Board of Directors

Mr. M. M. Chitale, a fellow member of the Institute of the Chartered Accountants of India, is a renowned professional having standing of more than 35 years. Mr. Chitale is a partner in Mukund. M. Chitale & Co: a firm that provides services in the areas of auditing tax consultancy and management consultancy to various banking, insurance, and manufacturing firms.

He also holds directorship in many renowned Companies including Shriram Transport Finance Co. Ltd., and ONGC Mangalore Petrochemicals Ltd. Mr. Chitale is also associated as the Member of Governing Council of Banking Codes and Standards Board of India. He is also the Chairman of the Ethics Committee of the Stock Exchange, Mumbai. He is a member of Advisory Board on Bank, Commercial and Financial Frauds, of the group for Amalgamation of Urban Co-operative Banks.

In the past, Mr. Chitale has also served on boards of ONGC, IDBI Bank Ltd, LIC Housing Finance Ltd., SBI Mutual Funds Trustee Co. Pvt. Ltd., etc. Mr. Chitale has held various positions in professional bodies such as President of The Institute of Chartered Accounts of India in the year 1997-98, member of The International Auditing Practices Committee of The International Federation of Accountants from January 1998 to June 2000, etc.

In addition to the above, Mr. Chitale has served in various committees such as Member of The Committee for Collective Investment Schemes appointed by SEBI (Dr. S.A. Dave Committee), Member of Working Group on Restructuring of Weak Public Sector Banks appointed by RBI (Verma Committee), Member of Committee on Procedures and Performance Audit of Public Services appointed by RBI (Dr. Tarapore Committee).

He has presented papers on subjects such as accounting, auditing, Corporate Governance, banking, Quality Controls at various seminars and conferences held at national and international levels.