Subodh Kumar Kaushik




Subodh Kumar Kaushik

Ex –General Manager & Advisor ,Punjab National Bank
E- mail:




Summary of Work: Career banker with more than 35 years of experience across Commercial Banking, International and Offshore Banking, MSME, Information Technology and Agency Business with Government. Member of various Regulatory and Government Committees including RBI working group on business Process Re-engineering of Govt. Business, Member of monitoring committee on GST rollout, Member of working group for BPR of Custom Duty EDI portal. Worked closely with various Departments and Ministries of Government of India to develop and introduce new technology enabled platforms including GST Network and system for VAT Collections and Custom Duties, Pension Payments, Management of Treasury Payments, Public Provident Fund, Employee Provident Fund Systems etc.

Key Positions Held:

Date till


Areas of Responsibility


to date


Course Designing Committee

 for Business and Skill Oriented Courses

ML Sukhadia University, Udaipur

May, 2019

to date


MBA Course Advisory Committee

MD University, Rohtak

December, 2019

to date

Promoter Director

Arthavedika Tech Pvt. Ltd.

A Fintech startup incubated at Foundation for Innovation & Research in Science & Technology, IIT Kanpur

9/02/2019- to date


Mody University

Making it a centre of excellence

September 2017- to date

Member Advisory Board

New-Generation Innovation and Entrepreneur Development Cell, Manav Rachna International Institute of Research.(Formerly Manav Rachna International University)Under Deptt. Of Science & Technology, Government of India

1/12/2017 – 28/02/2019


Hawk Capital Private Limited

( RBI authorised NBFC)



Punjab National bank

Govt. Business Division



Govt. Business Division

(Played a significant role in Digital India initiative of Government of India)


GM designate 1/10/13


Marketing, Credit Card, Merchant Banking, Publicity and PR Divisions

01/ 07/2010–26/4/13

DGM – Circle Head

Head of KolkataCircle




Incharge of Overseas Expansion



Offshore Banking & SEEPZ SEZ


Chief Manager


Incharge of Overseas Expansion, Depository services & New Initiatives

Major contributions as GM (Govt. Business):

  • Member of RBI working group on business Process Re-engineering of Govt. Business in India. Heading Pension sub group.
  • Member of committee to frame scheme of ‘Kaushal Vikas’ loan scheme, under Ministry of Skill Development.Government of India.
  • Member of monitoring committee on GST rollout.
  • Member of working group on My-tax portal of CBDT.
  • Member of working group for BPR of custom duty EDI portal.
  • Member of working group of CBEC on Bank Authorisation Reference Model and Performance parameters.
  • Nodal officer for designing & implementation of ‘Jeevan Pramaan’ Digital life certificate project across banking industry. Obtained first DLC in the country on 11thOct, 2014.
  • Introduced first Electronic Pension Payment Order in the Country with Western Railways.
  • Introduced first Electronic Pension Payment Order in the Country for defence services on 1st 2015 on Defence Accounts Day.
  • Introduced first Revision Electronic Pension Payment Order in the Country with CPAO along with four other major banks.
  • First Bank in the country to provide pension details in the pass book, besides sending SMS to all registered mobiles.
  • Successfully took up with CGA and CGDA for doing away with first life certificate and obtain Letter of Undertaking for recovery of excess payment upfront, doing away with the delay in disbursement of the first pension.
  • Developed special schemes for payment of Defence salary and pension.
  • Enabled online VAT collection for 21 states.
  • Among first banks to go live on Electronic Secured Bank and Treasury Receipt system.
  • Fully integrated with PFMS portal for Ministry payments.
  • Fully integrated with ebiz portal of DIPP for Government fee collection.
  • Fully integrated system for EPFO collections.
  • Nodal officer for proposed collaboration with India Post / IPPB.
  • Studied the problems of Handloom clusters and helped in developing a new pragmatic Mudra loan scheme, which was approved by GOI and implemented across banking industry.


