Mr. Nandkumar Saravade joined the Board of the Bank in May 2025. He holds Masters’ degree from Indian Institute of Technology, Bombay. He is a seasoned IT strategy advisor and Board member with over 36 years of rich experience across law enforcement, banking, cybersecurity, Fraud Risk Management and technology management.

He handled leadership positions at Reserve Bank Information Technology Private Limited (ReBIT) and at Data Security Council of India (DSCI). As the founding CEO of ReBIT, a subsidiary of the Reserve Bank of India (RBI), he built a robust team, advancing cybersecurity, technology management and innovation in financial technology. Under his leadership, ReBIT became a strong service provider in IT security, regulatory compliance and data science initiatives for RBI. He also served on the Malegam Committee on NPAs and Bank frauds. In past, he chaired Protean InfoSec and Protean Account Aggregator. He is currently a member of SEBI’s Information Systems Security Committee (ISSC).

Before ReBIT, he was the CEO of the DSCI, focusing on cybersecurity policy and industry development. He also held senior roles at Citibank India and ICICI Bank, specializing in fraud risk management, regulatory compliance, and financial crime prevention. His earlier career in law enforcement included a distinguished tenure in the Indian Police Service (IPS) from the 1987 batch, where he also worked with the CBI on economic crimes and anti-corruption enforcement.

Presently, he is Director on the Board of:

- Jio Blackrock Asset Management Private Limited

- Protean eGov Technologies Limited