Mitul Shah
Head Credit
Mumbai
Overview
19
19
years of professional experience
Work History
Head Credit
IndusInd Bank
02.2025 - Current
- Senior Leadership & Strategic Governance: Chartered Accountant with 19+ years of expertise; closely collaborates with Policy Committees to formulate Risk, Credit, and Vendor policies in strict alignment with RBI Guidelines.
- Scale & Specialization: Manages a ₹9,000+ Cr PAN-India portfolio, offering deep domain mastery in the high-stakes Gems & Jewellery sector.
- Decision Authority: Member of the Credit Approval Committee, authorizing high-value exposures and complex proposals up to ₹100Cr.
- Compliance & Regulatory Oversight: Ensures 100% adherence to RBI prudential norms and internal credit policies, including the empanelment of critical external partners like Legal, Valuers, and Stock Auditors.
- International Structuring: Proven experience in designing sophisticated financial products via SPVs in Dubai and Luxembourg.
- Proactive Portfolio Management: Maintains top-tier asset quality—holding the lowest delinquency ratio for 15 years—by leveraging Early Warning Signals (EWS) and regular account monitoring to identify incipient stress.
- Sector Versatility: Hands-on risk assessment across diverse industries including Chemicals, Pharma, EPC, textiles, and FMCG.
- Leadership & Efficiency: Manages and mentors a team of 6 credit professionals while driving process re-engineering and workflow optimization
Risk Management
Yes Bank Ltd.
02.2016 - Current
- Special skill set for managing Gems & Jewellery (including Diamond) Portfolio of Rs 1500 Crs spread across 30 borrowers.
- Managing a portfolio of INR 25bn with
- Assessing proposals for corporate clients with turnovers between INR 1bn and 15bn.
- Underwriting proposals, structuring complex deals, and managing stressed assets.
- Conducting risk assessments through financial analysis and industry evaluation.
- Leading a team and managing an independent portfolio of 140 clients.
- Preparing Risk note for committee approval and highlighting risks and mitigants.
- Ensuring compliance with bank credit policies and RBI norms.
- Monitoring portfolio through early warning signals, industry analysis, and market intelligence.
- Providing strategic advice to clients on financial structuring and funding options.
Senior Credit Analyst
First Rand Bank
10.2014 - 02.2016
- Analyzed and evaluated the creditworthiness of corporate and institutional clients.
- Conducted thorough financial assessments, including cash flow and balance sheet analysis.
- Developed and implemented credit policies and risk management strategies.
- Monitored and reviewed existing credit portfolios to identify potential risks and opportunities.
- Prepared detailed credit reports and recommendations for senior management and credit committees.
- Conducted industry and market research to inform credit decisions and policy adjustments.
- Collaborated with relationship managers to tailor credit solutions to client needs.
Area Credit Manager
Bajaj Finance Ltd.
10.2012 - 10.2014
- Oversaw credit operations across multiple branches, ensuring consistency and adherence to policies.
- Evaluated and approved high-value credit applications, focusing on risk and profitability.
- Developed and executed credit strategies to drive growth while managing risk.
- Supervised and mentored a team of credit analysts, providing guidance and support.
- Conducted regular credit audits and compliance checks to maintain operational standards.
- Implemented process improvements to enhance efficiency in credit decision-making.
- Coordinated with sales and marketing teams to align credit offerings with market demand.
Credit Analyst
Kotak Mahindra Bank
11.2007 - 10.2012
- Assessed credit applications and financial statements to determine credit risk and eligibility.
- Prepared comprehensive credit reports with recommendations for approval or denial.
- Monitored and managed customer credit profiles, ensuring timely account reviews.
- Assisted in the development and refinement of credit policies and risk assessment tools.
- Collaborated with loan officers and relationship managers to streamline the credit process.
- Analyzed economic and industry trends to support credit decision-making.
- Provided insights and recommendations for improving credit procedures and reducing risk.
Education
Professional Degree - Chartered Accountancy
The Institute of Chartered Accountants of India
01-2007
Master degree - Commerce
Gujarat University
01-2006
Bachelor degree - Commerce
Gujarat University
01-2004
Skills
Problem-solving
Flexible and adaptable
Team management
Timeline
Head Credit
IndusInd Bank
02.2025 - Current
Risk Management
Yes Bank Ltd.
02.2016 - Current
Senior Credit Analyst
First Rand Bank
10.2014 - 02.2016
Area Credit Manager
Bajaj Finance Ltd.
10.2012 - 10.2014
Credit Analyst
Kotak Mahindra Bank
11.2007 - 10.2012
Master degree - Commerce
Gujarat University
Bachelor degree - Commerce
Gujarat University
Professional Degree - Chartered Accountancy
The Institute of Chartered Accountants of India