Summary
Overview
Work History
Education
Skills
Interests
Personal Information
Timeline
Generic

Paresh Vilas Tare

Banker
Vasai,Maharashtra

Summary

Dedicated employee with more than 19 years of experience in Banking & Finance sector. Worked in different departments of Axis Bank over the span of 17 years, providing outstanding contribution towards process reengineering and implementation of various regulatory guidelines. Excellent knowledge of operational processes and regulatory aspects.

Overview

20
20
years of professional experience
2002
2002
years of post-secondary education
3
3
Languages

Work History

Vice President

Axis Bank Ltd.
Mumbai
04.2007 - Current
  • Audit, Risk, Compliance and Process engineering- SBB/SEG Assets
  • Product Manager (Since Nov’22)- Secured Working Capital-SBB/SEG Assets (SEG Product Manager since April’25).
  • Audit and Compliance handling and resolution
  • Implementation of regulatory and audit related processes
  • Working capital Product Development and portfolio monitoring.
  • Existing process review and enhancements
  • 3 Products developed in FY25 with a total business of Rs.1200 Crores.
  • 9 new penal charges implemented in Q1 FY 25. Total penal collection in FY25 is INR 10 Crores.
  • Nil audit observation open beyond timelines for all FYs since FY23.
  • Risk score is maintained at 2.03 (Medium) for FY24. Compliance Risk Index maintained at 4.38 in FY24. (Rating score should be below 5)

Business Risk Manager (BRM) and CARO Retail Lending & Bharat Banking

Axis Bank Ltd.
Mumbai
06.2016 - 11.2022
  • Anchored CARO role for 7 assessment units under Retail Assets and Bharat Banking.
  • Handling RBI onsite audit and requirement related to business.
  • Engage with Operational Risk and Compliance team to drive and review periodic risk and control assessment.
  • Ensure timely remediation of observations raised by operational risk and control gaps identified as a part of various compliance risk assessments for retail and rural lending.
  • Acting as a first line of defense aligned to the Operational, Compliance and Financial risk management framework.
  • Framing key policies and processes, review of existing processes from internal control and risk perspective.
  • Provide rational and value added suggestions to business departments on policy and process improvements.
  • Assist in creation of Standard Operating Procedures (SOP), policies, with aims to clarify the applicability of various regulations to business units.
  • Drive end to end implementation and ensure timely completion of Regulatory directives.
  • Played active role in assisting business teams in implementation of MCLR, GST and MUDRA through changes in documentation including system changes.
  • Ensure factual business responses in the internal and various thematic audit reports.
  • Maintained 96% of the Risk in well controlled status.
  • Handled RBI audit during the stint.
  • Implementation of EBLR, Documentation and monitoring of RMP 3 ii etc.
  • Enhanced risk identification processes for early detection and mitigation of potential threats.

Team Lead - Account Closure of the Retail Loans

Axis Bank Ltd.
Mumbai
08.2015 - 06.2016
  • Closure of the Retails Loans includes the products like Retails Loans/OD FD closures/LAS closures.
  • Write off/Settlement of the Retails Loans including the Agriculture Loans Portfolio.
  • Successfully reduced the TAT for the 9 related to Account Closures which has resulted in the prompt customer service.
  • Initiated the Automated SMS alerts from Finnone system against the closure of the loans.
  • Reduced the NOC Issuance TAT from 4 days to 2 days through automation in data transfer and printing to the Vendor.
  • TAT for the proactive EMI refund post closure of the loan has been reduced to 10 days from 15 days which has resulted in reduction in complaints for the Excess EMI debited.
  • Successfully started the Automated NOC Issuance for the Agriculture and the Tractor Loans.
  • To reduce the WIP quantum during the closure of the loans due to the EMI clearance wherein the Repayment mode is ECS and NACH have started the process of the 'Stop Banking' of such loans at the presentation stage.
  • Closure of the Retails Loans through Bulk Upload.
  • Managing Account Maintenance Portfolio which includes loan account modifications related to part payment, ROI change, Interest reversal, refunds, DD cancellation for pan India retail loans.
  • Reduction in TAT and processing cases with minimal errors.
  • Handling of the FRR (rate change) activity for updating the new rates at the bank level in the Retail Loans.
  • Handled monthly monitoring of various office accounts to be reported to Central office.
  • Reconciliation of various pool accounts at macro level, and same is circulated to management & published on Bank’s internal website.
  • Root cause analysis (RCA) done for Service request tagged as complaint.

Consultant – Operations

Kotak Mahindra Bank
09.2005 - 03.2007
  • Checking the correctness of various post approval documents provided with loan application in terms of Credit, Legal and Technical and KYC norms as per policy and disbursement of the loan in system.
  • Coordinating with the customer service dept., Physical loan document verification unit (DVU), Sales teams, Credit and Concurrent Auditors for resolution of the loan related queries.
  • Tracking and maintaining of the OTC/PDD MIS.
  • Processing fees refund to rejected customers.
  • Release of NOC and original property documents of Forecloses/Terminated cases.
  • Receipt monitoring (Sport Banking, bounces, PDC reconciliations).

Education

Bachelor of Commerce -

Mumbai University

MBA PGDBA - undefined

Symbiosis Pune

Skills

Risk mitigation

Continuous process evaluation

Audit coordination

Internal controls

Operational risk management

Cross-functional collaboration

Interests

Listening to music
Driving
Travelling places
Singing
Dancing

Personal Information

  • Height: 5 feet 5 inches
  • Date of Birth: 09/28/82
  • Nationality: Indian
  • Marital Status: Married

Timeline

Business Risk Manager (BRM) and CARO Retail Lending & Bharat Banking

Axis Bank Ltd.
06.2016 - 11.2022

Team Lead - Account Closure of the Retail Loans

Axis Bank Ltd.
08.2015 - 06.2016

Vice President

Axis Bank Ltd.
04.2007 - Current

Consultant – Operations

Kotak Mahindra Bank
09.2005 - 03.2007

MBA PGDBA - undefined

Symbiosis Pune

Bachelor of Commerce -

Mumbai University

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