AMRITA SINGH PARMAR
New Delhi
Summary
Highly accomplished banking professional with 7 years of experience in banking industry, seeking a challenging consulting assignment focused on MSME and industry development. Demonstrating exceptional managerial, conceptual, advisory, monitoring, and analytical abilities, I aim to leverage my expertise to drive strategic growth and deliver impactful solutions for clients. Managerial- Proven track record of leading teams, project management and fostering a collaborative working environment. Advisory-Expertise in providing strategic advice to clients, guiding them in making informed decisions. Analytical- Highly skilled in analyzing financial data, conducting marketing research, and identifying trends. MS Office- Strong control over computer.
Overview
7
7
years of professional experience
Work History
Deputy Manager
HDFC Bank
11.2021 - Current
- Leading a team of 8 banking professionals in managing and analyzing complex financial data for clients in MSME sector
- Handled and supervised in lending to SHG’s as per prescribed rates and scheme specified under DAY-NRLM by Ministry of Rural Development (MoRD) and Government of India
- Collaborated with cross-functional teams to develop innovative financial products and services to cater to the unique needs of MSMEs
- Delivered strategic insights to senior management, enabling them to streamline business processes, reduce operational costs and achieve organizational objectives
- Tracking of grants/funds/subsidies from the Government for implementation of specific scheme or project in customer account
- Responsible to ensure accurate tranche disbursement to students enrolled under “Education Loan Future Banker Program.”
- Developed and implemented tailored strategies to foster MSME development resulting in a 10% increase in client revenue and profitability
- Verification of Complete set of Documents & Approvals in place for disbursement as per new scheme Details received and Authorization in System
- ESCROW account sweep out maintenance
- Eliminated functional bottlenecks by streamlining communication channels between management and employees
- Supervising Team in Tracking of Pre & post disbursement of Documents in core system
- End to end Allocation of funds basis Disbursement done and reconciliation of reports
- Responsible for daily health check to ensure correct and timely process outflow and updation
- Responsible for preparation of MIS, financial reports for Banks internal and departmental usage.
Gold Loan Officer
Axis Bank ltd
06.2021 - 11.2021
- Disbursal of Loan against Gold to Customer as per Credit Approval and LTV
- Conducted thorough market research and competitor analysis to guide clients in making the right decision
- Assisting Customer and Bank empaneled Valuer in Valuation of Gold
- Collection, Verification of KYC & Execution of all Documents
- Ensuring disbursal of Loan within stipulated TAT
- Taking care of Fresh Disbursement, Renewal and Closure request of Loans
- Support aiding in Auction of Gold, Death claims
- Providing reports to Audit Team
- Conducted workshops and training sessions for internal staff and clients on industry best practices and banking solutions, contributing to knowledge sharing and skill development
- Customer Relationship, satisfaction, and sourcing of business
- Responsible for Safe keeping of gold ornaments & Custodian of Vault Key.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
Assistant Manager
Kotak Mahindra Bank ltd
07.2017 - 04.2021
- Providing of the Working Capital limits to clients as per Legal Grid & Guidelines
- Provided expert advisory services to clients, identifying growth opportunities, optimizing operations, and enhancing overall financial performance
- Supervising team in verification/checking of all Loan documents if is complete and thoroughly executed.
- Mentored team members to enhance professional development and accountability in workplace.
- Successfully managed and executed financial and risk assessment projects for a diverse client, ensuring compliance with industry regulation and guidelines
- Preparation of reports, manuals, and presentation
- Assisted in organizing and overseeing assignments to drive operational excellence.
- Ensuring compliance of pre/post disbursal terms and conditions aligned to bank's internal policies and Sanctioned terms
- End to end Creation & tracking of deferrals while pre/post disbursal of Limits
- Checking of Joint Security Documentation/Consortium Documentation /issuing Letter of Authority to other banks for creation of joint security/charge
- Security/Mortgage creation on assets for perfection of security and filling/registration of charge with ROC/MCA/CERSAI
- Issuance of No objection certificate/Pari passu letters for various securities and facilities
- Close tracking & coordination with all stakeholders for Pending documents in adherence to Credit Compliance
- Handling audit issues/observations raised by audit teams
- Updating of various MIS/Financial reports for Bank departmental usage.
- Supervised day-to-day operations to meet performance, quality and service expectations.
Phone Banking Officer
HDB Financial Services Ltd
09.2016 - 05.2017
- Provided advice on bank products and services benefiting clients needs and financial growth
- Helped customers complete online banking services and assisted with user access problems such as forgotten passwords
- Managed leads and referrals for prospects interested in specific bank products such as loans and credit cards
- Evaluated viability of funding sources and destinations to proactively detect fraud
- Providing resolution to Customer Queries and Complaints
- Handling escalation and providing resolutions
- Responsible to monitor Quality check of Customer handling and assistance provided
- Quality Standards- Delivering quality output.
- Upheld strict security procedures to verify identities when completing actions for members and giving out private banking information.
- Developed and maintained strong knowledge of multiple products and varying levels of benefits within each product.
- Networked to identify potential new clients and expand geographic territories.
- Used CRM system daily to maximize service opportunities and enhance communication.
Education
MBA -
IMT Ghaziabad
Ghaziabad, U.P2021
B.com -
Jiwaji University
Gwalior, M.P2013
12th - CBSE Board
Central Academy
Gwalior, M.P2009
10th - CBSE Board
D.A.V Public School
Sawang, Jharkhand2007
Skills
- Communication
- Conceptual- Strong ability to grasp complex financial concepts and translate them into practical approach
- Monitoring- Proficient in identifying areas of improvement and in monitoring financial performance and KPIs
- Operational Efficiency-Ability to present cost effective output within time
- Quick Decision-Making Abilities
- Loans
Hobbies
Reading stories
Cooking
Playing badminton
Languages
Hindi
English
Additional Information
Father's Name: Shri. Binod Kumar Singh
Date of Birth: 06-07-1992
Nationality: Indian
Marital Status: Unmarried
Timeline
Deputy Manager
HDFC Bank
11.2021 - Current
Gold Loan Officer
Axis Bank ltd
06.2021 - 11.2021
Assistant Manager
Kotak Mahindra Bank ltd
07.2017 - 04.2021
Phone Banking Officer
HDB Financial Services Ltd
09.2016 - 05.2017
MBA -
IMT Ghaziabad
B.com -
Jiwaji University
12th - CBSE Board
Central Academy
10th - CBSE Board
D.A.V Public School
Similar Profiles
KAMALA SUBRAMANIANKAMALA SUBRAMANIAN
Senior Vice President and Unit Head at HDFC Bank Limited, HDFC BankSenior Vice President and Unit Head at HDFC Bank Limited, HDFC Bank
Jignesh PatelJignesh Patel
Relationship Manager at HDFC Sales Pvt. Ltd. (Group Company Of HDFC Bank)Relationship Manager at HDFC Sales Pvt. Ltd. (Group Company Of HDFC Bank)
Prodip SahaProdip Saha
Collection Officer at HDFC Bank, Bajaj Finance, Axis Bank, IDFC BankCollection Officer at HDFC Bank, Bajaj Finance, Axis Bank, IDFC Bank
Rajan GargRajan Garg
Assistant Manager at HDFC Bank LTD (HDFC Sales Pvt Ltd)Assistant Manager at HDFC Bank LTD (HDFC Sales Pvt Ltd)
Manav SaxenaManav Saxena
Technical Lead at Digicommerce Solution LLPTechnical Lead at Digicommerce Solution LLP