Mavila Vishwanathan Nair

Last updated

Mavila Vishwanath Nair
Mavila Vishwanathan Nair.jpg
Mavila Vishwanathan Nair during World Economic Forum 2009.
Born (1952-03-03) 3 March 1952 (age 70)
NationalityIndian
OccupationBanker

Mavila Vishwanathan Nair (born on 3 March 1952) is the Chairman of the Credit Information Bureau of India Limited, India's largest credit bureau. He is also an advisor in select private equity and ventures capital-funded companies in India.

Contents

Previously a banker, Nair was one of the longest-serving chairmen in the history of Indian banking, having served as chairman and managing director of Union Bank of India [1] for six years and Dena Bank for one year.

Early life and education

The second eldest of seven siblings. Nair was born in Kasaragod, Kerala, and grew up in Mangalore, Karnataka, [2] graduating from St. Aloysius College, Mangalore. Later, he attended trainings at the Indian Institute of Management Ahmedabad, Indian School of Business, Kellogg School of Management, and Harvard Business School.

Career

Corporation Bank (1973–2004)

Nair joined Corporation Bank as a probationary officer in 1973. He worked across Hyderabad, Gujarat and Mangalore and was then deputed to head one bank's largest branches in New Delhi.

He subsequently went on to head the western and central region of the bank. Both the regions were the best performing regions of the bank during his tenure. [3] After stints in the field, Nair was called on to set up a strategic business unit to boost-fee based income and to position Corporation Bank as a leading player in corporate banking. Nair set up the Collection and Payment Services (CAPS), which created a market advantage for the bank and positioned it as a leading player in corporate banking in India. [4]

Nair also headed various departments at the corporate office, including CAPS, Human Resources (HR), and Risk Management. [5]

He was subsequently elevated to Executive Director of Dena Bank.

Dena Bank (2004–2006)

Executive Director, subsequently chairman and managing director

Nair was promoted as Executive Director to Dena Bank when the bank was facing a severe challenge on the non-performing assets (NPA) front. He subsequently served as chairman and was with the bank for 2 years.

Union Bank (2006–2012)

Chairman and managing director

Nair joined Union Bank of India as chairman and managing director.

Nair was appointed Chairman of the Indian Banks’ Association for 2009–2010. During this period, as chairman of the wage negotiation committee, IBA successfully concluded the long pending bipartite settlement with the joint forum of unions.[ citation needed ]

Personal life

M. V. Nair lived with his wife Indu in Mumbai, India. They have a daughter, Vidhya and a son, Aditya.

Positions held

Related Research Articles

<span class="mw-page-title-main">Reserve Bank of India</span> Regulatory Body in India

The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik and Dewas. RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.

<span class="mw-page-title-main">State Bank of Mysore</span> Former associate bank of State Bank of India

State Bank of Mysore was a Public Sector bank in India, with headquarters at Bangalore. It was one of the five associate banks of State Bank of India, all of which were consolidated with the State Bank of India with effect from 1 April 2017.

Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.

P. L. Gairola (born 15 December 1948, was the chairman and managing director of Dena Bank, a leading commercial bank of India. He was appointed to this position by the Government of India, and assumed the charge of the bank as its CMD on 17 May 2006.

<span class="mw-page-title-main">K. V. Kamath</span> Indian Banker

Kundapur Vaman Kamath is the former chief of the New Development Bank of BRICS countries, previously he has also served as the Chairman of Infosys Limited, the second-largest Indian IT services company, and as the Non-Executive Chairman of ICICI Bank, India's largest private bank. Kamath also served as ICICI Bank's founder and Managing Director and CEO from 1 May 1996 until his retirement from executive responsibilities on 30 April 2009.

<span class="mw-page-title-main">C. D. Deshmukh</span> Indian politician

Sir Chintaman Dwarakanath Deshmukh, CIE, ICS was an Indian civil servant and the first Indian to be appointed the Governor of the Reserve Bank of India in 1943 by the British Raj authorities. He subsequently served as the Finance Minister in the Union Cabinet (1950–1956). It was during this time that he also became a founding member of the Governing Body of NCAER, the National Council of Applied Economic Research in New Delhi, India's first independent economic policy institute established in 1956 at the behest of Prime Minister Jawaharlal Nehru. After resignation from Union Cabinet he worked as Chairman of UGC (1956–1961). He served as Vice-Chancellor of University of Delhi (1962–67). He was also President of Indian Statistical Institute from 1945 to 1964, Honorary Chairman of National Book Trust (1957–60). He founded India International Center in 1959 and served as Lifetime President of it. He was also chairman of Indian Institute of Public Administration.

<span class="mw-page-title-main">G. Madhavan Nair</span> Indian aerospace engineer

G. Madhavan Nair is an Indian space scientist and a former Chairman of the Indian Space Research Organisation, and Secretary to the Department of Space, Government of India. He has also been the Chairman of the Space Commission and Chairman of the Governing Body of the Antrix Corporation, Bangalore. He was Chairman of the Board of Governors of the Indian Institute of Technology Patna until he stepped down due to his involvement in a controversial deal relating to sale of radio spectrum bandwidth involving Antrix. He was subsequently barred from holding any government positions.

