Board of Directors

RDB Chairman Mr. Mahinda Saliya

Mr. Mahinda Saliya

Mr. Mahinda Saliya holds a Bachelor of Commerce (Special) degree from the University of Kelaniya He is well experienced in matters of Fiscal Policy, Government Finance, Statistics and also in the preparation of the Annual State Budget.

He has been employed in the State sector for 34 years during which, he had worked at the Central Bank of Sri Lanka (CBSL) in the capacity of a Senior Assistant Director, a Regional Manager. He also served as the Deputy Director and Director Budget, and Additional Director General of State Accounts at the Government Treasury. He had also represented Director Boards as a member in several Government Institutions as the representative of the Treasury.

The Rajarata Development Bank, Kotalawala Defence University, Defence Service Command and the Staff College, Rakna Lanka Arakshaka Limited, Land Reclamation and Development Corporation, Tower Hall Theater Foundation and Selacine Television Institute are some of the State Institutions where Mr. Saliya had represented as a member of the Boards of Directors.

Mr. K.E.D. Sumanasiri

Non-Independent / Non-Executive Director (BOC Representative)

Mr. Sumanasiri joined the Bank of Ceylon (BOC) in 1990, having obtained a Bachelor of Science (Hons.) Degree in Business Administration from the University of Sri Jayewardenepura. He is also an Associate Member of the Institute of Bankers of Sri Lanka and has followed a Leadership course at the Harvard Business School of Harvard University of USA. He was appointed as Deputy General Manager from April 2013.

His wide experience in Retail Banking, Micro Finance, Corporate Finance and Human Resource Development has taken through Management and Leadership roles in the Branch Network.  He held several positions in the Branch Network as Manager, Area Manager, Operations Manager and Asst. General Manager.

While serving as a Faculty member of the Bank’s Training Institute, holding the position of Manager (Training), Mr. Sumanasiri has readily responded to uplifting the knowledge of staff of Bank of Ceylon. He was instrumental in the career development of the staff.

Soon after the three-decade conflict period came to an end in the Northern part of Sri Lanka, Mr. Sumanasiri took over the Northern Province as the Assistant General Manager and played a leading role in uplifting the livelihood of the resettled people in the area and he has made an immense contribution to boom the economy of the Northern Province. Also he played a major role in expanding the Delivery Channels in the Northern Area.

With his extensive experience and expertise in Micro Finance and Retail Banking, he was able to take a dynamic role to propel BOC to a greater height in the Northern Province.

Mr. K. Raveendran

Non-Independent / Non-Executive Director (NSB Representative)

Mr. Raveendran is currently serving as the Senior Deputy General Manager of National Savings Bank overlooking the Branch Operations, Finance and Planning, Superannuation and Research & Development functions. He counts for over 23-year post qualifying experience in the Banking and Finance sector with more than 18 years at National Savings Bank. Prior to assuming duties as the Senior Deputy General Manager responsible with above functions, he has served in the capacity of Assistant General Manager and Deputy General Manager in the fields of Finance, Audit and Research & Development. He has also overseen the risk management function of the Bank. Mr. Raveendran has served in People’s Merchant Bank as a Financial Analyst in the Corporate Finance Division and a Research Analyst at CDIC Sasoon Cumberbatch Stockbrokers prior to joining National Savings Bank.

Mr. Raveendran has served as a Visiting Lecturer at the University of Sri Jayewardenepura and the Institute of Bankers of Sri Lanka. Also, he is a prominent and versatile lecturer in the subject of Financial Management in the examination conducted by CA Sri Lanka.

He is also a Fellow Member (FCA) of the Institute of Chartered Accountants of Sri Lanka and a Founder (Fellow) Member of the Institute of Certified Management Accountants (CMA) of Sri Lanka. Mr. Raveendran holds a B. Sc. in Business Administration (Sp.) from the University of Sri Jayewardenepura with Honours and a Post Graduate Diploma in Banking and Finance from University of Colombo.

