Mavila Vishwanathan Nair

Mavila Vishwanath Nair
Mavila Vishwanathan Nair during World Economic Forum 2009.

Born 3 March 1952
Nationality India
Occupation Banker

Mavila Vishwanathan Nair (born 3 March 1952) is an Indian banker. He was one of the longest serving chairmen in the history of Indian banking, having served as chairman and managing director of Union Bank of India[1] for six years and Dena Bank for one year. He retired in March 2012 after serving the Indian banking industry for nearly four decades.

Early life and education

M.V.Nair was born the second eldest of seven siblings. Nair was born in Kasaragod, Kerala, and grew up in Mangalore, Karnataka,[2] graduating from St. Aloysius College, Mangalore. Later, he attended training workshops at the Indian Institute of Management Ahmedabad, Indian School of Business, Kellogg School of Management, and Harvard Business School.

Career

Corporation Bank (1973–2004)

Nair joined Corporation Bank as a probationary officer in 1973. He worked across Hyderabad, Guajarat, and Managlore, and was then deputed to head one bank's largest branches in New Delhi.

Early success in middle management put Nair on the bank's fast track program. He subsequently went on to head the western and central region of the bank. Both the regions were the best performing regions of the bank during his tenure.

After stints in the field, Nair was called on to set up a strategic business unit (SBU) to boost the much needed fee based income, to position Corporation Bank as a leading player in the corporate banking arena. Nair built the SBU – CAPS (Collection and Payment Services), set up the team, and branched out, launching innovative solutions to corporate customers. The strategic vision was converted into reality with the adoption of high-tech solutions, enhancing its visibility in corporate circles, and enabling the bank to forge strong relationships with leading corporates. The success of CAPS defined the emergence of Corporation Bank as a successful corporate bank in the Indian banking industry. Business from 1992–98 went from Rs. 4.50 billion to Rs. 534.50 billion (US$154 mn to US $13531 mn) with an increase in revenue base from Rs. 05.1 million to Rs. 589.0 million (UD $0.17 mn to US $14.91 mn).

Nair also headed various departments at the corporate office including CAPS, Human Resources (HR), and Risk Management.

He was subsequently elevated to Executive Director of Dena Bank.

Dena Bank (2004–2006)

Executive Director, subsequently chairman and managing director

Nair was promoted as Executive Director to Dena Bank when the bank was facing a severe challenge on the non-performing assets (NPA) front. He subsequently served as chairman and was with the bank for 2 years. Dena Bank is today one of the most successful turnaround stories in the Indian banking industry.

Union Bank (2006–2012)

Chairman and managing director

Nair joined Union Bank of India as chairman and managing director. He is credited with a number of initiatives during his tenure there.

Corporate social responsibility

Under Nair’s leadership, some of the socially important activities undertaken by the bank were:

Nair was appointed Chairman of the Indian Banks’ Association for 2009–2010. During this period, as chairman of the wage negotiation committee, IBA successfully concluded the long pending bipartite settlement with the joint forum of unions.

Personal life

Nair married Indu on 20 October 1983. They have one daughter and one son.

Contribution to the banking industry

Conferences attended

Awards and accolades

References

  1. ↑
  2. ↑ "Metro Plus Kochi : Gentleman banker". The Hindu. 26 March 2007. Retrieved 21 September 2013.