The Network That Strengthens the Ecosystem

IBDIC brings together institutions, regulators, and partners to enable trusted collaboration and resilient systems across the trade and financial ecosystem.

IBDIC works closely with ecosystem participants who operate at scale and with responsibility. Our approach is shaped by practical understanding of institutional workflows, regulatory alignment, and the need for systems that work seamlessly together.

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Our Regulatory Engagement

Trusted by Our Customers

Trusted by customers who collaborate with IBDIC to build stronger networks and enable more informed financial decision-making.

Ecosystem Partners

Partners who strengthen and extend the IBDIC ecosystem across technology, data, and infrastructure.

Advisory Board

Abhaya Hota

Retired CGM - RBI & MD & CEO - NPCI

Abhaya Hota is a veteran financial services leader with over four decades of experience in banking and payments. A career central banker, he spent 27 years at the Reserve Bank of India (1982–2009) before serving as the first MD & CEO of NPCI (2009–2017), where he spearheaded the launch of transformative payment systems like IMPS, RuPay, AePS, Bharat BillPay, electronic toll payments, and UPI. He currently serves as Board Chair at Federal Bank Ltd and NSE Clearing Ltd, Audit Committee Chair at Protean eGov Technologies Ltd, and a board member at RBI Innovation Hub, Nearby Technologies Ltd, Scoreme Solutions Ltd, and Cashfree Payments India Pvt Ltd, bringing his extensive expertise to shape India's financial and digital payments landscape.

Sujit Kumar Varma

Ex DMD - SBI & Independent Director - Multiple BFSI Organizations

Sujit Kumar Varma is a seasoned banker with extensive experience in corporate banking, trade finance, risk management, and compliance. A former Deputy Managing Director at State Bank of India (SBI), he has held leadership roles across domestic and international banking operations. As Chief General Manager of International Banking at SBI, he managed operations in 37 countries, overseeing assets worth $60 billion and formulating global strategies for growth and risk management. He also served as CEO of SBI’s largest overseas operations in New York, optimizing balance sheet performance and regulatory compliance. Additionally, he was an Officer on Special Duty at the Ministry of Finance, advising senior officials on banking policies and capital strategies for public sector banks. Currently, he serves as an independent director for multiple BFSI organizations.

Anu Aggarwal

President & Head of Corporate Banking, Kotak Mahindra Bank

Anu Aggarwal is a seasoned professional with over 21 years of experience in the financial services industry. She currently leads the Corporate and Investment Bank for Conglomerates at Kotak Mahindra, overseeing P&L from ECM, M&A, Lending, Transaction Banking, Foreign Exchange, and DCM across India. Anu is a member of the Kotak Leadership Team (KLT). Before joining Kotak, she spent 12 years at Citibank, India, where she began her career as a Management Trainee and led Corporate Banking Coverage, focusing on relationship and risk management.

Sandeep Shukla

Director - ReBIT & Program Director @ c3ihub, IIT Kanpur

Sandeep Shukla is a renowned academic and researcher specializing in cybersecurity, formal verification, and embedded systems. He is the Professor and Rajiv and Ritu Batra Endowed Chair for Cyber Security at the Indian Institute of Technology, Kanpur. With a PhD in formal verification, his career spans both industry and academia, including roles at Intel, where he worked on ITANIUM processor verification and system design languages, and in telecommunications network management. He later transitioned to academia, holding research positions at the University of California, Irvine, before becoming a professor at Virginia Tech, where he led the FERMAT research lab. His work continues to shape advancements in cybersecurity and system design.

Nandkumar Saravade

Founding CEO - ReBIT & Former IPS Officer

Nandkumar Saravade is a seasoned expert in security, ethics, innovation, and compliance, with extensive leadership experience across the public and private sectors. He served as the CEO of Reserve Bank Information Technology Pvt Ltd (ReBIT) from 2016 to 2021 and previously led the Data Security Council of India. His career spans key roles in fraud risk and cybersecurity, including serving as an independent advisor to Ernst & Young, ICICI Bank, and Citibank, and leading Citigroup’s security and investigations team for South Asia. Earlier, at ICICI Bank, he managed fraud prevention and crisis response. A former Indian Police Service (IPS) officer, he spent seven years with the Central Bureau of Investigation (CBI), leading critical fraud and corruption investigations. He also spearheaded NASSCOM’s cybersecurity initiatives, setting up the Data Security Council of India and driving policy, training, and awareness programs.