Other Current Appointments

  • Member of the governing council of Association of Professional Bankers of Sri Lanka.

 Previous Key Appointments

  • He has served as a member of the Board of Directors at the Institute of Bankers of Sri Lanka (IBSL) as an Alternative Director.

Mr. B.M. Premanath

Non-Independent / Non-Executive Director (People’s Bank Representative)

Mr. Premanath assigned duties at People’s Bank in 1987 as a Management Trainee having obtained a Second Class Upper (Hons.) Degree in Bachelor of Commerce from the University of Colombo and AIB Intermediate of the Institute of Bankers of Sri Lanka.

He held several positions in the Branch network as the Branch Manager, Assistant Regional Manager, Regional Manager and Assistant General Manager of Central Zone. Presently he is holding the Special Grade Corporate Management position of Deputy General Manager (Banking Support Services).

While serving as the Regional Manager of Polonnaruwa, he gained a wide knowledge on credit as well as recoveries. He was able to promote agricultural loans as well as pledge loans of the Bank, to bring up the morale of people in the Nothern Central Province of Sri Lanka who were severely affected by the 30 year civil war.

As the Assistant General Manager (Central Zone), he covered Kandy, Matale and Nuwara Eliya Regions, and was able to introduce extensive range of Entrepreneurs as well as opening of School Banking Projects to the Bank. During this period he had the opportunity of serving closely with the authority of Temple of the Sacred Tooth Relic fulfilling Bank’s Corporate Social Responsibility.

He has been appointed as the Deputy General Manager (Banking Support Services) since 2011 heading six units including Bank’s Procurements and Engineering Services too. All the procurement and supporting physical evidence were provided under his guidance for the project on implementing 200 People’s Bank Self Banking Units (SBU) throughout the island.

RDB DR. Nirmal De Silva Independent / Non-Executive Director

DR. Nirmal De Silva

Independent / Non-Executive Director

Dr. Nirmal De Silva is an award winning business professional & entrepreneur with close to two decades of ‘C Level’ experience across the world, where he has provided leadership to a number of Multi National and Fortune 500 companies. Over the last few years his focus has been on the Real Estate Industry, Strategy Consulting & Start-ups.

Dr. De Silva is currently serving as the Co-Founder / CEO of Paramount Realty. He is also the Founder of TYNA Consulting which is a Boutique Consultancy focused on Strategy, Leadership, Impact Investment, Strategic Power Play & Transformational Interventions (particularly for SME’s) & Social Enterprises. In addition Dr. De Silva serves on the board of a number of companies in diverse industries such as agriculture, food & beverage, technology, handicrafts, education, learning & development, facilities management, portfolio investment, professional services, digital entertainment, consumer goods & lifestyle services.

Not only is he a well-respected thought leader, he is also a much sought after Start up Mentor, Impact Investor & Public Speaker. He is also an important influencer in shaping up the start -up and social enterprise eco-system in the country. Dr. De Silva is a pioneer member of the revolutionary ‘Ath Pavura’ (the world’s first ever reality TV program) which supports social enterprises through impact investments. Similarly Dr. De Silva is a Global Mentor for Faster Capital based in the Middle East and the world renowned Mentor Capital Network- USA

In 2015, Dr. De Silva was recognized by the Government of Australia and was honoured with the Australian Alumni Excellence Award for Business Leadership. In 2019, Dr. De Silva was recognized with the Business Leadership Award at the HR leadership Awards. In the same year Dr. De Silva was recognized as the Most Outstanding Corporate Trainer in South Asia at the South Asian Business Excellence Awards.

Dr. De Silva also serves at the Chairman of the Independent Panel of Judges of the Prestigious PropertyGuru Asia Property Awards which is the region’s largest awards platform that recognizes world class real estate.

On an academic front Dr. De Silva is an Associate Professor Visiting Lecturer & Thesis Supervisor for Doctoral Level programs in a number of local and international universities.

