The Board of Directors of Central Depository Services (India) Limited (CDSL) announces that the Securities & Exchange Board of India (SEBI) has approved the appointment of Shri B.V. Chaubal as the Chairperson of the Governing Board of CDSL. Chaubal has been on the Governing Board of CDSL with effect from July 30, 2019, as Public Interest Director.

Chaubal retired as Deputy Managing Director of State Bank of India, after serving for more than 38 years with the bank. As Deputy Managing Director he was overall in-charge of global markets' operations involving bank's investments and forex. His role inter alia includes formulation of policy as well as strategy, ensuring

Chaubal has been on the Governing Board of CDSL with effect from July 30, 2019, as Public Interest Director.

regulatory compliance like maintenance of CRR/SLR, managing liquidity through money market operations and contributing to investment decisions, Asset Liability Management and Market Risk Management. He holds a Bachelor's degree in Science from the Institute of Science Nagpur and Master's degree in Physics from the Indian Institute of Technology, (Powai) Mumbai. He is a Certificated Associate of the Indian Institute of Bankers. Chaubal is currently a Visiting Professor at the National Institute of Bank Management, Pune, specializing in commercial banking, corporate governance and strategy.

CDSL’s enduring focus on delivering quality services and innovative products has propelled it on a high-growth path in the recent years. Since the financial services industry has become increasingly IT-reliant, cutting-edge technology is at the heart of CDSL’s strategic vision.