Board of Directors
Mr. Arun Mehta
Managing Director & Chief Executive Officer – (SBICAP)
Mr. Mehta has over 34 years experience in banking, having started his career with SBI in 1985. Mr. Mehta has handled various assignments both in India and overseas, across various functions, gaining wide experience in different areas of Banking. His assignments include Vice President (Syndication & Investment) at Hong Kong, Dy.General Manager (Merchant Banking) in International Banking Group handling ECBs, FCTLs and Loan Syndication, General Manager- Mid Corporate Group Ahmedabad responsible for the State of Gujarat as also Diu and Daman and Chief General Manager, Financial Control in the CFO vertical. Presently he is posted as Managing Director & Chief Executive Officer of SBI Capital Markets Limited.
Mr. B.R.S Satyanaryana
President & Chief Operating Officer- (SBICAP)
Mr. B.R.S Satyanaryana has over 33 years of banking experience, having started his career as a Probationary Officer with State Bank of India in 1988. He has held various positions both in India and overseas, across multiple functions.
Prior to assuming charge as President & Chief Operating Officer of SBICAP with effect from 4th June 2021, his roles included Chief General Manager of International Banking – II, managing bank’s network in Asia, Africa &. Australia. SBI is the largest Commercial bank in India with over 22,000 branches. As the head of International Banking-II, responsible for driving SBI’s business which include Institutional Sales, Loans & Advances, Liability Products, Trade Finance and Payments Products in the allocated geographies. Headed Financial Institutions Group (2018-19) controlling the 235 correspondent Banking relationships and Money Laundering Reporting Officer for the International Banking Operations. He held the position of Country Head and CEO of SBI Japan Operations (2012-2018).
During the period 1988 to 2010, he had held assignments spanning various facets of retail, agriculture and Small Businesses, Investment management of Pension funds, resource mobilization and their deployment
He has a Master’s degree in Financial Service Management and is a Certified Associate of the Indian Institute of Bankers.
Mrs. Manju S. Bolakani
Chief General Manager (CCG-II)-SBI
Mrs. Manju S. Bolakani joined State Bank of India in 1985 as Probationary Officer. Mrs. Bolakani is a Science Graduate and holds a Master’s degree in Business Administration (Marketing). She has more than three decades of Banking experience. She has held various positions both in India and overseas, across multiple functions. Her previous assignments include VP & Head (Credit) at New York Branch, Assistant General Manager (RM) at Corporate Accounts Group, DGM (Executive Secretary) to Chairman and General Manager at Bangalore etc. Presently, She is a Chief General Manager of Commercial Clients Group looking after Eastern & Western India (excluding Mumbai), which includes Branches spread in the States of West Bengal, Gujarat, Maharashtra (other than Mumbai Metro), Madhya Pradesh, Odisha and Chhattisgarh.
Mr. J Chandrasekaran
Director of STCL.
Mr. Chandrasekaran is a Bachelor of Technology (Chemical) B-Tech and Graduate from IIT, Madras. He had worked with SBI for over 35 yrs in the field of Credit, Treasury, Forex, SME & many other banking fields. He retired as a Chief General Manager from SBI. Presently, he is inducted on the STCL Board as a nominee Director of SBICAP.
Mr. Rajasekhar Raghavan
MD & CEO
Mr.Rajasekhar Raghavan is the Deputy General Manager of SBI and deputed as MD & CEO of SBICAP Trustee Company Limited.
Mr. Sanjay Panse
Director of STCL.
Mr. Sanjay Panse is a Fellow Chartered Accountant and also the founder and Senior Partner of S Panse & Co LLP, Chartered Accountants. He has post qualification experience of over 30 years. Government of Maharashtra had appointed him as a member of Fee Regulatory Authority under Maharashtra Unaided Private Professional Educational Institutions (Regulation of Admissions and Fees) Act, 2015.
Banking, Finance, Capital Market and Insurance - He has exposure to intricate Business Processes and Regulatory and Compliance Issues of Mutual Funds, FPI's, Portfolio Managers, Insurance, Banking and is a participant in almost every Financial Sector in India. He has deep understanding of Accounting, Audit and functioning of Financial Markets Sector Participants and has spearheaded practice of S Panse & Co LLP in the area of Audit, Quality Assurance Services, Due Diligence, Internal Audits, Advisory Services to the Mutual funds, Portfolio Managers, Banks, Insurance Companies and Other Intermediaries in Capital Market.
He is a frequent speaker and writer on Economic and Financial Matters. He has submitted Research Paper on "Mutual Fund Valuations & Accounting Policies & Practices to the ICAI and has published articles in technical journals. He has also served as Independent Director on the board of Saraswat Co-operative Bank Ltd. and is presently on the Board of Saraswat Infotech Ltd. He is also serving as an Independent Director on the board of ECA Trading Services Limited.
Infrastructure & Railways - He was an Independent Director on the Board of Mumbai Railway Vikas Corporation Ltd. (MRVC) and also the Chairman of Audit Committee – MRVC.
SEBI - Mr. Sanjay Panse was nominated by SEBI on its Secondary Market Advisory Committee (SMAC) and is also nominated as an expert member on working group of Mutual Funds handling Inter-scheme Transactions, Accounting etc
Mr. Balkrishna Vinayak Chaubal
Director of STCL.
Shri. Balkrishna Vinayak Chaubal retired as Deputy Managing Director of State Bank of India, after serving for more than 38 years with the bank. His role inter alia included formulation of policy as well as strategy, ensuring regulatory compliance like maintenance of CRR/SLR, managing liquidity through money market operations and contributing to investment decisions, Asset Liability Management and Market Risk Management. He was overall in-charge of global markets' operations involving bank's investments and forex.
Shri Chaubal holds a Bachelor's degree in Science from the Institute of Science, Nagpur and Master's degree in Physics from the Indian Institute of Technology, Mumbai. He is also a Visiting Professor at the National Institute of Bank Management, Pune, specializing in commercial banking, corporate governance and strategy. He is also a Certificated Associate of the Indian Institute of Bankers.
Presently, Shri Chaubal is the Chairperson of the Governing Board of Central Depository Services (India) Limited (CDSL) w.e.f July 30,2019 as Public Interest Director. He is also Director on the Board of GVFL Trustee Company Limited.