Board of Directors

Mr. P.Madhava Rao

(Independent Director)

Mr. P.Madhava Rao has joined hands with Spandana with 35 years of strong experience in the Finance sector. He has been a high performing individual and has achived targets on time with his previous organization – ING Vysya Bank . In the capacity of Vice President and Regional Manager he has handled various branches – Metro, Urban, Semi Urban and Rural branches. He brings in depth knowledge of credit risk, agri & social banking, project finance etc. He has also been a successful trainer in his Banking career. He is one of the partners of M/s NMR Associates dealing with project finance and consultancy services. He gained experience in housing finance as Senior Vice President of ING Vysya Bank Housing Finance Ltd. Took initiative in developing new products and established tie-ups with various corporate and leading Institutions and brought new connections to the bank including exposure to leading MFIs.

Mr. Perur Seshappa Prasad

(Independent Director)

Mr. Prasad comes with rich experience of more than 30 years in the Banking Industry. Before becoming a part of Spanadana he has handled projects ranging from Rs 10 million to Rs 50 billion. He comes with in-depth knowledge in Credit Appraisal, Credit Sanction, Credit Monitoring and Administration. In his long career he was associated with ICICI Bank in the capacity of Zonal Head of Special Assets Management Group. He also served as the Chief Executive Officer of Alchemist Asset Reconstruction Company. To his credit he has also been a part of Dhanalaxmi Bank in the capacity of the Managing Director and CEO. His contribution has improved the operational parameters of the Bank, resulting, inter-alia significant improvement in profitability and reduction in NPA levels. He has also been the director of large companies nationally and Internationally. He has earned his Honors in Physics and Engineering Degree from Indian Institute of Science, Bangalore.