NS Vishwanathan

Ex RBI Dy Governor | Additional Independent Director - Axis

NS Vishwanathan is a distinguished central banker with deep expertise in banking regulation, financial stability, and governance. A former Deputy Governor of the Reserve Bank of India (RBI), he played a pivotal role in shaping India’s banking regulatory landscape, overseeing key functions including supervision, non-banking financial companies, and risk management frameworks. During his tenure at the RBI, he was instrumental in implementing crucial reforms around stressed asset resolution and strengthening the resilience of the banking system. He also served on several high-level regulatory committees driving systemic improvements across the financial sector. Post-RBI, he has continued to contribute to the financial ecosystem as an Additional Independent Director at Axis Bank, offering guidance on strategy, risk, and compliance. His extensive regulatory experience and nuanced understanding of financial systems make him a highly valued advisor in today’s evolving economic environment.

Board of Directors

Ajay Rajan

Country Head - Government, Multinational & International Business, Transaction Banking & Knowledge Units, YES Bank

Ajay Rajan is part of YES Bank’s senior management team and manages the Government, Multinational & International Business, Transaction Banking & Knowledge Units for the Bank. In this role, he is responsible for devising & executing the Bank’s overall business strategy for the Government, MNC & International Financial Institution client segments, while also propelling Sales growth & Product development across all Corporate Digital & Transaction Banking products namely Payments, Cash Management, Capital Market, Custody, Trade Finance, Supply Chain & Bullion. The Transaction Banking unit under Ajay spearheads all Corporate Digital Innovation initiatives for the Bank (including strategic public digital initiatives like ONDC, CBDC, ULIP, AA & OCEN). This unit also manages digital partnerships and alliances with Fintechs & other Strategic Influencers. Ajay also manages two strategic knowledge units for the Bank which engages with Government, Industry Bodies & Corporates on areas of policy creation & execution in the Food & Agri, EV etc space.

Rajeev Ranjan Prasad

Chief General Manager, SBI Bank

Rajeev represents State Bank of India and is a top management executive with a career spanning over three decades. Sh. Prasad joined the Bank in 1992 and has over the years been part of retail banking, IT, Trade Finance, International Banking, HR etc, working at various levels both in India and abroad. Currently Mr. Rajeev Ranjan Prasad is Head of Digital Transformation department of SBI spearheading the Digital initiatives of the Bank which includes Digital Assets/Liabilities and Third party Investments/Insurance products for the Bank’s trailblazing Super App – SBI YONO and Internet Banking. In addition to this responsibility, he also works closely with the Government of India for giving shape to their digital initiatives like digitising the process of administering the Credit linked subsidy schemes and straight through processing of Agricultural loans. Prior to this Sh Prasad worked as General Manager (Yono product and Special Projects) and as Dy General Manager (Operations) managing over 500 branches.

Anu Aggarwal

President & Head of Corporate Banking, Kotak Mahindra Bank

Anu Aggarwal is a seasoned professional with over 21 years of experience in the financial services industry. She currently leads the Corporate and Investment Bank for Conglomerates at Kotak Mahindra, overseeing P&L from ECM, M&A, Lending, Transaction Banking, Foreign Exchange, and DCM across India. Anu is a member of the Kotak Leadership Team (KLT). Before joining Kotak, she spent 12 years at Citibank, India, where she began her career as a Management Trainee and led Corporate Banking Coverage, focusing on relationship and risk management.

Aman Dalal

Head Transaction Banking, IDFC FIRST Bank

Aman Dalal leads the Transaction Banking Group at IDFC FIRST Bank, where he drives the strategic growth across Cash Management, Trade, Supply Chain and Corporate Liability Business for the Bank. Aman brings over 2 decades of experience in enterprise digital solutions, having worked across leading Foreign and Indian Private Sector Banks. His journey is defined by a relentless pursuit of digitization and client-centric innovation. From being an All India 20th rank holder in his CA Foundation Course to developing industry-first solutions like the Corporate Investment Solution and Remote Cheque Scanning, Aman has consistently pushed the boundaries of what’s possible in banking technology. Aman is a recognized industry voice, frequently contributing insights at leading forums and academic institutions on the future of corporate finance and digital transformation. His leadership is central to IDFC FIRST Bank’s mission to build India’s most customer-friendly bank through innovation, agility, and strategic partnerships.

