ISB Updates

Professor Subramanian on RBI panel to review governance practices of banks

Professor Krishnamurthy Subramanian has been appointed as a member of an eight-member panel set up by the Reserve Bank of India to review functioning of board of banks and examine “fit and proper” criteria for directors, including their tenure.

The Committee, to be headed by former Axis Bank chairman P J Nayak, will analyse representation on bank boards to see whether the boards have appropriate mix of capabilities and necessary independence to govern the institution. The other members of the committee include S Raman, whole time member of Securities and Exchange Board of India (SEBI), Shubhalakshmi Panse, CMD of Allahabad Bank, Pratip Kar, former ED of SEBI, Joydeep Sengupta, Director at McKinsey & Company, Harsh Vardhan, Partner, Bain & Company, Somasekhar Sundaresan, Partner, J. Sagar Associates.

Professor Subramanian has been with ISB as an Assistant Professor of Finance since 2010. He has received his MBA and PhD in Finance from the Booth School of Business, University of Chicago and has worked at J P Morgan Chase, New York in Investment Banking and in the Interest Rate Derivatives desk and with ICICI Ltd. in the Derivatives Research Group before joining ISB. His research interests include Banking, Corporate Governance, Mergers and Acquisitions, Law and Finance, Labour Regulations, Innovation and Economic Growth.  Professor Subramanian has to his credit numerous publications in top-tier journals. He is also a regular columnist with The Economic Times, The Mint, and The Financial Express.