Senior Management

Govind Singh
Managing Director and Chief Executive Officer

Mr. Govind Singh is the founder of Utkarsh Micro Finance Ltd., the promoting institution of Utkarsh Small Finance Bank. Currently, Mr. Govind Singh is the MD & CEO of Utkarsh Small Finance Bank. He has vast experience of over 3 decades in different domains of banking & financial services.

His mission to establish a reliable, scalable and sustainable institution for providing affordable & accessible financial services facilitating socioeconomic change resulted in setting up Utkarsh Micro Finance Limited in Sep 2009. In Nov, 2016 Reserve Bank of India accorded licence to Utkarsh for setting up a Small Finance Bank. Today Utkarsh Small Finance Bank is operating as a Scheduled Commercial Bank.

Mr. Govind Singh also served as a member of the working group to review the Business Correspondent (BC) Model in India. The committee was setup by RBI to examine the ways for improving BC Model.

Prior to setting up Utkarsh, he was with ICICI Bank Ltd. in Rural, Micro & Agri-Business Group as the Business Head for Micro Banking. He also worked in Retail Liabilities Group in Retail Infrastructure Group with ICICI Bank. During his ICICI Bank stint, he got extensive exposure on Microfinance, Business Correspondent, Jewel Loans, Liabilities, Infra and Channel Management, Branch Licencing and various products & processes related functions.

Earlier to ICICI Bank, he had worked with UTI Bank Ltd. (Axis Bank), wherein he was responsible for budgeting and control, new products development, developing business strategies, maintaining agency arrangements with Banks, planning of Branch expansion and its proper licencing & launching the Cash Management Services for the Bank.

With Bank Internasional Indonesia, he was entrusted mainly with the task of boosting the sale of assets & liabilities products. He also had stint with Surya Roshni Group (Financial Services) as a Branch Head setting up the Mumbai Branch & started its operations, along with Fixed Deposits mobilization and Stock Exchange Operations.

At the beginning of his career, he had stints with Allahabad Bank and State Bank of Patiala, wherein he got hands on experience on various general banking functions as well as liabilities and assets for Commercial and Institutional segments.

He is a Certified Associate of Indian Institute of Bankers (CAIIB) and a Commerce Graduate from Delhi University.

Adhip Syamroy
Chief Operating Officer

He has over 25 years of experience in Banking and Financial sector. Prior to joining Utkarsh, he worked with Axis Bank for nearly 21 years and held senior leadership roles in Customer Service, Corporate Real Estate and Employee Experience including HR Operations. He has also worked with SBI Home Finance Ltd. handling housing loans to individuals and real estate developers. He is an engineer from the Indian Institute of Engineering, Science and Technology, Shibpur (erstwhile Bengal Engineering & Science University).

Arup Kumar Dutta
Head - Liabilities

He has been associated with the banking and financial sector all throughout his career, spanning 25 years. Prior to joining Utkarsh, he has worked with Axis Bank in the corporate as well as retail banking verticals in senior leadership roles. He has handled responsibilities in the areas of Retail Branch Banking, Corporate Liabilities, Cash Management Services and Government Business including Financial Inclusion initiatives. Earlier, he was with Unit Trust of India, handling assignments related to Sales & Marketing (strategic planning), Accounts and Operations. He is an Economics Graduate from Visva - Bharati University, standing First in the Order of Merit, holds Post Graduate Degree from Himachal Pradesh University, PGDBM (IISWBM, Kolkata), PGCHRM (Gold Medallist, XLRI, Jamshedpur) and JAIIB (IIBF, Mumbai).

