Mavila Vishwanathan Nair

Mavila Vishwanath Nair

Mavila Vishwanathan Nair during World Economic Forum 2009.
Born (1952-03-03) 3 March 1952
Nationality India
Occupation Banker

Mavila Vishwanathan Nair (born 3 March 1952) is the Chairman of the Credit Information Bureau of India Limited, India's largest credit bureau and the Chairman of SWIFT India (The Society for Worldwide Interbank Financial Telecommunication). He is also the Chairman of Banker's Quotient Learning Solutions Group and is an advisor to select private equity and venture capital funded companies in India.

Previously a banker, Nair 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.

Early life and education

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 trainings 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, Gujarat, and Mangalore, 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.[3] After stints in the field, Nair was called on to set up a strategic business unit to boost fee based income and to position Corporation Bank as a leading player in corporate banking. Nair set up the Collection and Payment Services (CAPS) which created a market advantage for the bank and positioned it as a leading player in corporate banking in India.[4]

Nair also headed various departments at the corporate office including CAPS, Human Resources (HR), and Risk Management.[5]

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

M. V. Nair married Indu on 20 October 1983. They have a daughter, Vidhya and a son, Aditya.

Contribution to the banking industry

Conferences attended

Awards and accolades

References

  1. ↑ Archived 16 February 2010 at the Wayback Machine.
  2. ↑ "Metro Plus Kochi : Gentleman banker". The Hindu. 26 March 2007. Retrieved 21 September 2013.
  3. ↑ "Banking Only".
  4. ↑ . Deccan Herald http://www.deccanherald.com/content/121755/corp-bank-fetes-3-bank.html. Missing or empty |title= (help)
  5. ↑ . Report Junction https://www.reportjunction.com/.../Union-Bank-of-India-2007-65368. Missing or empty |title= (help)
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