VED PRAKASH
Gurgaon
Summary
Seasoned banking professional with over 30 years of dedicated service at the State Bank of India, currently serving as EVP and Head of Internal Audit at SBI Card. Expertise includes internal audit, SME and retail banking, digital transformation, and risk management, with a proven track record in executing complex audits, launching innovative digital platforms, and resolving large-scale NPAs. Skilled in strategic planning, operational management, and team leadership, leveraging comprehensive business acumen to drive organizational success and foster growth. Committed to aligning corporate goals with actionable strategies to achieve measurable outcomes while delivering exceptional governance and compliance results.
Overview
7
7
years of professional experience
1
1
Certification
Work History
Executive Vice President & Head – Internal Audit
SBI Card
01.2023 - Current
- Stabilized internal audit function at SBI Card, bringing audits in-house from previously outsourced arrangements
- Built a robust audit team and delivered timely risk assessments
- Successfully led annual planning and execution of audits across verticals
- Regularly appreciated by the Audit Committee for quality and impact of audit findings
- Fostered culture of innovation, encouraging development and implementation of new operational strategies.
- Served as a key spokesperson for the organization at industry events and conferences, showcasing thought leadership while fostering strategic connections with potential partners.
- Enhanced operational efficiency with implementation of cutting-edge technology solutions across departments.
Deputy General Manager | GBSSU
State Bank of India
07.2021 - 01.2023
- Managed EPFO collections across 15 banks – grew from ₹95,183 Cr to ₹1,02,701 Cr in FY21-22
- Oversaw ₹7,000 Cr in deposits, ₹1,32,414 Cr in EPFO payments with 100% retention
- Earned ₹175 Cr commission vs. ₹110 Cr target through proactive engagement with EPFO and Circle officials
- Commission from Autonomous Bodies: ₹332 Cr vs. ₹286 Cr target through enhanced digital product penetration
- Streamlined operations by identifying inefficiencies and implementing process improvements.
- Coordinated efforts between departments for seamless execution of projects, increasing overall success rates.
- Maintained qualified staff and communicated areas of accountability and expected performance.
- Employed best practices and management controls to provide superior service to internal and external customers.
- Ensured compliance with relevant regulations by developing robust policies and procedures.
- Managed multiple projects simultaneously while maintaining focus on meeting key milestones.
Deputy General Manager | SME & ME (GSS)
State Bank of India
06.2019 - 07.2021
- Achieved ₹3,838 Cr in SME loan disbursements via Contactless Lending Platform
- Launched e-Mudra platform on 14 Aug 2019 – over 10,000 loans sanctioned; awarded ‘Best Innovative Product’ by IBA
- Spearheaded PMSVANIDI disbursement – 7.86 lakh applications, ₹36,500 Cr sanctioned (75% of budget)
- Facilitated cross-functional collaboration to drive successful project completion within deadlines.
- Championed the adoption of new technologies, streamlining workflows and enhancing overall efficiency.
- Developed and implemented strategies to increase sales and profitability.
- Drove year-over-year business growth while leading operations, strategic vision, and long-range planning.
- Trained and guided team members to maintain high productivity and performance metrics.
- Mentored junior team members, contributing to their professional growth and development.
Deputy General Manager | Mumbai Metro Module
State Bank of India
06.2018 - 05.2019
- Oversaw 126 branches across Retail, Housing, and SME
- Recovered ₹6.5 Cr from fraudulent car loan account; auctioned 100+ vehicles
- Facilitated disbursal of 3,000 housing loans through borrower engagement and compliance focus
- Monitored financial performance, set budgets and controlled expenses to provide financial stability and long-term organizational growth.
- Reported issues to higher management with great detail.
- Trained and guided team members to maintain high productivity and performance metrics.
- Facilitated cross-functional collaboration to drive successful project completion within deadlines.
Education
B.Com -
01.1988
Skills
- Internal Audit Leadership
- Risk Management & Compliance
- SME & Retail Credit
- Digital Lending Platforms
- Strategic Governance
- Financial Recovery & Fraud Control
- Cybersecurity Controls
- Stakeholder Engagement & Team Leadership
- Strategic planning and execution
- Data-driven decision making
- Operations management
- Leadership training
- Strategic planning
- Industry networking
Certification
- CAIIB (Both Parts)
- Advanced Wealth Management Course (PGDFA) – IIBF
- Certificate in AML & KYC – IIBF
- MSME Finance for Bankers – IIBF
- International Trade Finance – IIBF
- AMFI Mutual Fund Certification
- Diploma in Home Loan – IIBF
- Diploma in Generalist Human Resource Management
Training
- Modern Internal Audit Leadership
- Enterprise Governance and Risk
- Financial Risk Management – FRM Principles
- Operational Excellence & Quality Management
- Cybersecurity (GRC, Defender Vulnerability Management)
- Forecasting & Financial Modelling
- Regression Analysis, Network Forensics
Employment History
- Joined State Bank of India as Probationary Officer on 16 June 1994
- Entire career in State Bank Group, demonstrating loyalty, leadership, and continuous growth
Vigilance/Disciplinary Status
No disciplinary or vigilance cases pending or contemplated.
Timeline
Executive Vice President & Head – Internal Audit
SBI Card
01.2023 - Current
Deputy General Manager | GBSSU
State Bank of India
07.2021 - 01.2023
Deputy General Manager | SME & ME (GSS)
State Bank of India
06.2019 - 07.2021
Deputy General Manager | Mumbai Metro Module
State Bank of India
06.2018 - 05.2019
B.Com -
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