RUCHI NANDA
New Delhi
Summary
With over two decades of expertise in credit risk management, CFA & MBA (Finance). Since August of 2019, I am Serving as the Credit Head for North & East Commercial Lending at Bajaj Finance Ltd. In my current position, I actively participate in the development of Bajaj Finance Ltd.'s Commercial Lending business's credit strategy, program, policies, risk appetite, risk procedure, etc. Prior to this, I worked for IDFC Bank for more than 4 years, during which time I had the opportunity to build policies, procedures, and credit programs, among other things, as well as to create an overall risk culture. This gave me platform to leverage the experience gained over the years. In my 8 years stint with HDFC Bank from 2007 I undertook risk role for various verticals such as Business Banking, SME, Mid- Corporates & Large Corporates. My achievements as a risk and portfolio manager have been underwriting risk for worthy credit prospects and building/managing a portfolio yielding consistent return on risk capital and minimize credit losses for the organization.
Overview
19
19
years of professional experience
Work History
Head, North & East, Credit & Risk, Commercial Lending
Bajaj Finance Limited
08.2019 - Current
- Leading team of 6-7 credit underwriters, responsible for credit evaluation, underwriting and decision of approximately 40 proposals per month for Mid & Large Corporate Team for North & East region
- Developed and stabilized credit process, systems, early warning mechanism, MIS etc.
- Ensured portfolio quality within budgeted credit cost through right acquisition and robust monitoring framework
- Identification and driving various strategic initiative to strengthen credit framework and for improving level of operational efficiency through process automation and digitization
- Built strong risk culture which ensured that there is no surprise in portfolio originated.
- Excellent communication skills, both verbal and written.
Associate Director-2, Credit & Risk, Wholesale Banking Group
IDFC First Bank Limited
07.2015 - 07.2019
- Credit Approver covering Emerging Corporate and Large Corporate
- This covers companies with turnover starting from Rs 250 Cr
- Handling credit risk for North India
- Assessing various risks involved in a credit proposal such as management, business, financial, industry risk and identifying suitable mitigants at time of decision
- Provide insightful analysis of portfolio and to review performance with Business to ensure healthy portfolio growth
- Involved in framing Credit Manual and various policies for Wholesale Banking business segments
- Involved in developing and streamlining credit process, systems, early warning mechanism, MIS etc.
- Designed training module for Newly Joined in Wholesale Banking Risk and Relationship team.
AVP, Credit & Risk, Large Corporate Group
HDFC Bank Limited
06.2013 - 06.2015
- Assessing various risks involved in credit proposals such as management, business, financial, industry risk and identifying suitable mitigant at time of decision of cases
- Ensuring fast turnaround on credit proposals to meet customer expectations
- Handled clients across various industries like auto ancillaries, agrochemicals, telecom, IT, engineering, FMCG, pharmaceuticals, paper, cement etc.
- Handled credit risk for North India with portfolio of over Rs 13,000 Crores.
- Ensure that quality portfolio is build-up & regular monitoring of accounts to reduce delinquency.
AVP, Credit & Risk, Emerging Corporate Group
HDFC Bank Limited
07.2011 - 05.2013
- Assessing various risks involved in credit proposals such as management, business, financial, industry risk and identifying suitable mitigants at time of decision of cases
- Handled clients across various industries like hospitality, auto ancillaries, engineering, power distribution & transmission, jewelers, education, contractors, chemicals, Petrochemicals, entertainment, service sector etc.
- Ensure that quality portfolio is build-up & regular monitoring of accounts to reduce delinquency
- Handed credit risk for Delhi NCR, Punjab & Part of Rajasthan.
Senior Manager, Wholesale Credit Risk, Business Banking Group
HDFC Bank Limited
02.2007 - 07.2011
- Assessing various risks involved in credit proposals such as management, business, financial, industry risk etc.
- Prior to decision of case within defined TAT's
- Handled clients across various industries like auto ancillaries, engineering, jewelers, export houses, chemicals, plastics, garments, traders, commission agent, Dal Mills etc.
- Ensure that quality portfolio is build-up & regular monitoring of accounts to reduce delinquency
- Reviewing performance of lawyers and valuers to protect bank's interests
- Training to CPAs to improve proposal writing skills.
Deputy Manager, SME & Corporate Credit
IndusInd Bank Limited
12.2005 - 01.2007
- Holds distinction of identifying and adding new clients
- Instrumental in obtaining total amount of Rs 100 Crores worth of fresh proposals for reputed clients apart from review of limits enjoyed by existing clients
- Handled clients across various industries like, pharmaceuticals, export houses, garments etc.
- Handled business worth Rs 500 Cr including fund & non-fund-based credit requirements
- Identifying customers & customizing product offerings based on their specific needs, cost of funds & business objectives.
Management Trainee
Oriental Bank of Commerce
06.2005 - 11.2005
- Handled imports, non-imports, exports, pre shipment & post shipment finance, foreign remittances, Letter of Credits, SWIFT and regulatory aspects approximately 30 per days
- Helped credit appraisal team in assessing credit requirement of clients, appraisal of new proposals, credit grading, review of existing limits and operational activities
- Successfully completed project to optimize return on Savings account portfolio, tariff planning for various schemes and comparison with competitors.
Education
CFA program -
CFA Institute
United State06.2011
MBA - Finance & Marketing
International Management Institute
New Delhi05.2004
Bachelor of Science - BSc (Hons) Biochemistry
Daulat Ram College, Delhi University
New Delhi04.2001
Skills
- Crafting Risk & Credit Policy
- Strong Analytical Skills
- Risk management
- Credit Risk assessment & Decision making
- Transaction structuring
- Portfolio management
- Excellent People Management
- Interpersonal skills
- Fluent Written & Oral Communication Skill
Accomplishments
- 2023, Received Heroes Award, Bajaj Finance Limited
- 2023, Promoted, NCM – NCH, Bajaj Finance Limited
- 2020, Received Heroes Award, Bajaj Finance Limited
- 2020, Received Kudos Award, Bajaj Finance Limited
- 2023, Promoted, Manager -SM, HDFC Bank Limited
- 2023, Promoted, SM – AVP, HDFC Bank Limited
Scholasticaccomplishments
- Ranked 9th in MBA from International Management Institute.
- Gold Medal from Delhi University for obtaining highest marks in the University, for batch 1998-2001.
- Merit Scholarship from Daulat Ram College in 1st and 2nd year.
- Merit Scholarship from Mira Model School in year 1996 and 1997.
Timeline
Head, North & East, Credit & Risk, Commercial Lending
Bajaj Finance Limited
08.2019 - Current
Associate Director-2, Credit & Risk, Wholesale Banking Group
IDFC First Bank Limited
07.2015 - 07.2019
AVP, Credit & Risk, Large Corporate Group
HDFC Bank Limited
06.2013 - 06.2015
AVP, Credit & Risk, Emerging Corporate Group
HDFC Bank Limited
07.2011 - 05.2013
Senior Manager, Wholesale Credit Risk, Business Banking Group
HDFC Bank Limited
02.2007 - 07.2011
Deputy Manager, SME & Corporate Credit
IndusInd Bank Limited
12.2005 - 01.2007
Management Trainee
Oriental Bank of Commerce
06.2005 - 11.2005
CFA program -
CFA Institute
MBA - Finance & Marketing
International Management Institute
Bachelor of Science - BSc (Hons) Biochemistry
Daulat Ram College, Delhi University
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