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. S. Fernando (Deputy Secretary to the Treasury, Ministry of Finance)

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

Mr.Saman Fernando is a special grade officer in the Sri Lanka Administrative Service. He joined the Sri Lanka Administrative Service in 1991. With over 25 years of experience in the public service, he has held various executive level positions in a number of ministries and departments. During his tenure, he has worked in the Department of Public Enterprise and the Department of Management Services, under General Treasury. He has also served in the Ministry of Finance as the Director General of Human Resources.

Mr. Saman Fernando has gained his first degree in Bachelor of Commerce from the University of Kelaniya. He also obtained a law degree from the Open University. In 2003, he took oath as an Attorney at Law. He holds MA in Financial Economics from University of Colombo and Postgraduate Diploma in Information Management from SLIIT.

Mr. G.A. Jayashantha

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

Mr. Jayashantha counting over 24 years of service in Banking was in the branch banking in the early part of his career and later specialized in Treasury, Dealing & Primary Dealer Unit (PDU), Assets & Liabilities Management Unit (ALM), Risk Management, Corporate Recovery, Offshore Banking and Branch Operations.

He graduated from the University of Sri Jayawardenapura, Sri Lanka in 1994 with a B.Sc. Business Administration (Special) degree in First Class. He holds a Master of Arts in Financial Economics at University of Colombo and also has a Diploma in Credit Management. He is an Associate Member of the Institute of Bankers of Sri Lanka.

Mr. Jayashantha serves as a member/an observer to various management committees and Board Sub Committees and shares experiences in policy matters/strategic decisions.

Mr. Jayashantha held the positions of Assistant General Manager (Corporate Recovery), (Risk Management), (Western Province – South) & (Offshore Banking) and Deputy General Manager (Retail Banking Range – II), before assuming the duties as Deputy General Manager / Chief Risk Officer of the Bank of Ceylon (BOC).

Mr. Jayashantha serves as a Director on the Board of Merchant Bank of Sri Lanka & Finance PLC, BoC Property Development & Management (Pvt) Limited and Ceybank Asset Management Limited.

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.

Mrs. Krishani Narangoda

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

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. 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.

Mrs. Hiranthi Karunaratne
(Attorney-at-Law & Notary Public.)

Independent / Non-Executive Director

An Attorney-at-Law of the Supreme Court of Sri Lanka since October 1985 having a strong legal exposure (Local and International) for more than 36 years.

Served as a State Advocate attached to the Director of Public Prosecutions in the Republic of Zambia and served as a Senior State Counsel at the Attorney General’s Chambers (Civil Department) in the Republic of Kenya.

Served on the Bank’s Panel of Lawyers of Pan Asia Banking Corporation PLC. (Kurunegala Region) from 2003 to 2014. Served on the Bank’s Panel of Lawyers of Commercial Bank of Ceylon PLC. (Kurunegala Region – from 2003 to 2014, Kandy Region – 2014 to 2020 and Colombo Region – from 2020)

Good at reviewing of complete written documents, drawing conclusions and making connections among legal authorities.

Competent at problem solving while assigning preeminence to logical reasoning, Researching and analyzing complex legal documents and handling the task of preparing all types of legal documents are performed while the work associated to conveyancing being the forte.

The examination of title to property offered as security against borrowings and tendering of opinions on matters of interest to the banks were primarily assisted. Maintenance of lofty ideals of work ethics connected with the profession and a strong sense of dedication to the work entrusted are strived while ensuring highest level of professionalism when interacting with clients.


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