Vaddarse Prabhankar Shetty better known as V.P. Shetty is an Indian banker who retired as Chairman and Managing Director of IDBI Bank in 2007.Before joining IDBI,He was also the Chairman and Managing Director of UCO Bank and Canara Bank.[1] He began his career with Vijaya Bank.Currently he is a member of the Banking Codes and Standards Board of India.[2]
Born in a Kannada speaking Bunt family of Kundapura, Udupi district, India,V. P. Shetty is a Graduate in Commerce from Bangalore University. He started his career with Vijaya Bank in 1973 and retired as Chairman and Managing Director of IDBI Ltd. in June 2007. The positions held by him in banks include Chairman and Managing Director of UCO Bank and Canara Bank. As Chairman, IDBI, he was a member of many international bodies like Association of Development Financial Institutions in Asia and the Pacific [ADFIC], South Asian Development Fund [SADF], Association of Development and Industrial Banks in Asia [ADIBA]. He was also a Director of many public financial institutions like, Life Insurance Corporation of India, General Insurance Corporation of India, EXIM Bank etc. He was Chairman of Indian Banks' Association during 2006-07.[3][4] He has been the recipient of 'Banker of the Year -2003' Award from Business Standard Group in recognition of his successful turnaround of UCO Bank.[5]