BSE, which was earlier called the Bombay Stock Exchange, has decided to appoint Public Interest Director SS Mundra as its new Chairman. However, his appointment is subject to the approval of the Securities Exchange Board of India (SEBI).
BSE Limited announced on Tuesday noon i.e. 17th may 2022, that it has approved the appointment of SS Mundra, Public Interest Director as the Chairman of the board of directors of the company. Mundra will replace Justice Vikramajit Sen who is the current chairman. However, the appointment is subject to approval by market regulator SEBI.
Mundra retired as Deputy Governor of Reserve Bank of India on 30th July 2017 after completing a stint of three years. Prior to that, the last position held by him was as Chairman and Managing Director of Bank of Baroda from where he superannuated in July 2014.
In a banking career spanning over 4 decades, Mundra held several important positions including that of Executive Director of Union Bank of India, Chief Executive of Bank of Baroda (European Operations) amongst others. He also served as RBI’s nominee on the Financial Stability Board (G20 Forum) and its various committees. He was also the Vice-chair of OECD’s International Network on Financial Education (INFE).
Prior to joining RBI, Mundra also served on Boards of several multi-dimensional companies like the Clearing Corporation of India Ltd (CCIL), Central Depository Services (India) Ltd. (CDSL, National Payments Corporation of India Ltd., etc.
The experience gained in guiding these entities has bestowed him with wide leadership skills and keen insights into best practices in Corporate Governance.
Mundra, a Post Graduate from University of Poona, is a Fellow Member of Indian Institute of Banking & Finance (FIIB). Amity University has conferred the Degree of Doctor of Philosophy (D.Phil.), Honoris Causa, upon Mundra, in recognition of his services in the field of banking and related areas.
Mundra has been a regular presence as a Speaker on various Forums. He has delivered more than 60 speeches/presentations on diverse issues viz. banking, financial inclusion & literacy, MSME financing, audit, Fraud Risk Management, Cyber Security, Consumer Protection, Human Resource Management, etc. at both domestic and international forums. Many of these speeches have been published on the websites of the Reserve Bank of India and of the Bank for International Settlements.
