
Nandkumar Saravade & Jagajit Mangal Prasad Appointed As Independent Directors Of AU Small Finance Bank
AU Small Finance Bank appointed Nandkumar Saravade and Jagajit Mangal Prasad as Independent Directors.
Saravade is a former IPS officer and one of India’s leading experts in cybersecurity, fraud risk management, and regulatory technology. He was the CEO of Reserve Bank Information Technology Pvt Ltd (ReBIT) from 2016 to 2021 and earlier led the Data Security Council of India. He has advised Ernst & Young, ICICI Bank, and Citibank on fraud risk and cybersecurity. At Citigroup, he led security and investigations for South Asia and served as Chief of Internal Vigilance. At ICICI Bank, he managed fraud prevention and regulatory reporting. He has also served in the CBI, leading the Mumbai Anti-Corruption Branch and supervising investigations across Gujarat and Rajasthan. He also headed NASSCOM’s cybersecurity initiatives.
Prasad brings over 30 years of experience in human capital strategy and organisational development. He has led HR functions at several major firms, including ING Vysya Bank, Kotak Mahindra Life Insurance, Tata Elxsi, and Subex. His expertise lies in building organisational culture, leadership development, and strengthening governance practices. Prasad’s experience across diverse industries gives him a broad perspective on talent strategy and people-first growth. His insights are expected to support the institution in navigating workforce transformation, leadership alignment, and sustainable growth through strong people practices and effective governance.