Rakesh Sharma (banker)
Rakesh Sharma | |
|---|---|
| Born | July 2, 1958 India |
| Occupation | Banking professional |
| Years active | 1980–present |
| Known for | Managing Director and CEO of IDBI Bank, former MD and CEO of Lakshmi Vilas Bank and Canara Bank |
Rakesh Sharma (born 2 July 1958) is a distinguished Indian banking professional currently serving as the Managing Director and Chief Executive Officer of IDBI Bank. Prior to this, he held the positions of MD and CEO at both Lakshmi Vilas Bank and Canara Bank, and completed a notable 33-year career at State Bank of India in various senior leadership capacities.
Career
Sharma commenced his banking journey with State Bank of India (SBI) in 1980 as a probationary officer. He retired in 2014 as Chief General Manager for the Patna Circle, responsible for operations in Bihar and Jharkhand. His experience spans overseeing mid-corporate lending in Andhra Pradesh as well as managing retail banking functions in Rajasthan, Uttarakhand, and Western Uttar Pradesh. Additionally, he served as the CEO of SBI Japan, managing the bank’s branches in Tokyo and Osaka.
In March 2014, Sharma took charge as MD and CEO of Lakshmi Vilas Bank, where he spearheaded significant growth initiatives, enhanced corporate governance, and expanded mobile banking services.
In September 2015, under the Government of India's Mission Indradhanush aimed at revitalizing public sector banks, Sharma joined Canara Bank as MD and CEO. During his tenure, he implemented a structural reorganization from a three-tier to a four-tier system. He also facilitated capital augmentation by divesting stakes and leveraging investments in subsidiaries such as Can Fin Homes.
Additional positions held
- Non-Executive Chairman of Canara Bank Securities Ltd. (CBSL)
- Non-Executive Chairman of Canbank Computer Services Limited (CCSL)
- Non-Executive Chairman of Canbank Factors Ltd.
- Associate Director at Canara Robeco Asset Management Company Ltd.
- Director on the board of Canbank Venture Capital Fund Ltd (CVCFL)
- Chairperson of the Sub-Committee for the 11th Bipartite Wage Revision settlement under the Indian Banks’ Association
- Head of the Working Group on Credit Growth for Gyan Sangam
- Member of the Governing Council at the Indian Institute of Banking & Finance
- Governing Board member of the Institute of Banking Personnel Selection
- Part of the Managing Committee within the Indian Banks’ Association
Awards received
In 2016, Sharma was honored with the National Award for Excellence in lending to MSMEs, Micro Enterprises, and PMEGP, an accolade presented to Canara Bank by Prime Minister Shri Narendra Modi.