Jul 19, 2013
Mumbai July 5th 2013 - Shri M. S. Raghavan has assumed charge as Chairman and Managing Director of IDBI Bank today. Prior to the current assignment, Shri Raghavan was posted as Executive Director, Bank of India, with effect from January 1, 2012. Born on June 8, 1955, Shri Raghavan, a science graduate and a post-graduate diploma holder in Management and Financial Management, joined the Indian Overseas Bank (IOB) as a Probationary Officer on October 11, 1976 and held several distinguished positions in the Bank's hierarchy. In a career spanning 36 years with IOB, Shri Raghavan held important positions in the areas of Credit, Operations and Information Technology.
Shri Raghavan's professional expertise encompasses the areas of Human Resources Management, Risk Management, Corporate Credit, Information Technology and Compliance. In fact, during his long and distinguished stint as General Manager, IT in Indian Overseas Bank, the Bank inter alia implemented Core Banking Solution across all its Branches.
Shri Raghavan's contribution to the banking system, especially with regard to IT, is widely acclaimed by the banking fraternity. IBA and IDRBT have nominated him on various committees of their organizations to tap his vast and diversified experience in the banking sector. At present, Shri Raghavan is a member of:
a) Working Group on Model e-governance Plan for IBA under Department of Financial Services
b) IBA Committee on Payment Systems & Banking Technology for the year 2012-13
c) Core Group of IDRBT Financial Services Technology Consortium
d) Executive Board of IDRBT Indian Banks Technology Consortium
Re-disseminated by The Asian Banker