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		An independent and autonomous watch dog to monitor and ensure that the Banking Codes and Standards adopted by the banks are adhered to in true spirit while delivering their services

Profile of the Members of the Governing Council

	Smt. K.J. Udeshi Chairman She is a post graduate in Economics from Bombay University. She topped her academic career by being the first female student to win the trophy for the Best All Rounder Student. She moved on to a career in central banking and became the first woman to be appointed as Deputy Governor of the Reserve Bank of India. She has been a nominee Director of the RBI on boards of SEBI, SBI, NABARD, EXIM Bank, NIBM etc. and also served as the Chairman of the Bhartiya Reserve Bank Note Mudran (Pvt.) Ltd., and the Deposit Insurance and Credit Guarantee Corporation.

	Shri K.V. Subba Rao Chief Executive Officer and Member He is a Post Graduate in Political Science from Osmania University, Hyderabad. He was the recipient of Gold Medal for topping the post graduate exams. At present he is holding the post of Chief General Manager in the Reserve Bank of India. He has varied experience of more than 25 years of Central Banking in various capacities. He has experience of working in the regulatory and supervisory departments of the Reserve Bank of India as also in the in the departments dealing with Currency Management. He has been closely associated various committees e.g. High Power Committee on Urban Cooperative Banks ( Madhav Rao Committee) and the Screening Committee for licensing of new Urban Banks etc.

	Shri V.P. Shetty Member He is a Graduate in Commerce from Bangalore University. He started his career with Vijaya Bank in 1993 and retired as Chairman and Managing Director of IDBI Ltd. in June 2007. The positions held by him in banks include Chairman and Managing Director of UCO Bank and Canara Bank. As Chairman, IDBI, he was a member of many international bodies like Association of Development Financial Institutions in Asia and the Pacific [ADFIC], South Asian Development Fund [SADF], Association of Development and Industrial Banks in Asia [ADIBA].He was a also Director of many public financial institutions like, Life Insurance Corporation of India, General Insurance Corporation of India, EXIM Bank etc. He was Chairman of Indian Banks' Association during 2006-07. He has been the recipient of 'Banker of the Year -2003' Award from Business Standard Group in recognition of his successful turnaround of UCO Bank.

	Shri. M.M. Chitale Member He is a practicing Chartered Accountant and a partner of Mukund M. Chitale and Company and has been associated with the Institute of Chartered Accountants of India and the International Auditing Practices Committee of the International Federation of Accountants in various capacities. He has been a member of various committees including, Committee for Collective investment Scheme appointed by SEBI, Working Group on Restructuring of Weak Public Sector Banks, Committee on Procedures and Performance Audit on Public appointed by RBI and Company Law Advisory Committee of Central Government. He has served as a Public Representative Director on the Stock Exchange, Mumbai, Director Deposit Insurance Corporation of India and LIC Housing Finance Ltd. He is presently independent director on the Board of Oil and Natural Gas Corporation Ltd., Larsen & Toubro Ltd., ASREC (India) and the Board of Supervision of NABARD. He has written articles and presented papers at various seminars and conferences.

	Shri S.Divakara Member He is a Commerce Graduate; is Director General of Forum of Free Enterprise Mumbai, and Jt.Hon.Secretary, All-India Bank Depositors' Association (Mumbai). He is Hon.Secretary of the A.D.Shroff Memorial Trust, and he is also Trustee of various trusts viz M.R. Pai Foundation, Rajaji Foundation, Dadabhoy Naoroji Memorial Prize Fund and Economics Research Centre.Currently he is a member of the Working Group to formulate a Scheme for ensuring reasonableness of the bank charges constituted by the Reserve Bank of India.

	Shri S.R.Kolarkar Member He is a post graduate in law (LLM) from Bombay University and was Lecturer and Professor of Law in Government Law College in Mumbai and University Law College in Nagpur. He had also practiced as Advocate before Bombay High Court (Bombay and Nagpur benches). Presently. he is Legal Adviser with the Reserve Bank of India, where he has handled cases relating to banking and foreign exchange matters. He has also lent his expertise in drafting various legislative bills and subordinate legislations.

	Shri Cyrus Guzder Member He is a post graduate with Honours in Economics & Oriental Studies from Trinity College, Cambridge University. He is the Chairman & Managing Director of the AFL group, a leading business house in logistics, express courier services and business travel. He is also the Chairman of Confederation of Indian Industries (CII)’s National Committee on Transportation and Logistics and is on the Boards of BP (India) Limited, Great Eastern Shipping Company Limited, Mahindra Holidays & Resorts Limited and other companies. He is the Honorary Consul General of the Republic of Ireland for Mumbai and Western India. Shri Guzder is an active heritage conservationist and is also associated with several causes of public importance.