He has been a director of ASREC (India) Ltd., an asset reconstruction company. Shri Balachandran was the chairman of BOI Shareholding Ltd., and director on the board of Agriculture Finance Corporation Ltd., and NABARD Consultancy Services Ltd. Balachandran is also associated with several committees of RBI, IBA, NABARD and Govt. of India, notable of which are - High Power Expert Committee of Govt. of India for making "Mumbai as an International Financial Centre." Working Group on Agriculture - XI Five Year Plan, (GOI) RBI Committee on Lead Bank Scheme He is now chairman of National Payment Corporation of India Ltd., and Small Industrial Development Bank of India [SIDBI]. He is a seasoned banker and a fine speaker. External links A news report https://web.archive.org/web/20120511073151/http://www.thehindubusinessline.com/industry-and-economy/banking/article1983703.ece http://www.thehindu.com/business/Economy/article905970.ece https://web.archive.org/web/20120803092249/http://www.india-inc.in/M.%20Balachandran%20.html www.india-inc.in/M.%20Balachandran%20.html https://web.archive.org/web/20130412225122/http://www.iobbancon2011.com/Programme___Plenary_Session___Winning_the__War__for_talent_in_co_273.aspx?ALBUM http://www.thehindubusinessline.com/todays-paper/tp-money-banking/article988706.ece http://www.business-standard.com/special/bank06/bank06_04_6.htm https://web.archive.org/web/20120817032057/http://www.thehindubusinessline.com/industry-and-economy/banking/article3415652.ece http://www.npci.org.in/mb.html 1947 births Living people Indian bankers Dai-ichi Life