Mr. Phani Shankar joined the Board of the Bank in January 2026. He is a seasoned Financial Services professional with over three decades of experience spanning Credit & Risk Management, Commercial Banking, Treasury and Financial Markets. Within his Financial Markets career of more than 26 years, he has managed ALM, Trading, and Sales functions across diverse asset classes, including Foreign Exchange, Fixed Income, Derivatives, and Equities. His contributions include formulating and implementing ALM and FTP frameworks through various organizational and market transitions, building exceptional client franchises, and consistently delivering profitable trading books across asset classes. In his roles in credit and risk, he led an underwriting team of over 2,500 professionals, driving scale with rigor and resilience, and was instrumental in developing some of the most advanced technology and data platforms in the industry.

He holds a Post Graduate Programme in Management from IIM Ahmedabad and a Bachelor of Engineering from NIT Allahabad. He possesses specialized knowledge and practical experience in the fields of Banking, Business Management, Economics, Finance, Risk Management, Small scale Industry and Treasury.

He has served as Chief Credit Officer at Kotak Mahindra Bank, where he also held key leadership positions, including Chairman of the Credit Committee, member of ALCO, member of the Bank Operating Committee, and Senior Management Personnel of the Kotak Group. Additionally, he served as a Director on the Boards of Kotak Mahindra Investments Ltd. and Kotak Infrastructure Debt Fund. Prior to this, he was Co-Head of Treasury at Kotak Mahindra Bank and earlier headed Financial Markets at ING Vysya Bank for approximately eight years. His prior experience includes senior roles in Financial Markets at Standard Chartered Bank and IDBI Bank.

Presently, he is Director on the Board of:

1. Vishya Learning Solutions Private Limited
2. APAC Financial Services Private Limited