Major contributions as Advisor (Govt. Business):

  • Designed and Guided the establishment of Weaver Mudra Portal for direct disbursement of Margin money and Interest subsidy for Ministry of Textiles. Subsequently, similar facility was established for interest subsidy to handicraft artisans.
  • Helped/ Guided Department of Post in setting up of India Post Payments Bank,including framing of their policies and setting up of their entire IT platform including core banking & networking.
  • Guided National Electronic Toll collection project implementation for PNB
  • Guided Implementation of EPFO collection / Payment system
  • Guided integration with Govt. e-Market portal
  • Guided on new schemes for Defence personnel
  • Guided implementation of GST collection

Major contributions in the past:-

  • Founder Principal of first IT Training Centre of Punjab National Bank in 1999, was involved in training of Staff and customization / roll out of Core banking solution including developing test cases, job cards, system security, MIS etc.
  • Setup all Operational Overseas Offices of Punjab National Bank, beside few representative offices abroad. Setup Back offices for overseas operations along with Data Centre and Disaster Recovery centre between 2005 to May 2010. Dealt with Ten financial sector regulators in the world. Put in place the regulatory compliance framework for these offices.
  • Enabled online trading platform for Depository operations of Punjab National Bank in 2006.
  • Setup a Centralised Back Office for Trade Finance, for processing Import / Export documents in 2007.
  • Setup Bank’s International Service Branch for handling remittances.
  • Introduced first world travel Card for the Bank.
  • Introduced Gold coins in collaboration with PAMP Refinery, Switzerland
  • Contributed in Framing of the Draft regulations on Banking for Proposed International Financial Centres in India as a Member of Committee headed by Sh. D.K. Mittal, the then Additional Secretary, Ministry of Commerce and Industries, Govt.of India in 2009.
  • As Circle Head, Kolkata was member of State Level bankers Committee.
  • Introduced first Euro Money Visa pin and chip secured Credit card for the bank, adjudged best credit card by the magazine Consumer Voice, 2013.

Academic and Training Experience:

Asst. Professor/Lecturer

Taught Principles of Management, Commercial Law, Company Law, Commercial Geography and Marketing to Under- Graduate classes

Visiting Faculty on Forex / International Business / Marketing / HR & Entrepreneurship Development Programs.

Visiting Faculty on Forex / International Business / Marketing / HR & Entrepreneurship Development Programs

Delhi University-Centre for Development of Professionals in Higher Education.

 Delhi University- Shri Ram College of Commerce – Post Graduate course on Global Business Environment.

Mohan Lal Sukhadia University, Udaipur- Master of International Business,

 Indian Institute of  Foreign Trade, Fore School of Mgt., UCCI, PHDCCI,IIMT,JK Business school,

Entrepreneurship Development Programs:

 FIICI Ladies Organisation,

 Bureau of Industrial Promotion, Rajasthan,

Advisor- Entrepreneur Development Cell- University of Jodhpur & University of  Udaipur

Currently Member- Advisory Board- Entrepreneurship Development, Innovation & Business Incubation centre, Manav Rachna International University, under auspices of Ministry of Skill Development, Government of India.

Advisor- Wow Factors India Pvt. Limited

Member: Centre for Education Growth & Research.

Chief Co-ordinator FEDAI, New Delhi

Foreign Exchange Dealers Association of India workshops

Coach/ Faculty – Indian Institute of Banking, now IIBF at New Delhi

Banking Law and Practice, Commercial Law for JAIIB/ CAIIB

Areas of Interest:

  • Banking Law and Practice
  • Commercial Law
  • Foreign Exchange
  • Human Resource Development / Industrial Relations
  • Information Technology ( was among handful of officers trained by INFOSYS on core banking)
  • International Business – Principles and practice
  • Overseas Regulatory framework for Banking
  • Risk Management – Credit and Operations
  • Implementation of Socially relevant project & their financial Management.
  • Public Financial Management System including setting up IT platform for it.
  • Entrepreneurship Development, Innovation and Skill Development.

Educational qualification:

  • Sc. and M.Com.- Business Admin with Industrial Relations as specialisation (University Gold Medallist-1978)


  • Published Eight books during tenure as Training Manager.
  • Contributed a chapter each on “Funding of start ups” in a book on Entrepreneurship and “Presentation skills” in the books published by Centre for Education Growth and Research, New Delhi .