Banking, in the competitive world of today, is faught with difficulties and challenges, and a banker needs to be dynamic, dedicated, efficient, and energetic to steer the bank on the way to progress. Mairpady Narendra is one of those dynamic bankers who have steered their banks to greater heights by sheer dedication and hard work. In a recent interview in Mangalore, Mr. Narendra said that he took over as the chairman of Indian Overseas Bank (IOB) at the beginning of November 2010, following which he visited the chief minister of Tamil Nadu and provided Rs. 1 crore for the CM’s relief fund.
M Narendra, Chairman, Indian Overseas Bank
The Mangalore-born Mr. Narendra graduated in commerce and later in law from the University of Mysore in 1974 and 1977, respectively. In 1979, he became a certified associate of the Indian Institute of Bankers.
His long and fruitful banking career commenced when he joined Corporation Bank in 1975 as an office trainee, following which he served Corporation Bank in various ways throughout a career of 33 years. He has done extensive work in the fields of credit policy, credit monitoring, risk management, treasury, international banking, and economic research. He also served as the head of the branch in various posts from manager to assistant general manager in various branches all over India.
The Outstanding Performance Award was conferred on him when he was in-charge of the Delhi region of Corporation bank. He even served as the member of the Chairman’s Club for 8 years and has bagged several super ordinate goal awards. Mr. Narendra has also received a number of corporate awards when he was in Corporation Bank. He was the general manager of Corporation Bank before taking over as the executive director of Bank of India in 2006, the year in which the Bank of India, one of the leading public sector banks in India, celebrated its centenary.
Widely acclaimed for his positive attitude, Mr. Narendra has successfully handled multiple assignments under high pressure and strived to meet deadlines. He enjoys working in a challenging environment. Mr. Narendra, who had been a member of the Technical Advisory Committee on Money, Foreign Exchange, and Government Securities Market of Reserve Bank of India, has also served as a member of Basle-II Implementation and Risk Management Committee of Indian Banks Association.
Speaking about the bank’s further plans for development, he said that the IOB plans to establish branches in Mangalore, Shirva, Suratkal, Udupi, Moodubidri, Puttur, Kinnigoli, Karkala, and other places. The IOB will focus on Naxal-infested and backward village areas and will provide funds of Rs. 5 lakh to Wenlock Hospital for the purchase of emergency medical equipment.
Mr. Narendra said that the IOB plans to open another branch in Mangalore soon, making a total of 5 branches in Mangalore, 84 branches in Karnataka, 2015 branches in India, and 900 ATMs.
Regarding the bank’s achievements, Mr. Narendra said that the bank has made a profit of Rs. 2.06 lakhs and plans to achieve a target of Rs. 2.50 lakhs, 3000 branches, and 3000 ATMs by the end of March 2011. The bank also aims to function according to the ideals of its founder Mr. Chidambar Shetty, who established it in 1937.
Under the leadership of M. Narendra, the bank plans to establish many more international branches and to become a people friendly bank.