India’s Most Reliable
Consortium for Simplifying Life

We're creating a digital infrastructure using emerging technologies to provide inclusive, secure and future-forward innovations. Want to enjoy the benefits?

OUR VISION

To be a pioneering Public Goods Digital Infrastructure Company empowering the BFSI industry by leveraging cutting-edge technology, robust security and collaboration to drive sustainable & inclusive growth.

OUR MISSION

At IBDIC, our mission is to revolutionize the BFSI industry through a public digital infrastructure that is rooted in Innovation and collaboration.

We are committed to building for scale and simplicity, ensuring that access to financial services is not only efficient but also user-friendly.

The focus of the company is to design, develop and launch various financial products and services on distributed Ledger and other new age technologies for high volume and cost-effective financial transactions.

The key strategic themes of the organisation are:

Shared Infrastructure

To create and establish shared infrastructure which can be utilized by not only the member banks but also the other players in the financial eco-system.

Collaborative Databases

To create centralised databases to harness the potential of the combined data contributed thru collaboration of the industry.

Unified Platforms

To design, develop and operate unified platforms for enabling efficiency for all the participants synergistically.

Research & Innovation

To provide thought leadership as well as undertake research initiatives & innovations on emerging technology and its application to financial services.

OUR TEAM

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.

Prachi Mehta

Company Secretary

Prachi is an accomplished professional with over a decade of experience in Compliance, Secretarial, and Legal matters governed by the Companies Act of 2013. Prachi is an Associate Member of the Institute of Company Secretaries of India. Her career highlights unwavering dedication to corporate governance, legal compliance, and secretarial practices, making her an invaluable asset in navigating India's intricate regulatory landscape.

Manpreet Kaur

Head of Human Resources

She brings over 15 years of dynamic experience in people-oriented roles. Her expertise lies in crafting and implementing HR strategies, talent management, and fostering leadership development to cultivate a results-driven work culture. She has been closely associated with the prestigious Harvard Business School Club of India as a Club Director, directly overseeing and directing national-scale activities. Her ability to reduce attrition and enhance employee engagement has been instrumental in building committed workforces at organizations like Cognizant and Zensar.

Neha

Joshi-Shetye

Product Manager

With over 9 years of diverse experience spanning the realm of Transaction Banking, her expertise encompasses a wide range of areas, including Technology, Product Management, Product Sales, Supply Chain and trade, Digital Transactions, User Authentication, Fraud Prevention, Client Education, and Strategy Consulting. She had the privilege of working across multiple sectors, including Financial Services, Consumer Goods, Human Capital, and Data and Analytics.

Pratima

Baljekar

Solution Manager

Pratima, with 19 years of experience, with 14yrs of overall experience in various areas of branch banking, customer service, wholesale and retail loans, domestic trade finance, process audits, fraud awareness trainings and PAN India Stock audit in SVC Bank, India's 3 largest coop bank. She has made a significant contribution to the finacle project of the bank as part of core implementation team and her most notable role has been development of 300+ reports in finacle for users across the bank.

Board of Directors

Md.Naz Perwez

Head Treasury, Indian Bank

Mr. Md. Naz Perwez is representing Indian Bank and is a top management executive with a rich experience of around three decades in Banking. He has worked in almost all the key areas of Banks like Treasury, International Banking, Trade Credit, Corporate Banking and Retail Banking. He has headed Large, Very Large and Exceptionally Large Bank Branches. Mr. Md. Naz Perwez was instrumental to set up GIFT City Branch and the design policies, product and procedure of GIFT City related Business. He had the honour of heading GIFT City Branch while showing stellar performance from its inception till October 30, 2023.

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.

Sunil Kumar Goyal

Head Digital Banking Transformation Division, Punjab National Bank

With an illustrious career spanning over 33 years at Punjab National Bank, Mr. Sunil Kumar Goyal has consistently excelled in various pivotal roles, including Branch Head, Circle Head, and Zonal Manager. Currently, he serves as the Head of the Digital Banking Transformation Division. Mr. Goyal has played a key role in incorporating cutting-edge technology to elevate customer service standards and bolster digital security in the bank's digital initiatives. Leveraging his extensive experience, he is poised to champion excellence and innovation in banking services.

Sumoth C

Head Digital Banking, Federal Bank

Mr. Sumoth has a Bachelor’s degree of Technology in Electronics and Communication Engineering and is a Certified Associate of Indian Institute of Banking and Finance. A veteran and seasoned banking professional, who has been with Federal Bank for over 27 years in various roles and capacities. He has got diverse experience in Business, Technology and Operations. He is an expert in Retail Payment Systems, with special focus on Realtime Payments, Cards, Merchant Acquiring, Internet/Mobile banking channels etc. In his present role as Digital Banking Head of Federal Bank, he is responsible for driving the Bank’s motto – “ Digital at the Fore, Human at the Core” thereby creating a truly Digital Bank and to be at the forefront of digital innovation.

Hitesh Sachdev

Head Startup Engagement & Investments, ICICI Bank

Hitesh Sachdev is a veteran banker with ICICI Bank. He has spent more than 20 years at ICICI Bank building and leading diverse verticals including Innovation, Fintech, Private Equity and Investment Banking. Hitesh currently heads the Startup Engagement and Investments team at ICICI Bank. He has played an instrumental role in setting up the team and executing cutting-edge technology projects for ICICI Bank in collaboration with startups.

Hitesh is a mentor and guides founders actively on domains including Payments, Digital Lending, SaaS, API Banking, Banking applications of emerging technologies such as Artificial Intelligence, Metaverse and Blockchain. Hitesh has been an instrumental cornerstone and a primary evangelist of IBDIC since its inception.

Tarun Kumar

Deputy General Manager, Canara Bank

With nearly two decades of extensive experience in the banking sector, encompassing 16 years dedicated to banking technology, he has assumed pivotal roles in diverse aspects of technology implementation. His leadership has been instrumental in shaping online banking channels, fostering merchant ecosystems, formulating technology policies, and contributing to long-term framework planning. Currently serving as the Deputy General Manager at Canara Bank, he oversees a comprehensive portfolio that spans digital banking planning, implementation, and operations.

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India’s Most Reliable Consortium for Simplifying Life