Equity Market Analysis
ASHOK KUMAR SHIVHARE
Area Credit Head
Indore
Summary
Chartered Accountant with 14+ years of experience in high-value Credit Underwriting and Risk Management for leading private banks. Managed a diversified ₹5,000 Cr ($600M) SME and Mid-Corporate portfolio with a proven track record of maintaining zero delinquency and reducing NPA slippages by 50%. Perusing IFRS 9, Basel III, and ECL modeling, with delegated lending authority for complex corporate structures.
Overview
15
15
years of professional experience
1
1
Certification
2
2
Languages
Work History
Area Credit Head
Axis Bank Limited
09.2021 - Current
- Managed a ₹5,000 Cr ($600M) SME/Mid-Corporate loan portfolio, overseeing 800+ borrowers across multiple industries.
- Achieved an industry-best TAT of 2-4 days through process optimization and automated risk controls.
- Appraised 500+ credit proposals annually with zero early mortality, contributing to 30% portfolio growth (₹900 Cr).
- Reduced NPA slippage by 50% by strengthening underwriting and risk assessment frameworks.
- Led and mentored a team of 4 Credit Managers, achieving top performance in audit scores and productivity.
- Analyzed market data to identify new business opportunities within the region, contributing to increased market share and overall revenue growth.
- Established strong communication channels between various departments involved in the credit management process, fostering better collaboration and efficiency.
- Maintained up-to-date knowledge of industry trends and regulatory changes, ensuring compliance with all applicable laws and regulations.
Area Credit Manager
HDFC Bank Limited
01.2020 - 09.2021
- Directed a ₹3,000 Cr ($350M) SME portfolio across Western UP and Uttarakhand.
- Appraised 1,200+ proposals annually, driving an incremental book of ₹1,000 Cr.
- Lowered delinquency (30+ DPD) from >3% to
- Detected and prevented mail tampering fraud, leading to improved internal controls.
- Managed a team of 10 Credit Manager across assigned area.
- Mitigated potential losses by conducting thorough due diligence on high-risk customers.
- Collaborated with sales teams to ensure alignment of credit policies and sales strategies.
Credit Risk Manager
HDFC Bank Limited
02.2012 - 01.2020
- Managed a ₹500 Cr portfolio ($60M) , reducing NPA slippage to 1/10th of peer levels.
- Reduced TAT by 5 days for legal and valuation reports through process digitization.
- Managed entire portfolio in Individual role as Credit Manager
Credit & Relationship Manager
ICICI Bank
10.2010 - 02.2012
- Handled portfolio monitoring and credit processing for 40 SME clients proposals.
- Prepared appraisal notes and coordinating with clients for credit renewals and enhancements.
- Increased client satisfaction by effectively managing credit relationships and providing tailored financial solutions.
- Expanded the client network by successfully prospecting new leads and converting them into profitable accounts.
Education
CFA Level 1 -
CFA Institute
USA01-2017
Chartered Accountant (CA) - Professional Degree
Institute of Chartered Accountants of India
New Delhi07-2010
Becholars of Commerce (Hon.) - Graduation Degree
Institute For Excellence in Higher Education
Bhopal06-2006
Skills
Underwriting Expert Knowledge
Credit risk evaluation
Policy Formulation
Portfolio management
Critical thinking
Attention to detail
Collateral evaluation
Problem solving
Research and Investigations
Team Mentoring & Management
Certification
Global Certifications (Targeted/Completed 2025): Moody’s Certificate in Corporate Credit (CICC), IFRS 9 (Deloitte), Basel III, CECL, FMVA.
Interests
Business Model Analysis
Good Governance Articles
Timeline
Area Credit Head
Axis Bank Limited
09.2021 - Current
Area Credit Manager
HDFC Bank Limited
01.2020 - 09.2021
Credit Risk Manager
HDFC Bank Limited
02.2012 - 01.2020
Credit & Relationship Manager
ICICI Bank
10.2010 - 02.2012
CFA Level 1 -
CFA Institute
Chartered Accountant (CA) - Professional Degree
Institute of Chartered Accountants of India
Becholars of Commerce (Hon.) - Graduation Degree
Institute For Excellence in Higher Education
ACCOMPLISHMENTS & INTERESTS
- Portfolio Quality: Ensured Zero DPDs and Zero Quick Mortality across all managed portfolios.
- Equity Research: Achieved an XIRR of 23% in self-managed equity portfolios over 8+ years.