AT THE HELM

Meet the team that makes innovation happen

Ashish Singhal

Chief Executive Officer

Ashish is a recognised name in the banking sector with 28 years of experience across renowned financial institutions. His recent role as Managing Director at SVC Co-operative Bank, along with leadership in retail banking has honed him as a strategic thinker, and innovation enthusiast. Apart from being a certified design thinker and holder of diverse executive designations, PC Quest also recognised him among the Top 10 Technology Heroes in the country.

Anish

Chowdhary

Chief Business Officer

Anish brings a proven track record of building new businesses and driving transformation across BFSI, FMCG, Auto, and Nutrition industries in India, the USA, China, and Southeast Asia. As the youngest Business Head at YES Bank, he led fintech partnerships, digital innovation, and agile management practices to drive business growth. With expertise in sales, digital banking, product management, and marketing, he has successfully incubated and scaled ventures generating nearly a billion dollars in business. He also built India’s first low-code digital lending platform, recognized by Gartner, and led key transformation initiatives in MSME and consumer lending.

Rishabh

Garg

Chief Technology Officer

Rishabh brings over 21 years of experience in leading digital transformation & innovation across fintech, insurtech, & telecommunications. As a strategic technology leader, he has successfully driven initiatives that enhance profitability, streamline operations, and build scalable solutions. With a proven track record of managing technology and product investments of up to $7 million annually, he specializes in leading high-impact teams, overseeing the full lifecycle of innovation, and implementing cutting-edge technologies. A recognized thought leader, he is also a regular speaker on Digital Transformation, Financial Inclusion, and Information Security.

Jitesh

Nagaria

Head of Products

Jitesh Nagaria is a seasoned product leader with 20+ years of experience building and scaling enterprise technology. As a serial entrepreneur, he founded and led doLoopTech to a successful acquisition after nearly a decade of growth. He has since driven GTM, product strategy, and customer experience at AI startup SiftHub. Jitesh brings deep expertise in taking products from 0 to 1 to scale, with a strong focus on solving real-world enterprise problems. His approach blends startup agility with the discipline of enterprise product thinking, making him a force multiplier for innovation and growth.

AT THE HELM

Advisory Board

Abhaya Hota

Retired CGM - RBI & MD & CEO - NPCI

Abhaya Hota is a veteran financial services leader with over four decades of experience in banking and payments. A career central banker, he spent 27 years at the Reserve Bank of India (1982–2009) before serving as the first MD & CEO of NPCI (2009–2017), where he spearheaded the launch of transformative payment systems like IMPS, RuPay, AePS, Bharat BillPay, electronic toll payments, and UPI. He currently serves as Board Chair at Federal Bank Ltd and NSE Clearing Ltd, Audit Committee Chair at Protean eGov Technologies Ltd, and a board member at RBI Innovation Hub, Nearby Technologies Ltd, Scoreme Solutions Ltd, and Cashfree Payments India Pvt Ltd, bringing his extensive expertise to shape India's financial and digital payments landscape.

Sujit Kumar Varma

Ex DMD - SBI & Independent Director - Multiple BFSI Organizations

Sujit Kumar Varma is a seasoned banker with extensive experience in corporate banking, trade finance, risk management, and compliance. A former Deputy Managing Director at State Bank of India (SBI), he has held leadership roles across domestic and international banking operations. As Chief General Manager of International Banking at SBI, he managed operations in 37 countries, overseeing assets worth $60 billion and formulating global strategies for growth and risk management. He also served as CEO of SBI’s largest overseas operations in New York, optimizing balance sheet performance and regulatory compliance. Additionally, he was an Officer on Special Duty at the Ministry of Finance, advising senior officials on banking policies and capital strategies for public sector banks. Currently, he serves as an independent director for multiple BFSI organizations.

Anu Aggarwal

President & Head of Corporate Banking, Kotak Mahindra Bank

Anu Aggarwal is a seasoned professional with over 21 years of experience in the financial services industry. She currently leads the Corporate and Investment Bank for Conglomerates at Kotak Mahindra, overseeing P&L from ECM, M&A, Lending, Transaction Banking, Foreign Exchange, and DCM across India. Anu is a member of the Kotak Leadership Team (KLT). Before joining Kotak, she spent 12 years at Citibank, India, where she began her career as a Management Trainee and led Corporate Banking Coverage, focusing on relationship and risk management.

