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M.S.Sundara Rajan M.S.Sundararajan Born Mittur Swaminathan Sundara Rajan 8 Mar 1950 Chennai Nationality Indian Other names Soundara rajan,Sundarajan,Sondarajan,Soundararajan Ethnicity Asian Citizenship India Education M.Com, A.C.S, CAIIB Alma mater Ramakrishna Mission Vivekananda College Occupation Banking Consultant Years active 37 Known for [Banking],[Economist].[Reforms].[Credit].[leader] Home town Mittur Height 5'10" Predecessor Dr. K.C.Chakraborty Successor T.M.Bashin Spouse Mrs. Lalitha Sundara Rajan Children Arvind and Lakshmi Awards [Economic Times] - 45 Most Powerful CEO in India M. S. Sundara Rajan (Tamil: ம்.ச்.சுந்தரராஜன)் (born March 8, 1950), is an Indian banking consultant, economist and was previously the head of Indian Bank. Mr Rajan is a M.A. (Econ), CAIIB and A.C.S. He is a visiting faculty to many institutions. His core expertise is in investment banking, project finance, corporate restructuring and capital market. Mr Rajan is known to be a soft spoken and polite person. Rajan is an ardent Caranatic Music Fan and can speak in over five languages. Rajan won the Golden Peacock Award on behalf of Indian Bank on October 2009.He has been part of several key strategic initiatives at Indian Bank including launching of initial IPO, introduction of Biometric ATM and introduction of touch screen kiosk across various Indian bank branches in India. According to The Economic Times press release, Mr. Rajan is the 45th most powerful CEO in India and is ranked 14 under "Most Professional CEO" category. On 31 May 2010, Mr. Rajan has been appointed as a member to look into customer service for banks by RBI. Contents 1 Early life 2 Early career 3 Later career 4 Indian Bank 5 Contributions 6 Personal life 7 Profile References 8 References 9 Notes Early life Born in Chennai, Tamil Nadu, Mr. Sundara Rajan did his school at the prestigious P. S. Senior Secondary School, Chennai. He is an alumnus of one of Chennai's finest colleges, the Ramakrishna Mission Vivekananda College in Mylapore,Chennai. Mr. Rajan joined the Indian Bank in early 1970s. He soon quit Indian Bank and joined Union Bank of India. 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 major contributor to the banking industry with his core inclination towards credit. After joining Union Bank his first posting was at Coimbatore, where he worked as an officer for a span of two years. Soon, he was promoted and 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 being amongst the pioneers to introduce credit cards in India. With his previous credit experience, Mr.Rajan was put in charge of overseeing the initial phase of issuing over 30,000+ credit cards. The outcome was a success and the bank awarded him a new role at Union Bank’s Zonal office in Chennai. Later career In mid 1990s, the Indian industries experienced a significant growth and new government reforms like liberalization were introduced to help these industries grow further. Union Bank’s Top Management were working 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 Delhi's Industrial Finance Branch. He was later brought back to Mumbai and soon, 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. Business positions Preceded by Dr K.C.Chakraborty M.S.Sundara Rajan Chairman and Managing Director of Indian Bank 2007–March 31, 2010 Contributions The following are the key list of contributions During his tenure at Indian Bank, Rajan played a pivotal role in assisting the 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. Mr. Sundara Rajan was also instrumental in setting up Dharavi first bank within the "heart of Dharavi".[1] Lakhs of migrants who run thousands of tiny businesses there send Rs 3,000-4,000 crore every year to hometowns in Tamil Nadu and other parts of India. Indian Bank thanks to its strong network in Tamil Nadu will allow its customers to benefit deeply. On 2 April 2009, according to The Economic Times press release, Mr. Rajan is amongst the top 50 most powerful CEO's and amongst the top 20 professional CEO's in India Personal life Mr. Rajan and his family were featured on Indian National Television, Doordarshan under a show called "Vetrikku Pennal". The show focused on the life of Indian Bank CMD. Rajan lives in Chennai and is a Hindu. He is married to Lalitha, who is a native of Chennai. He has two kids , Arvind and Lakshmi. Mr. Rajan is an avid music listener.[2] He is also a sports enthusiast [1]. Mr. Rajan's wife, Lalitha has done her Post graduate in science from Mysore University . She was previously employed with Deloitte and is currently a home-maker. In the show,Lalitha had quoted that Mr. Rajan is an extremely positive human being and likes to take on challenges. The show was aired on 14 Nov 2009 (8:30 PM).Due to public demand and rise of Television Rating Point, it was re-aired on 16 Nov 2009 (3:00 PM) and on 22nd Nov 2009 (6:00 PM).Mr Rajan was recently spotted on bankconsultants [2] website. Profile References "Profile" References ^ http://economictimes.indiatimes.com/articleshow/4072669.cms ^ http://www.hindu.com/2007/11/26/stories/2007112658220500.htm Notes This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. Please help to improve this article by introducing more precise citations where appropriate. (August 2010) "Potential of e-government for reform" "A musical tribute" "Indian Bank promises promotions, recruitment drive" "Banks reduce deposit rates, say lending rates will decline" "Great Lakes Interview" "Plan to bring more bank branches under core banking solution network" "Indian Bank Financial Inclusion Program" "Banks told to lend to marginalised workers" "‘Cultivate habit of repaying bank loans promptly’" "Indian Bank launches e-learning for employees" "Indian Bank chief rules out sale of NPAs to ARC" "Indian Bank launches Touch Screen Kiosk" "500 kiosks will be set up: Indian Bank chief" "Farm loan waiver monitoring" "Indian Bank's effort in farm loan waiver" "Perambalur poised for rapid development: Raja" "Indian Bank profit rises 52 %" "Indian Bank Q1 net jumps 52%" "Wealth management service to be launched in..." "Indian bank to open 100 more branches before..." "Indian Bank to start 100 new branches" "Indian Bank to associate with NIFT-TEA" "Depreciation, tax nibble away Indian Bank's..." "Indian Bank posts 14% rise in Q2 profit to Rs..." "Indian Bank launches e-learning for employees" Indian Bank appoints MS Sundara Rajan as Chairman & MD Bank to display list of ryots eligible for debt waiver Farm loan waiver monitoring Indian Bank's effort in farm loan waiver Plan to bring more bank branches under core banking solution network ... Perambalur poised for rapid development: Raja Indian Bank Q1 profit rises 52% on growth in income Indian Bank profit rises 52 % Indian Bank Q1 net jumps 52% Stock watch Financial Express Indian Bank registers rise in loan given to SHGs Wealth management service to be launched in... Indian Bank to increase credit offtake Indian bank to open 100 more branches before... Indian Bank to start 100 new branches Exporters told to adopt best risk management practices Indian Bank to associate with NIFT-TEA Indian Bank reports all-round growth Depreciation, tax nibble away Indian Bank's... Indian Bank posts 14% rise in Q2 profit to Rs... Tax relief withdrawal will not impact home loans business, says... Bank launches new service Indian Bank launches e-learning for employees Persondata Name Rajan, M. S. Sundara Alternative names Short description Date of birth March 8, 1950 Place of birth Chennai Date of death Place of death