Alok Pathak
Chief Risk Officer

He has over 19 years of Banking experience in the domain of Risk Management, Retail lending, Corporate Lending, Liabilities, Forex and Treasury area. Prior to joining Utkarsh he was with Yes Bank Ltd. as Executive Vice President and in various capacities with Axis Bank handling various roles at Risk Department for more than 8 years. Prior to that, he has worked with State Bank Group & Oriental Bank of Commerce. He has also worked as a Dealer at State Bank of Mysore for more than 4 years handling Domestic Treasury. He is a Science Graduate from Kanpur University, PGDCA from Aptech Computers, CAIIB from IIBF, Mumbai and he is also a Certified Banking Compliance Professional (IIBF & ICSI)


He has about 19 years of experience in Information Technology domain with focus on Banking, Finance and Insurance, specializing in large scale transformational projects, including setting up of banks, complex core banking migrations and change management. Prior to Utkarsh, he has held Senior Leadership Roles with Yes Bank as CTO, HSBC India as Head Enterprise Architecture, Dhanlaxmi Bank as Head IT, Edelweiss Tokio Life Insurance as CTO, Al Ahli Bank of Kuwait as Head, Technology Risk and Information Security. He has won recognition like Computer Society of India Award 2011 Winner for Excellence in Banking Technology, InfoSec Maestro’s Award 2014 and EDGE Award winner for Technology Transformation in the BFSI segment. He is MCA from Government College of Engineering, Karad and B. Sc. from SIES College (Bombay University).

G. Srinivasa Reddy
Head - Treasury

He has over 3 decades of experience in treasury operations domain. Prior to Utkarsh, he was with Kotak Mahindra Bank in the capacity of Senior Vice President, Treasury Operations. Earlier he worked with ICICI Bank in Forex and Domestic Treasury Operations and was also on deputation to Clearing Corporation of India Ltd. He started his career with Corporation Bank and gained expertise in general banking while working at Mumbai and Bangalore, subsequent to which he also laid his hands on treasury operations in back and front office. He is an M. Sc. (Bio Sciences) from Nizam College, Hyderabad with a Post Graduate Diploma in Advanced Bank Management from NMIMS, Mumbai.

Haresh R Wadhwa
Head - Operations

He has been associated with the banking sector for over 24 years. Prior to joining Utkarsh, he was with IndusInd Bank Ltd as Vice President and Head – Process and Projects in General Banking Operations and has domain expertise of processes and policy documentation, vetting and Internal Controls. He was also instrumental in setting up currency chests for the bank. Prior to IndusInd Bank, he was with ICICI Bank as Chief Manager – Process Reengineering at Corporate Office, holding various roles covering retail operations, innovations, currency management including a stint for over a year in ICICI Bank Plc, UK- London office handling Retail, Trade Finance and Corporate Operations. He had also worked with UTI Bank Ltd (Axis Bank) and Shamrao Vithal Co-operative Bank at various branches handling retail operations. He is a Commerce Graduate from Mumbai University and also holds LLB Degree from Mumbai University, ICFAI – MBA (Diploma) and CAIIB (IIBF).

Rahul Dey
Head – Internal Audit

He has over 14 years of experience in Banking and Microfinance sector. During his tenure in Utkarsh Micro Finance, he has supervised various departments like Micro Enterprise Loan, Information Technology, Risk, Administration and Internal Audit. He was instrumental in establishing Micro Enterprise Loan business and introduction of Mobile Technology in Group Lending (JLG) business at Utkarsh. Prior to joining Utkarsh, he was with Ujjivan Financial Services Pvt. Ltd as Regional Business Manager, responsible for their Individual lending business in East. Apart from this, he has worked in various capacities with organizations like, Ballarpur Industries Ltd, ICICI Bank Ltd, Spandana Spoorthy Financial Ltd and Anjali Microfinance Pvt. Ltd. While working with ICICI Bank in the capacity of Regional Manager (West Bengal and North – East), he was responsible for the Bank’s Micro Finance business in the region for more than 3 years and as Accounts Manager – Commercial Banking, he was taking care of Bank’s Corporate Clients’ relationship in Kolkata. He holds Post Graduate Diploma in Rural Management from Xavier Institute of Management, Bhubaneswar.

Mr. Rahul Sinha
Head – Retail Assets

He has over 20 years of experience in Banking and Financial Services spreading across Retail Assets, Liabilities, Branch Banking and Trade Services. Prior to joining Utkarsh he was heading the Rural MSME vertical for Bajaj Finance Ltd. He has worked in Tata Motors, ICICI Bank, Reliance Capital and Bajaj Finance Ltd. He is graduate from Delhi University and MBA from NMIMS, Mumbai.