Prof. Ariyaratne_Herath

Professor H.M.W. Ariyarathna Herath

Independent / Non-Executive Director

Prof. H.M.W. Ariyarathna Herath holds a Bachelor of Arts Special Degree in Economics from the University of Peradeniya, Master of Philosophy in Economics from University of Peradeniya, Master of Science in Development and Resource Economics from Norwegian University of Life Sciences and Doctor of Philosophy from Post Graduate Institute of Agriculture, University of Peradeniya. He is a prominent academia and a researcher in the fields of Development Economics, Money and Banking, Project Analysis, Microfinance and Poverty analysis.

He has been employed in the University of Peradeniya for 26 years in the posts of a Lecturer, and then Senior Lecturer, and as a Professor. During this period he had also served at the National Institute of Co-operative Development (NICD), Polgolla in the capacity of Director (Academic and Development), and International Research Centre, University of Peradeniya as a Deputy Director. Currently he holds the position of the Head of the Department, Department of Economics and Statistics, University of Peradeniya.

Prof. H.M.W. Ariyarathna Herath has served as a consultant and prepared reports for many national and international organizations such as Pathfinder Foundation Colombo; Plan International Sri Lanka;  IFAD and Ministry of Posts, Telecommunication and Udarata Development; North Central Provincial Council; Road Development Authority, Sri Lanka; UNDP and Central Provincial Council.

He has published several books of scholarly work on various fields. Principles and Project Planning and Appraisal, Microfinance: Theory and Practice, Gender Responsive Budgeting Process in Sri Lanka are some the books among them. He has also published many research articles in various national and international refereed journals.

Mr. W.M. Karunarathne RDB Independent / Non-Executive Director

Mr. W.M. Karunarathne

Independent / Non-Executive Director

Mr. W. M. Karunaratne, was appointed as an Independent/ Non-Executive Director to the Board of Directors of PSB also known as RDB on 03.01.2020. Mr. Karunaratne is a retired Assistant Governor of Central Bank of Sri Lanka and counts over 30 years of experience in Banking. He has also worked as a consultant at Ministry of Finance for the World Bank funded project of “Warehouse Receipts Financing Project”. He was the Chairman/ CEO of RRDB – Anuradhapura as well as a Board Director of Ruhuna Development Bank.
He has published two books on Banking with the poor (Group lending) and Rural Savings Mobilization, 6 books on Poverty lending, SME financing, Lift irrigation, Home gardening, Dairy development, Financial literacy as well as a book on Warehouse Receipts Financing.
Mr. Karunaratne holds a B A (Honors) Degree in Social Sciences from University of Peradeniya and LLB (Honors) from Open University of Sri Lanka. Further, Mr. Karunaratne is an Attorney at Law since 2002.

Mr. M.S.D. Ranasiri - RDB Independent/ Non-Executive Director

Mr. M.S.D. Ranasiri

Independent / Non-Executive Director

Mr. M.S.D. Ranasiri, was appointed as an Independent/ Non-Executive Director to the Board of Directors of PSB also known as RDB on 03.01.2020. Mr. Ranasiri is the former Director General of Department of Treasury Operations of Ministry of Finance.
He holds a B.Com Degree (Special) from University of Colombo and counts over 30 years of experience in the state sector. Mr. Ranasiri had also served as a Board Director in State Mortgage and Investment Bank as a representative from the General Treasury.

Mr. Lalith Abeysiriwardana - RDB Independent/ Non-Executive Director

Mr. Lalith Abeysiriwardena

Independent / Non-Executive Director

Mr. Lalith Abeysiriwardana was appointed as an Independent/ Non-Executive Director to the Board of Directors of PSB also known as RDB on 03.01.2020. Mr. Abeysiriwardana is an Attorney at Law by profession since 1996. He holds a Degree in Bachelor of Law (L.L.B) from University of Colombo and Attorney at Law from Law College of Sri Lanka.
At present Mr. Abeysiriwardana holds the position of Director of Lead Business Development and Management Company (Pvt) Ltd, Foods (Pvt) Ltd as well as Lead Hardware and Construction (Pvt) Ltd.