as compared to the previous close of Rs. 237.70. The total number of shares traded during the day was 26078 in over 1239 trades.

The stock hit an intraday high of Rs. 246.75 and intraday low of 231.75. The net turnover during the day was Rs. 6290271.00.

Source : Equity Bulls

Keywords

CSBBank INE679A01013 Appointment AdditionalDirector NonExecutive Independent