Smt Shubhalakshmi Panse, aged about 65 years, is a Masters Degree holder in Science
(M.Sc.), Diploma in Business Management (DBM), Masters in Management Sciences with
Specialization in Financial Management (MMS), Masters in Business Administration
with specialization in Bank Management (USA) and CAIIB.
Smt Shubhalakshmi Panse has been a Member of External Advisory Committee set up
by RBI for vetting the applications received for setting up Payment Banks. She was
a member of P J Nayak Committee set up by the Government of India for Corporate
Governance in PSBs. She was also a member of Appointments Committee for selection
of CMDs & EDs of public sector banks.
Presently, she is on the Boards of Federal Bank, Sudarshan Chemicals Industries
Ltd., Atul Ltd., KPIT Technologies Ltd. and PNB Housing Finance Company Ltd. as
Independent Director.
Smt Shubhalakshmi Panse was appointed as Chairman & Managing Director, Allahabad
Bank from 01/10/2012 to 31/01/2014. (Prior to that she was an Executive Director
of Vijaya Bank from 20/11/2009 to 30/09/2012). She was also the Chairman of ALLBANK
Finance Ltd., a subsidiary of Allahabad Bank and Director on the Board of Universal
Sompo Insurance Company, a joint venture company of Allahabad Bank, Indian Overseas
Bank, Karnataka Bank, Sompo of Japan & Dabar Company.
Smt Shubhalakshmi Panse joined as Probationary Officer in Bank of Maharashtra in
1976 and served upto the level of General Manager in Bank of Maharashtra.
She has a vide experience in the areas of Balance Sheet Management, Funds Management,
Treasury Management, Corporate Credit Appraisal, Credit Monitoring & restructuring
and NPA Management, expertise in Project Appraisal and Monitoring and Implementation,
Business Planning, Conceptualising and Planning the road map of Information & Technology,
establishing and putting in place systems and procedures for new business outlets
and running them efficiently and effectively, Human Resource Development & Management
strategies. She has an experience of about 39 years in the banking industry.