M. S. Sundara Rajan

Infobox Person
name = Mittur Swaminathan Sundararajan


caption = M.S.Sundararajan
birth_date = 8 March 1950
birth_place = Chennai
known_for = [Banking] , [Economist] . [Reforms] . [Credit]
occupation = Banker, Indian Bank
nationality = Indian

M. S. Sundara Rajan (Tamil: ம்.ச்.சுந்தரராஜன)் (born March 8, 1950), is an Indian banker, economist and head of Indian Bank, one of India's largest public sector banks.Mr Rajan is a M.A. (Econ), CAIIB and A.C.S.He possesses a typical south Indian accent and is an visiting faculty for many institutions .His core expertise is in investment banking, project finance, corporaterestructuring and capital market.Mr Rajan is a study in contrast to his predecessor KC Chakrabarty. The new Indian Bank chief is more soft spoken and polite, while Mr Chakrabarty who has moved on to head Punjab National Bank is known to be blunt.

Early life

Born in Chennai, Tamil Nadu, Mr Sundararajan did his schooling at the prestigious P. S. Senior Secondary School,Chennai. He is an alumnus of one of Chennai's finest colleges,the Vivekananda College in the Mylapore,Chennai. Mr.Rajan joined the Indian Bank in early 1970s. He soon quit Indian Bank and joined the Union Bank of India as an officer.

Early career

Mr Rajan built his career in Union Bank of India where he started off as a probationary officer and rose to the rank of general manager.Mr Sundara Rajan is seen as a contributor to the banking industry with his core inclination towards credit. After joining Union Bank his first posting was at Coimbatore, wherehe worked as an officer for a span of two years. Soon, he was promotedand was transferred to Nagamam in Tamil Nadu, where he headed the branch. Within a span of one year, he was transferred to Bangalore staff training college, Union Bank's training facility. Soon thereafter, he was posted to the Zonal Office of the bank. Union Bank's Zonal Office was going through a challenging phase at that time due to the introduction of credit cards in India. With his previous credit experience, Rajan was put in charge of overseeing the initial phase issue of 30,000+ credit cards. The bank awarded him a new role at Union Bank’s Zonal office in Chennai.

Later career

In mid 1990’s, the Indian industries experienced a significant growth and new government reforms like liberalization were introduced tohelp these industries grow further. Union Bank’s Top Management wereworking on a proposal to create a branch which could exclusively cater to the industry's needs. The outcome of this was the Industrial Finance Branch. Rajan joined the branch as the Chief Manager in 1994. With his team of 100 employees, the Industrial finance branch (IFB) made an impact in the industrial markets of Mumbai by generating larger than expected revenues. Shortly thereafter, Rajan was promoted again. He was transferred to New Delhi as the head of the bank's Industrial Finance Branch . He was later brought back to Mumbai to one of Union Banks main divisions which governes all of the branches and forms the an important part of Union Bank. Soon, he was promoted to General Manager at Mumbai Zonal office.

Indian Bank

Subsequently, he joined Indian Bank as executive director in April 2006. Credit appraisal is said to be one of his main fortes.Rajan assumed charge of the Indian Bank on June 3, 2007 as the Chairman and Managing Director. The greatest advantage Mr Rajan has as opposed to many of his predecessors is his understanding of south Indian markets. This is partly because Mr Rajan was earlier posted in Bangalore and Chennai where Indian Bank has a huge branch network.

Contributions

During his tenure there, Rajan had a pivotal role in leading Indian Bank to enter the stock market (Bombay Stock Exchange BSE) and filed its draft in the red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 1 2006, with a proposal to enter the capital market with its initial public offering of equity shares.

References

* [http://www.indian-bank.com/cmd.htm "Indian Bank - Profile of Managing Director"]
* [https://www.indbankonline.com/ar032006.pdf "Board of Directors - Indian Bank"]
* [http://www.skoch.in/html/m_s_sundara_rajan_profile_ft20.html "Profile"]