The first thoroughbred private banker to head Bank of Baroda, India's second largest state-run bank, P.S. Jayakumar continues to contribute to several innovations in retail banking in India.

He joined Bank of Baroda on October 13, 2015, and has since been steering the Bank's comprehensive transformation journey currently underway across all aspects - business, digital and technology, compliance and controls, organization and people.

Mr Jayakumar, a career banker, has introduced internal changes such as merging the large mid-corporate and the international lending business to a central team, conducting of training sessions by rating agencies to increase competence and consistent monitoring in the bank's working.

Prior to his appointment as MD & CEO of Bank of Baroda in October 2015, he was the Co-founder and CEO of VBHC Value Budget Housing (VBHC), a leader in housing for low and moderate income household from 2009 to 2015. He was also the Co-founder and Non-Executive Promoter Director for Home First Finance Company (HDFC), a housing finance institution regulated by the NHB, focused on financing customers who are not able to access mortgage loans from the banking sector.

A Chartered Accountant by qualification, Mr Jayakumar also holds a Post Graduate Diploma in Business Management from XLRI JaMshedpur. He also has the distinction of being a Chevening Gurukul Scholar through the London School of Economics and Political Science.