M S Raghavan becomes the new CMD of IDBI Bank

Moneycontrol Bureau

M S Raghavan on Friday assumed the charge as chairman and managing director (CMD) of IDBI Bank. The post was lying vacant since May 31 when the previous chairman R K Malla had demitted his office.

Must read: Court rejects IDFC Cap CEO bail plea in sexual abuse case

Prior to the current assignment, Raghavan was the executive director with the state-owned Bank of India (BoI), with effect from January 1, 2012. Before joining BoI, he was a general manager at Indian Overseas Bank (IOB) based in Chennai.

Born on June 8, 1955, Raghavan is a science graduate and a post-graduate diploma holder in management and financial management. He had joined IOB as a probationary officer on October 11, 1976.

In a career spanning 36 years with IOB, Raghavan served in important verticals like human resources management, risk management, corporate credit, Information Technology and compliance. He was credited for implementing core banking solutions at IOB.

At present, Raghavan is a member of Working Group on Model e-governance Plan for Indian Banks' Association (IBA) under Department of Financial Services; IBA Committee on Payment Systems & Banking Technology for the year 2012-13 and many others.

saikat.das@network18online.com