Sandeep Shukla

Director - ReBIT & Program Director @ c3ihub, IIT Kanpur

Sandeep Shukla is a renowned academic and researcher specializing in cybersecurity, formal verification, and embedded systems. He is the Professor and Rajiv and Ritu Batra Endowed Chair for Cyber Security at the Indian Institute of Technology, Kanpur. With a PhD in formal verification, his career spans both industry and academia, including roles at Intel, where he worked on ITANIUM processor verification and system design languages, and in telecommunications network management. He later transitioned to academia, holding research positions at the University of California, Irvine, before becoming a professor at Virginia Tech, where he led the FERMAT research lab. His work continues to shape advancements in cybersecurity and system design.

Nandkumar Saravade

Founding CEO - ReBIT & Former IPS Officer

Nandkumar Saravade is a seasoned expert in security, ethics, innovation, and compliance, with extensive leadership experience across the public and private sectors. He served as the CEO of Reserve Bank Information Technology Pvt Ltd (ReBIT) from 2016 to 2021 and previously led the Data Security Council of India. His career spans key roles in fraud risk and cybersecurity, including serving as an independent advisor to Ernst & Young, ICICI Bank, and Citibank, and leading Citigroup’s security and investigations team for South Asia. Earlier, at ICICI Bank, he managed fraud prevention and crisis response. A former Indian Police Service (IPS) officer, he spent seven years with the Central Bureau of Investigation (CBI), leading critical fraud and corruption investigations. He also spearheaded NASSCOM’s cybersecurity initiatives, setting up the Data Security Council of India and driving policy, training, and awareness programs.

NS Vishwanathan

Ex RBI Dy Governor | Additional Independent Director - Axis

NS Vishwanathan is a distinguished central banker with deep expertise in banking regulation, financial stability, and governance. A former Deputy Governor of the Reserve Bank of India (RBI), he played a pivotal role in shaping India’s banking regulatory landscape, overseeing key functions including supervision, non-banking financial companies, and risk management frameworks. During his tenure at the RBI, he was instrumental in implementing crucial reforms around stressed asset resolution and strengthening the resilience of the banking system. He also served on several high-level regulatory committees driving systemic improvements across the financial sector. Post-RBI, he has continued to contribute to the financial ecosystem as an Additional Independent Director at Axis Bank, offering guidance on strategy, risk, and compliance. His extensive regulatory experience and nuanced understanding of financial systems make him a highly valued advisor in today’s evolving economic environment.

Board of Directors

Ajay Rajan

Country Head - Government, Multinational & International Business, Transaction Banking & Knowledge Units, YES Bank

Ajay Rajan is part of YES Bank’s senior management team and manages the Government, Multinational & International Business, Transaction Banking & Knowledge Units for the Bank. In this role, he is responsible for devising & executing the Bank’s overall business strategy for the Government, MNC & International Financial Institution client segments, while also propelling Sales growth & Product development across all Corporate Digital & Transaction Banking products namely Payments, Cash Management, Capital Market, Custody, Trade Finance, Supply Chain & Bullion. The Transaction Banking unit under Ajay spearheads all Corporate Digital Innovation initiatives for the Bank (including strategic public digital initiatives like ONDC, CBDC, ULIP, AA & OCEN). This unit also manages digital partnerships and alliances with Fintechs & other Strategic Influencers. Ajay also manages two strategic knowledge units for the Bank which engages with Government, Industry Bodies & Corporates on areas of policy creation & execution in the Food & Agri, EV etc space.

Rajeev Ranjan Prasad

Chief General Manager, SBI Bank

Rajeev represents State Bank of India and is a top management executive with a career spanning over three decades. Sh. Prasad joined the Bank in 1992 and has over the years been part of retail banking, IT, Trade Finance, International Banking, HR etc, working at various levels both in India and abroad. Currently Mr. Rajeev Ranjan Prasad is Head of Digital Transformation department of SBI spearheading the Digital initiatives of the Bank which includes Digital Assets/Liabilities and Third party Investments/Insurance products for the Bank’s trailblazing Super App – SBI YONO and Internet Banking. In addition to this responsibility, he also works closely with the Government of India for giving shape to their digital initiatives like digitising the process of administering the Credit linked subsidy schemes and straight through processing of Agricultural loans. Prior to this Sh Prasad worked as General Manager (Yono product and Special Projects) and as Dy General Manager (Operations) managing over 500 branches.

Anu Aggarwal

President & Head of Corporate Banking, Kotak Mahindra Bank

Anu Aggarwal is a seasoned professional with over 21 years of experience in the financial services industry. She currently leads the Corporate and Investment Bank for Conglomerates at Kotak Mahindra, overseeing P&L from ECM, M&A, Lending, Transaction Banking, Foreign Exchange, and DCM across India. Anu is a member of the Kotak Leadership Team (KLT). Before joining Kotak, she spent 12 years at Citibank, India, where she began her career as a Management Trainee and led Corporate Banking Coverage, focusing on relationship and risk management.

