Mr. Madhukar R Umarji was Chief Advisor – Legal of the Indian Banks’ Association for the last twelve years and has rich experience in banking and other financial sector related laws. A post-graduate in Law from Bombay University, Mr. Umarji represents a unique combination of experience as Legal Adviser of Banks (Bank of Baroda and Dena Bank), operational banker (Dena Bank and Corporation Bank) and a Central Banker as Executive Director, Department of Non-Banking Supervision, Reserve Bank of India.  He has been actively involved in the process of financial and banking sector reforms in India undertaken by the Ministry of Finance and has represented the banking industry on various Committees and Working Groups set up by the Government and RBI, including Dr. J J Irani Committee on Reforms in Company Law.  He was also member of the Bankruptcy Law Reforms Committee and Task Force for setting up Resolution Corporation. He was involved with the United Nations Commission on International Trade Law in preparation of Legislative Guide on Model Law for Secured Transactions, as a delegate from India and also UNIDROIT in preparation of Model Law on Lease of Movables. Sixth Edition of his book on SARFAESI Act has been published last year