Trilok Nath Shukla
Head - Micro Banking

He heads Micro Banking business of the Bank, has an experience of over two decades in microfinance sector especially in the northern part of the country. He joined Cashpor in September 1997 and as his last assignment, was the General Manager-HRD there and was part of head office operation team. At Cashpor he handled almost all management functions of MFI in lead role. He attended several training programs in and outside India, including visit to Grameen Bank, ASA, BRAC in Bangladesh, MFI Program held at Torino Italy conducted by Boulder University, Colarado, USA and different MDPs at IIM Ahmedabad, Banglore & Lucknow. He also attended several conferences/seminars as panelist organized by BIRD/UPMA based at Lucknow. As part of his training, he got exposure to different MFIs in south east Asia. He is a Postgraduate from Purvanchal University, UP and holds Advance Diploma in Rural Technology Development and Management from IERT Allahabad.

S. S. Ramanathan
Chief Compliance Officer

He has 19 years of banking experience spread across Branch Banking, Operations, Branch Sales Management, Governance and Compliance. Prior to joining Utkarsh, he was heading the compliance functions relating to Retail Banking, Control Functions and additionally handled the Subsidiary Governance in Axis Bank. He is a founding member of UBL Sales Ltd (Now Axis Securities Ltd.,) a subsidiary of Axis Bank and has been instrumental in setting up of the various departments of the subsidiary. He has been involved in implementation of various projects in Axis Bank. Prior to Axis Bank, he has worked with IDBI Bank and ICICI Bank in various capacities in branch banking. He is a Graduate from University of Madras and ICWAI (Inter) and has also completed a certificate course from The Strategy Academy, Mumbai.

Shashi Kant Singh
Chief of Internal Vigilance

He has over 35 years of rich experience in State Bank of India, with over a decade in Senior Management Grade handling various assignments including in Reconciliation, Inspection & Management Audit Departments. He has worked in different setups like large size Branches, Local Head Office, Administrative Offices, Regional Business Offices ,Training Centres, CPCs., Lead Bank Offices in Bihar, Jharkhand, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, Assam, Manipur, Tripura States including Foreign Country Branches. He has also worked with International Banking Division and Overseas Branch, Varanasi and handled Forex Business including Forex Sales/Purchases, in charge (Imports & Exports), Import Letters of Credit, International Bank Guarantees and payment of Import Bills received under Foreign Letter of Credits and Bills on Collection basis. He is a Graduate has from Gorakhpur University and CAIIB (IIBF).

Head - Operational Risk & Chief Information Security Officer (CISO)

He has over 30 years of banking experience. He joined as a Probationary Officer in State Bank of India and handled assignments in General Banking, Foreign Exchange, Commercial Banking and Information Technology. He has also worked with Axis Bank wherein his responsibilities included Operational Risk Management, Branch Connectivity Project and Information Security. Prior to joining SBI, he was a Management Trainee in Punjab National Bank. He is a Mathematics Graduate from Osmania University. He is also a CAIIB, FRM, CISA, CISM, CRISC and DCPP.

Virag Jain
Head - HR & Training

He heads the HR & Training department of the Bank. He is having more than 17 years’ experience in the BFSI industry and has worked with ICICI Bank, Kotak Mahindra Bank and Reliance Mutual Fund in his earlier stints. Prior to joining Utkarsh, he was associated with Redwood Consulting an HR Consulting firm as Partner. He holds his PGDBA from ICFAI Business School and Chartered Financial Analyst (CFA) from ICFAI Hyderabad.

Anang Shandilya
Company Secretary

He has around 11 years of professional experiences in the domain of Secretarial, Legal, Compliance and Corporate Governance framework of Companies while working with big corporate houses like Tata Group, Delhi Stock Exchange and Times of India Group. He is a Commerce and Law Graduate, Fellow Member of the Institute of Company Secretaries of India (ICSI), New Delhi and an MBA (Finance) from Symbiosis University, Pune.