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Rakesh Sharma (banker)

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Rakesh Sharma
Born (1958-07-02) July 2, 1958 (age 65)
NationalityIndian
OccupationMD & CEO of IDBI Bank
Children2

Rakesh Sharma (born 2 July 1958) is an Indian banker who is the Managing Director & Chief Executive Officer of IDBI Bank.[1] Sharma was the MD and CEO of Lakshmi Vilas Bank and Canara Bank. He has also held positions at State Bank of India during his 33-year tenure with the lender.[2]

Career[edit]

Sharma started his career with State Bank of India (SBI) as a probationary officer in 1980 and served the bank till 2014. His last position in SBI was that of Chief General Manager for Patna Circle, comprising Bihar and Jharkhand.[3] Sharma has also held portfolios including lending to mid-corporate accounts in Andhra Pradesh region and supervising retail operations in the states of Rajasthan, Uttarakhand and Western UP.[4] Earlier, he served as Chief Executive Officer of SBI Japan where he steered and directed operations of SBI branches in Tokyo and Osaka.[1]

Sharma joined Lakshmi Vilas Bank (LVB) as the MD and CEO in March 2014. He helmed Lakshmi Vilas Bank's rapid growth, as well as internal governance and mobile banking.[3]

Sharma joined Canara Bank in September 2015 as part of Government of India's Mission Indradhanush to revive public sector banks. He has led reorganisation drive at the bank moving from a three-tier to a four-tier organisation structure.[5] Sharma has raised capital for the bank through stake sales and by monetising the bank's investments in its subsidiaries such as Can Fin Homes.[6]

Additional positions held[edit]

  • Sharma is the Non-Executive Chairman of Canara Bank Securities Ltd. (CBSL)[7]
  • Non-Executive Chairman of Canbank Computer Services Limited (CCSL)[8]
  • Non-Executive Chairman of Canbank Factors Ltd.[9]
  • Associate Director of Canara Robeco Asset Management Company Ltd.[10]
  • Director of Canbank Venture Capital Fund Ltd (CVCFL)[11]
  • Chairman of the Sub-Committee of the Indian Banks’ Association representing 11th Bipartite settlement for Wage Revision[12]
  • Chairman of the Working Group on Credit Growth for Gyan Sangam[13]
  • Member of the Governing Council of Indian Institute of Banking & Finance[14]
  • Member of the Governing Board of Institute of Banking Personnel Selection[15]
  • Member of the Managing Committee of the Indian Banks’ Association[16]

Awards received[edit]

Sharma received National Award for Excellence in lending to MSME, Micro Enterprises and PMEGP conferred on Canara Bank and presented by Hon’ble Prime Minister Shri Narendra Modi in 2016.[17]

References[edit]

  1. ^ a b "Rakesh Sharma is new MD & CEO of IDBI Bank". @mc. Retrieved 2018-10-11.
  2. ^ "In a first, two private bank execs in race to head PSBs - Times of India". The Times of India. Archived from the original on 2016-03-25. Retrieved 2018-06-28.
  3. ^ a b "These Two Pvt Sector Bank Execs Are Taking A Pay Cut To Make Government Banks Successful". indiatimes.com. Archived from the original on 2018-09-17. Retrieved 2018-06-28.
  4. ^ Mehta, Sangita; Sinha, Shilpy (2015-08-19). "Meet the five persons tasked with reviving public sector banking in India". The Economic Times. Archived from the original on 2018-09-17. Retrieved 2018-06-28.
  5. ^ "Canara Bank moves to 4-tier structure". @businessline. Retrieved 2018-06-28.
  6. ^ "Sold 26 lakh shares in Care Ratings for Rs 431 crore: Rakesh Sharma, Canara Bank". The Economic Times. 2017-07-04. Archived from the original on 2017-09-12. Retrieved 2018-06-28.
  7. ^ "Canara Bank Securities Ltd". www.canmoney.in. Archived from the original on 2016-01-29. Retrieved 2018-06-28.
  8. ^ "CCSL". ccsl.co.in. Archived from the original on 2018-08-30. Retrieved 2018-06-28.
  9. ^ "Welcome To Canbank Factors Ltd". www.canbankfactors.com. Archived from the original on 2018-01-17. Retrieved 2018-06-28.
  10. ^ "Canara Robeco | Asset Management Company - Buy Mutual Fund Online". www.canararobeco.com. Archived from the original on 2018-08-22. Retrieved 2018-06-28.
  11. ^ "WELCOME TO CANBANKVENTURE". canbank.vc. Archived from the original on 2018-09-02. Retrieved 2018-06-28.
  12. ^ "Wage talks: IBA, staff unions agree to disagree on most outstanding issues". @businessline. Retrieved 2018-06-28.
  13. ^ "Bank revamp: Govt ropes in private players for ideas". The Indian Express. 2016-03-05. Archived from the original on 2017-06-06. Retrieved 2018-06-28.
  14. ^ "IIBF". www.iibf.org.in. Archived from the original on 2018-08-31. Retrieved 2018-06-28.
  15. ^ ":: Welcome to IBPS ::". www.ibps.in. Retrieved 2018-06-28.
  16. ^ "Indian Banks Association - Managing Committee" (PDF).
  17. ^ "MSE lending award for Canara Bank". @businessline. Retrieved 2018-06-28.
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