Bank SBI Indonesia
Akash Damniwala has a diverse range of work experience in the banking industry. Akash currently holds the position of President Director at Bank SBI Indonesia since August 2022. Prior to this, they worked at State Bank of India as a Deputy General Manager and later as an Assistant General Manager, where they specialized in resolving stressed assets and representing banks in NCLT cases. Akash also held various managerial roles at State Bank of India, including Chief Manager and Branch Manager, where they successfully managed the branch's operations and increased its business. In addition, they served as a Senior Vice President and Chief Finance Officer at SBI Global Factors Limited. Akash Damniwala's career spans from 2004 to the present, showcasing their expertise and growth in the banking sector.
Akash Damniwala has a diverse education history. Akash started their educational journey in 1987 at the University of Mumbai, where they obtained a Bachelor of Commerce degree. After completing their undergraduate studies in 1992, Akash enrolled at the Institute of Cost Accountants of India and pursued a degree in Cost Accounting, which they completed in 1996.
In 1996, Akash continued their educational pursuits and attended the Indian Institute of Banking and Finance. During their time there, they focused on the field of Banking and obtained a CAIIB degree in 2000.
After several years, in 2008, Akash decided to expand their knowledge in the field of Financial Planning. Akash attended the Financial Planning Standard Board of India and completed a degree in Financial Planning during the same year.
To complement their formal education, Akash Damniwala obtained additional certifications in Risk Management and Credit Principles. In December 2022, they earned an edX Verified Certificate for Risk Management and Credit Principles from the New York Institute of Finance.
Overall, Akash Damniwala's education history demonstrates a commitment to develop expertise in various areas of finance, including cost accounting, banking, and financial planning.
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Bank SBI Indonesia
State Bank of India ("SBI"), is the largest shareholder of the Bank SBI Indonesia, and it is the Indian's largest financial Banking corporate, headquartered in Mumbai, India. The origins of State Bank of India is dated back to 1806, when the Bank of Calcutta (later called Bank of Bengal) was established. In 1921, the Bank of Bengal and two other Banks (Bank of Madras and Bank of Bombay) were merged to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquires control of the Imperial Bank of India and then SBI were formed under the laws of Parliament to replace the Imperial Bank of India. SBI has extensive administrative structure, supervising large network of branches in India and abroad. The Corporate Centre which is located in Mumbai, India, SBI has 14 Local Head Offices, 57 Zonal Offices, and 191 foreign offices in 36 countries around the world. Bank SBI Indonesia is initially recognized after the State Bank of India (SBI), one of the largest Bank in India, acquired 76% of shares from PT. Bank IndoMonex on 14 December 2006, hereinafter and took over the management control in June 2007 and operated in Indonesia as a subsidiary Bank of SBI. In June 2009, Bank SBI Indonesia obtained the status as a foreign exchange Bank, which has the right to conduct business in foreign exchange transactions. Then, in 2009,the Bank name changed to Bank SBI Indonesia to reflect the new ownership of the SBI. On August 2013, SBI acquired another 23% of shares from PT. Ravindo Jaya, thus adding the ownership of its shares to 99%. In order for the Bank to be the “BUKU 2” Category, shareholders of Bank SBI Indonesia have added the capital in 3 Tranches, where the Tranch 3 were deposited on November 2015. At present, Bank SBI Indonesia has 6 (six) branches and 6 (six) sub-branches spread over 4 (four) major cities in Indonesia namely, Jakarta, Bandung, Surabaya and Medan. Bank SBI Indonesia has (1) cash point, located one at Embassy of India in Jakarta.