S. Ganesh Kumar
S. Ganesh Kumar retired serving as Executive Director, Department of Payment & Settlement Systems, Reserve Bank of India, Mumbai. Ganesh Kumar a post graduate in Management having experience in varied fields such as marketing, market research, banking, finance, and Information Technology. He has been with the Reserve Bank of India for more than two decades. With the advent of technology in banking, he has been focusing on computerised operations of the various functions of the Central Bank. Ganesh Kumar was associated with the introduction of technology in the Banking sector – from the introduction of the MICR based cheque processing more than two decades ago, as well as the introduction of new payment and settlement systems for the benefit of the customer at large – all based on technology. The areas include the introduction of computerised and network based banking functions, pioneering work in the introduction of electronic movement of funds and the introduction of Real Time Gross Settlement in India, introduction of cheque truncation and other electronic data interchange initiatives for the Banking sector. He has played a key role in framing the policy for IT implementation in the Reserve Bank and the Banking sector, apart from providing policy perspectives relating to IS Security, Audit and compliance. He has also been associated with the Institute for Development and Research in Banking Technology – the IT institute for the Banking sector, facilitating in training and new service offerings stemming out of Research activities of the Institute. He is currently looking after holistic IT implementation in the RBI, including the implementation of the Core Banking System for the country’s central bank as a seamless system and to integrate with the financial inclusion initiatives of the Government as well.