Shri Ajai Kumar
Independent Director

Shri Ajai Kumar is the former Chairman and Managing Director of Corporation Bank and has a distinguished career in banking industry. He has worked as General Manager Retail Banking and General Manager Information Technology Projects at Bank of Baroda and as Executive Director of Uco Bank.

A Master of Science (Physics) from University of Allahabad, Mr Ajai Kumar is a Law graduate. He is also a Certified Associate of Indian Institute of Bankers (CAIIB). Mr Ajai Kumar has taken several initiatives for bank’s growth in his various positions at Bank of Baroda, UCO Bank, and Corporation Bank. While in Bank of Baroda, Shri Ajai Kumar during his tenure as General Manager Information Technology Projects, was responsible for 100% automation of both domestic and overseas  branches through migration to Core Banking Solution, putting in place Wide Area Network of the Bank and enhancement of technology platform through implementation of RTGS, NEFT, Cash Management Solution, Phone Banking, Internet Banking, Retail Depository, Institutional On-line Trading, Data Warehouse, Global Treasury, Risk Management, Anti-Money Laundering, Human Resources Information System, Centralization of Swift, City Back Office, Regional Back Office, Internet Payment Gateway.

During the tenure as CMD of Corporation Bank, Shri Ajai Kumar enabled creation of strong business processes and structures in the form of SME Loan Centres, Circle Offices,   Agriculture Business Development Cells, Corp Excel branches, Gold Loan Shoppes. All these measures resulted in strong business growth in Retail, SME and in Priority Sector credit in the Bank.

Shri Ajai Kumar was also Member of the Board of Directors of Indo Zambia Bank Ltd. He was also a Founder Director on Board of National Payment Corporation of India.

Shri Ajai Kumar has been appointed as Non-official Independent Director on the Board of NPCIL w.e.f. 31st October 2019.