Aman Dalal

Head Transaction Banking, IDFC FIRST Bank

Aman Dalal leads the Transaction Banking Group at IDFC FIRST Bank, where he drives the strategic growth across Cash Management, Trade, Supply Chain and Corporate Liability Business for the Bank. Aman brings over 2 decades of experience in enterprise digital solutions, having worked across leading Foreign and Indian Private Sector Banks. His journey is defined by a relentless pursuit of digitization and client-centric innovation. From being an All India 20th rank holder in his CA Foundation Course to developing industry-first solutions like the Corporate Investment Solution and Remote Cheque Scanning, Aman has consistently pushed the boundaries of what’s possible in banking technology. Aman is a recognized industry voice, frequently contributing insights at leading forums and academic institutions on the future of corporate finance and digital transformation. His leadership is central to IDFC FIRST Bank’s mission to build India’s most customer-friendly bank through innovation, agility, and strategic partnerships.

AT THE HELM

Meet the team that makes innovation happen

Ashish Singhal

Chief Executive Officer

Ashish is a recognised name in the banking sector with 28 years of experience across renowned financial institutions. His recent role as Managing Director at SVC Co-operative Bank, along with leadership in retail banking has honed him as a strategic thinker, and innovation enthusiast. Apart from being a certified design thinker and holder of diverse executive designations, PC Quest also recognised him among the Top 10 Technology Heroes in the country.

Anish

Chowdhary

Chief Business Officer

Anish brings a proven track record of building new businesses and driving transformation across BFSI, FMCG, Auto, and Nutrition industries in India, the USA, China, and Southeast Asia. As the youngest Business Head at YES Bank, he led fintech partnerships, digital innovation, and agile management practices to drive business growth. With expertise in sales, digital banking, product management, and marketing, he has successfully incubated and scaled ventures generating nearly a billion dollars in business. He also built India’s first low-code digital lending platform, recognized by Gartner, and led key transformation initiatives in MSME and consumer lending.

Rishabh

Garg

Chief Technology Officer

Rishabh brings over 21 years of experience in leading digital transformation & innovation across fintech, insurtech, & telecommunications. As a strategic technology leader, he has successfully driven initiatives that enhance profitability, streamline operations, and build scalable solutions. With a proven track record of managing technology and product investments of up to $7 million annually, he specializes in leading high-impact teams, overseeing the full lifecycle of innovation, and implementing cutting-edge technologies. A recognized thought leader, he is also a regular speaker on Digital Transformation, Financial Inclusion, and Information Security.

Jitesh

Nagaria

Head of Products

Jitesh Nagaria is a seasoned product leader with 20+ years of experience building and scaling enterprise technology. As a serial entrepreneur, he founded and led doLoopTech to a successful acquisition after nearly a decade of growth. He has since driven GTM, product strategy, and customer experience at AI startup SiftHub. Jitesh brings deep expertise in taking products from 0 to 1 to scale, with a strong focus on solving real-world enterprise problems. His approach blends startup agility with the discipline of enterprise product thinking, making him a force multiplier for innovation and growth.

The Network That Strengthens the Ecosystem

IBDIC works closely with ecosystem participants who operate at scale and with responsibility. Our approach is shaped by practical understanding of institutional workflows, regulatory alignment, and the need for systems that work seamlessly together.

Our Regulatory Engagement

Trusted by Our Customers

Ecosystem Partners

Advisory Board

Board of Directors

AT THE HELM

AT THE HELM

Advisory Board

Board of Directors

AT THE HELM

Voices from the Ecosystem

Who we build with

AT THE HELM

Voices from the Ecosystem

AT THE HELM

Building the future of trade finance?

Request a callback

The Network That Strengthens the Ecosystem

IBDIC works closely with ecosystem participants who operate at scale and with responsibility. Our approach is shaped by practical understanding of institutional workflows, regulatory alignment, and the need for systems that work seamlessly together.

Our Regulatory Engagement

Trusted by Our Customers

Ecosystem Partners

Advisory Board

Board of Directors​​

AT THE HELM

AT THE HELM

Advisory Board

Board of Directors​​

AT THE HELM

Voices from the Ecosystem

Who we build with

AT THE HELM

Voices from the Ecosystem

AT THE HELM

Building the future of trade finance?

Request a callback

Board of Directors

Board of Directors