Balachandran Muthusamy, has been a career banker for 37 years. He worked in India and abroad for over 33 years in Bank of Baroda, lastly as Chief
Executive for the bank’s American operations at New York.
Thereafter, he headed Bank of India and superannuated as its Chairman and Managing Director in 2007 and subsequently Institute of Banking Personnel
Selection and retired in 2012. He specialised in Agriculture and SME, Corporate and International Banking and Human Resource Management.
He was instrumental in founding the Star Union Dai Ichi Life Insurance Co., a joint venture between Bank of India, Union Bank and Dai Ichi life
insurance Co of Japan and was its founder Chairman for 3 years till 2011.
He was also ex-officio Chairman of - BOI Shareholding Co. and Bank of Baroda (Guyana) Inc. (South America) and Director on the boards of Indo
Zambia Bank Ltd., Nabard Consultancy Services and Agricultural Finance Corporation Ltd., Small Industries Development Bank of India (SIDBI). He
conceptualised and founded "Abhay" BOI sponsored Credit counselling Centre, the first of its kind in the country.
During his tenure, BOI expanded its overseas network by adding Beijing and upgrading Schenzen branches in China, Antwerp in Belgium, acquired
majority stake in Bank Swadesi in Indonezia and secured licenses for subsidiaries in Tanzania and South Africa.
He was on the special committee set up by Govt. of India for making Mumbai as International Financial Centre, member of High Power Advisory
Committee of SEBI on Consents and Compounding., and member of R&D Advisory committee of National Housing Bank (NHB). He was also on the Boards
of Chartered Financial Management Ltd. as Independent Director and PNB MetLife Insurance as Nominee Director of Punjab National Bank.
Other committees where Mr. Balachandran was associated are - Chairman, Committee for Review of Depositories System in India (SEBI); Chairman,
Expert Group for Merger of Urban Co-op. Banks (RBI); Trustee, DHAN Foundation, Member of External Advisory Committee of RBI for screening of
applications for Small Finance Banks.
Mr. Balachandran has actively participated in several National and International seminars and conferences as speaker and panelist.
Born in 1947, he is a Post Graduate in Agricultural Sciences and Certified Associate (I) of Indian Institute of Bankers and lives in Chennai.