<span class="mw-page-title-main">M. S. Sundara Rajan</span> Indian economist (born 1950)

M. S. Sundara Rajan ், is an Indian banking consultant, economist and was previously the head of Indian Bank. Rajan is a M.A. (Econ), CAIIB and A.C.S. He is a visiting faculty to many institutions. His core expertise is in investment banking, project finance, corporate restructuring and capital market. Rajan is known to be a soft-spoken and polite person. Rajan has visited Singapore, London, Tokyo, Hong Kong, New York & Dubai on business engagements. Rajan is an ardent Caranatic Music Fan and can speak in over five languages.

<span class="mw-page-title-main">Indian Institute of Banking and Finance</span>

The Indian Institute of Banking and Finance (IIBF), formerly Indian Institute Of Bankers(IIB) that imparts professional education in banking and finance. It is known for its flagship courses, the Junior Associate of Indian Institute of Bankers (JAIIB)/Diploma in Banking and Finance (DBF) and the Certified Associate of Indian Institute of Bankers (CAIIB). With its membership of over 700 banks and financial institutions as institutional members and about 300,000 of their employees as individual members, IIBF is the largest Institute of its kind in the world.

T. S. Narayanasami is a former banker and the first MD & CEO of United Stock Exchange of India, a currency derivatives exchange. His previous positions include:

The National Institute of Bank Management is an autonomous institute located in Pune, India. It is an autonomous, apex institution for research, training, education and consultancy in bank management.

Kiran Karnik is a prominent Indian administrator chiefly known for his work in the broadcasting and outsourcing industries. Presently he is also serving as a Director in Central board of directors of Reserve Bank of India. He is also the chairman, board of directors, of the Indraprastha Institute of Information Technology, Delhi (IIIT-D).

<span class="mw-page-title-main">Deepak Parekh</span> Indian businessman

Deepak Parekh is an Indian businessman and the Chairman of Housing Development Finance Corporation, India's leading housing private development finance institution. It is based in Mumbai.

<span class="mw-page-title-main">Y. V. Reddy</span>

Yaga Venugopal Reddy is an Indian economist and a retired Indian Administrative Service (IAS) officer of the 1964 batch belonging to Andhra Pradesh cadre. Reddy served as governor of the Reserve Bank of India (RBI), India's central bank, from September 2003 until September 2008.

Shyam Srinivasan took charge as the Managing Director & Chief Executive Officer of The Federal Bank Ltd, a major private commercial bank in India, on 23 September 2010.

Anil Khandelwal is an author, speaker, corporate advisor and a board member. He is currently on the board of Gail (India) Limited and serves as senior advisor at KPMG, a Maharatna company in the public sector. As an advisor to Corporates, he is also a board member of Centre for Micro Finance, a company promoted by Sir Ratan Tata Trust, and serves on the governing board of National Institute Securities Market (SEBI).

Polali Jayarama Bhat was the managing director (MD) and chief executive officer (CEO) of Karnataka Bank, a major Indian commercial bank in the private sector.

<span class="mw-page-title-main">Rajeev Kakar</span>

Rajeev Kakar, an experienced banker and a serial business founder and entrepreneur, currently serves as an Independent Non-Executive Director at Commercial International Bank, Egypt; Gulf International Bank, Bahrain and KSA; Eurobank Ergasias SA, Greece and Satin Creditcare Network, India. He also serves, since 2009, as a member of the Global Advisory Board of the prestigious University of Chicago, Booth School of Business, and also as a Member of the Industry Advisory Board of the SP Jain School of Global Management since 2011. As a Board Member at Eurobank, Rajeev also serves as the Chairman of the Board Remuneration Committee and Vice Chairman of the Board Risk Committee.

Dr. Sailendra Narain is a development finance specialist born in Nawadah, Bihar Province, India. For over 40 years, Narain has been a pioneer in developing the global SME sector. His specialities include: designing policy frameworks for SME Growth, establishing SME financing programs in banking and development financial institutions, and capacity building for SMEs with a focus on Entrepreneurship.

<span class="mw-page-title-main">Rakesh Sharma (banker)</span>

Rakesh Sharma is the Managing Director & Chief Executive Officer of IDBI Bank. He is one of the first two private bankers to lead a state-run bank. Previously, Sharma was the MD and CEO of Lakshmi Vilas Bank and Canara Bank. He has also held several key positions at State Bank of India during his 33-year tenure with the lender. He is a seasoned banker with over three decades of experience primarily in retail and wholesale banking, corporate credit, asset liability management, loan syndication, industrial relations and human resources.

References

  1. Archived 16 February 2010 at the Wayback Machine
  2. "Metro Plus Kochi : Gentleman banker". The Hindu . 26 March 2007. Archived from the original on 6 November 2012. Retrieved 21 September 2013.
  3. "Banking Only".
  4. "Corp bank fetes 3 bank heads". Deccan Herald. 18 December 2010.
  5. . Report Junction https://www.reportjunction.com/.../Union-Bank-of-India-2007-65368.{{cite web}}: Missing or empty |title= (help)[ permanent dead link ]