Shaji K V Takes Over as The New Chairman of NABARD

On December 7, 2022, Shri Shaji K V took over as Chairman of NABARD. Prior to May 21, 2020, he was the Deputy Managing Director (DMD) of NABARD.

Shaji K V played a key role in putting various initiatives into practice, including software-based supervisory inspection, data warehousing, process re-engineering, and an improvement in risk management procedures, in addition to conceptualizing the ambitious project to computerize Primary Agriculture Cooperative Societies (PACS).

He also oversaw NABARD's Finance Department, which ensured the effective use of resources generated from the market and their wise deployment, as well as the key Department of Refinance, which registered an all-time high business level in FY 2021–22.

Shaji spent 26 years in various positions at Canara Bank before joining NABARD. In his most recent position, he was in charge of Strategy, Planning, and Business Development at the corporate office of Canara Bank, where he successfully managed the effort to combine Syndicate Bank with Canara Bank.

In addition to serving as the Chairman of Kerala Gramin Bank, the nation's largest Regional Rural Bank at the time, and of NABKISAN Finance Ltd., a subsidiary of NABARD, he has extensive Board level experience spanning about 10 years in a variety of organizations, including National Payments Corporation of India (NPCI), Canara HSBC Life Insurance Company Ltd., and Canara Bank Securities Ltd.

In past, he was seen participating in a number of expert committees and working groups at the national level, such as the Working Group on Agriculture Value Chain Finance, the Expert Committee to Suggest Future Roadmap for RRBs, the Technical Group on Social Stock Exchange, the Committee to Draft Guidelines for IPO by RRBs, the Committee on Cost Sharing of ATMs, etc.

In addition to a diploma in Treasury, Investment, and Risk Management from the Indian Institute of Management (IIM), Ahmedabad, Shri Shaji has a postgraduate degree in agriculture. He is also an NSE Certified Market Professional and a Certified Associate of the Indian Institute of Banking & Finance (NCMP).