CSB Bank appoints Sharad Kumar Saxena as Additional Director for 3 years term

21 Feb 2022 , 09:20 AM

The Board of Directors of CSB Bank Ltd have appointed Sharad Kumar Saxena as an Additional Director (Non-Executive & Independent) for a term of 3 years with effect from February 19, 2022 subject to the approval of the shareholders of the Bank.

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.

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

At around 9:21 AM, CSB Bank was trading at Rs235.35 apiece up by Rs2.45 or 1.05% on the BSE.