Shri Shanti Lal Jain assumes charge as MD & CEO of Indian Bank

by Suman Gupta

Chennai, September , 2021: Shri Shanti Lal Jain assumed charge as Managing Director and Chief Executive Officer of Indian Bank on 1st September 2021. Prior to this, he served as Executive Director of Bank of Baroda since September 2018.

A Post Graduate in Commerce, with Professional Qualification of Chartered Accountant, Company Secretary and CAIIB, he joined Allahabad Bank in 1993 in Middle Management cadre. In a career spanning more than 25 years in banking, he has gained rich experience in critical portfolios.

As a General Manager, he has served as Chief Financial Officer, Chief Risk Officer and headed IT department of the Bank. Later, he led team Mumbai as Field General Manager (West) and was responsible for Maharashtra, Gujarat and Goa Operations having business of around Rs.50000 Crores. Earlier to this, he has served in several branches and administrative offices of the Bank, pan India.

Prior to joining Allahabad Bank, he worked in various Industries for about 6 years.

About Indian Bank: Indian Bank is the seventh-largest public sector bank in India. Established in 1907 and headquartered in Chennai, the bank serves over 10 crore customers with 20,924 employees, 6,089 branches with 5,022 ATMs and 1,494 cash deposit machines and is one of the top performing public sector banks in India. In 2020, Allahabad Bank was merged into Indian Bank making it one of the largest banks in India.