Board of Directors
Bala is a Post Graduate in Science and a Post Graduate from Indian Institute of Management, Ahmedabad, and has extensive experience in Banking and Finance. He has had experience with institutions like Small Industries Development Bank of India (SIDBI), IFCI, Bank of Baroda etc. He is basically a core banker who has worked with Bank of Baroda for a total period of 33 years, of which 28 years was spent domestically and 5 years in Europe.
He has handled all facets of banking with thrust on credit and international business. He had joined SIDBI as deputy managing director and was subsequently promoted as its Chairman and Managing Director. During his tenure as CMD of SIDBI, he gave new thrust to SME financing and created a strong linkage between commercial banks & SIDBI for supporting SMEs cause.
Bala has also served IFCI as Chairman for a short stint. He was associated with planning commission in preparing 5 years plan documents, focused on SME Financing as Chairman of the Sub-Committee. He was Instrumental in starting rating agency - SMERA.