Rakesh Raveendran
Bangalore
Summary
Experienced banking and finance professional with a demonstrated aptitude to achieve organization goals under high stress environments. Over 15 years of work experience spread over varied segments of finance sector such as Rating Agencies (industry research), NBFCs and banks. Have worked at and covered multiple geographies such as Mumbai, Karnataka, Andhra Pradesh/Telangana, Kerala. Extensive experience of Wholesale Credit across multiple segments ranging from SMEs to Large Corporates covering varied industries.
Overview
19
19
years of professional experience
Work History
Deputy Vice President and Credit Approver – Wholesale Credit
HDFC Bank Ltd
02.2018 - Current
- Managing a portfolio of over Rs.100 Bn (sanctioned limits) spread over 100 clients (March 2024) with a team of 2 credit managers.
- Ensured that there is not a single NPA in cases onboarded by me over the past 6 years through constant and intensive credit monitoring.
- Demonstrated ability to take correct credit decisions in a high volume and high pressure work environment with extremely aggressive TATs.
- Evidenced ability to identify early warning signals and take corrective actions by way of exposure reduction or exit.
- Maintained high intensity of client meetings (average of over 20 a month) to ensure control on portfolio.
- Covering varied sectors across Readymade Garments, machine tools, steel product manufacturers, EPC contractors, agricultural products traders, aerospace components etc.
- Achieved one grade promotion (AVP to DVP) and one functional promotion (got promoted to Team Leader) basis performance over the past 6.5 years.
Credit Approver, Credit & Risk – Corporate Finance
Hero FinCorp Ltd
08.2015 - 01.2018
- Managed a portfolio of Rs.3.80 Bn spread over 30 clients covering Karnataka, Tamil Nadu and Kerala.
- Zero NPAs in the portfolio during period of service.
- Assessed and recommended credit proposals for Mid-Market Enterprises (turnover ranging from Rs.1 Bn upwards)
- Assessed credit notes submitted by RM/analyst for credit worthiness and in case satisfied, recommended the same to Credit Committee of the organization
- Responsible for presenting the proposal to Credit Committee along with the RM and ensuring sanction.
- Continuous monitoring to ensure satisfactory account conduct and compliance with sanction terms.
Senior Manager, Credit
RBL Bank Ltd
11.2011 - 07.2015
- Preparation and submission of credit notes recommending sanction for New to Bank (NTB) cases for SME and Mid Corporate segment (turnover ranging from Rs 50 crores to Rs 1,200 crores) Submission of review notes at regular intervals for existing clients
- Constant portfolio monitoring to ensure low delinquency levels, compliance with sanction terms
- Part of team that set up commercial banking business in Bangalore and achieved book size of over Rs 250 Crores in the first two years.
Research Analyst
CRISIL Ltd
09.2008 - 10.2011
- Tracked Fertilizer (Urea, Di-ammonium phosphate (DAP), Muriate of potash etc), Natural Gas (exploration and production (E&P), gas transmission, city gas distribution Chlor Alkalies (caustic soda, soda ash and chlorine) sectors over the period of service
- Prepared and updated models to generate forecasts of industry metrics such as production, consumption, price etc
- Prepared and released regular reports such as Annual Reviews, Quarterly Reviews and Monthly Reviews to clients
- Prepared and released company reports with grading of a company as per general industry prospects, competitive position, financial performance and financial flexibility
- Interacted with company management, consultants and government personnel in order to formulate views on industry trends and outlook.
Insurance Executive
Prudential Process Management Services
03.2005 - 06.2006
- Servicing the policies of Prudential plc (U.K) i.e
- Policy holders residing in England and Scotland Valuation and transfer of plans post due diligence of documents
- Awarded the ‘Star Employee of the Month” in Prudential Process Management Services (May 2005)
Education
Post Graduate Diploma in Management - Finance (AICTE) -
SIES College of Management Studies
06.2008
Bachelor of Commerce -
SIES College of Commerce and Economics, University of Mumbai
01.2004
HSC -
Swami Vivekanand Junior College, University of Mumbai
01.2001
SSC -
Atomic Energy Central School, CBSE Board
01.1999
Skills
- Credit risk assessment
- Structuring of credit exposure
- Business/Industry analysis
- Financial analysis
- Portfolio Monitoring
Languages
English
Hindi
Ma;
Timeline
Deputy Vice President and Credit Approver – Wholesale Credit
HDFC Bank Ltd
02.2018 - Current
Credit Approver, Credit & Risk – Corporate Finance
Hero FinCorp Ltd
08.2015 - 01.2018
Senior Manager, Credit
RBL Bank Ltd
11.2011 - 07.2015
Research Analyst
CRISIL Ltd
09.2008 - 10.2011
Insurance Executive
Prudential Process Management Services
03.2005 - 06.2006
Post Graduate Diploma in Management - Finance (AICTE) -
SIES College of Management Studies
Bachelor of Commerce -
SIES College of Commerce and Economics, University of Mumbai
HSC -
Swami Vivekanand Junior College, University of Mumbai
SSC -
Atomic Energy Central School, CBSE Board
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