BWR Board of Directors

Santosh B Nayar

Independent Director

With an extensive career spanning approximately four decades in the Banking Industry, Mr. Santosh B Nayar has experience in Corporate, Investment, Retail and International Banking, Project Finance, and Life Insurance. During his tenure as Chairman and Managing Director at India Infrastructure Finance Company Limited (IIFCL), Mr. Nayar played a role in shaping reforms in the infrastructure sector.

Mr. Nayar served as a member of the Dr. Kelkar Committee on Revisiting and Revitalizing the PPP Model of Infrastructure Development. Additionally, the Ministry of Finance appointed him as the Chairman of the Working Group to review the suggestions put forth by the Association of Power Producers (APP). He also chaired the Committee for the resolution of large, distressed infrastructure and core industry projects.

Before that, he was briefly Managing Director and CEO of IFCI Limited. Earlier, in his capacity as the Deputy Managing Director and Group Executive of Corporate Banking at State Bank of India, Mr. Nayar headed various divisions, including Corporate Business, Project Finance, Infrastructure Lending, Financial Institution Business Group, Transaction Banking Group, Cash Management, and Capital Market business.

His international banking experience included roles at SBI’s Hong Kong branch and in investment banking with SBI Capital Markets. He was a member of the team which established SBI Life Insurance Co Ltd., a joint venture with a French Insurance company.