Shri M. S. Raghavan took over as Chairman & Managing Director of IDBI Bank Ltd. on July 5, 2013. Prior to the current assignment, Shri Raghavan was posted as Executive Director of the Bank of India, with effect from January 1, 2012. Born on June 8, 1955, Shri Raghavan, a science graduate and a postgraduate diploma holder in management and financial management, joined the Indian Overseas Bank (IOB) as a Probationary Officer on October 11, 1976 and held several distinguished positions in the Bank’s hierarchy. In a career spanning 36 years with IOB, Shri Raghavan held important positions in the areas of credit, operations and information technology. His professional expertise encompasses the areas of human resource management, risk management, corporate credit, information technology and compliance. Shri Raghavan’s contribution to the banking system, especially with regard to IT, is widely acclaimed by the banking community. At present, Shri Raghavan is a member of (a) working group on model egovernance plan for IBA under the Department of Financial Services (b) IBA Committee on payment systems & banking technology for the year 2012-13 (c) Core Group of IDRBT Financial Services Technology Consortium and (d) Executive Board of IDRBT Indian Banks Technology Consortium.