V. P. Shetty
Encyclopedia
Vaddarse Prabhankar Shetty better known as V.P. Shetty is an India
n banker who retired as Chairman and Managing Director of IDBI Bank
in 2007.Before joining IDBI,He was also the Chairman and Managing Director of UCO Bank
and Canara Bank
. He began his career with Vijaya Bank
.Currently he is a member of the Banking Codes and Standards Board of India.
speaking Bunt
family of Kundapura
, Udupi district
, India
,V. P. Shetty is a Graduate in Commerce from Bangalore University
. He started his career with Vijaya Bank in 1973 and retired as Chairman and Managing Director of IDBI Ltd. in June 2007. The positions held by him in banks include Chairman and Managing Director of UCO Bank and Canara Bank. As Chairman, IDBI, he was a member of many international bodies like Association of Development Financial Institutions in Asia and the Pacific [ADFIC], South Asian Development Fund [SADF], Association of Development and Industrial Banks in Asia [ADIBA]. He was also a Director of many public financial institutions like, Life Insurance Corporation of India, General Insurance Corporation of India, EXIM Bank etc. He was Chairman of Indian Banks' Association
during 2006-07. He has been the recipient of 'Banker of the Year -2003' Award from Business Standard Group in recognition of his successful turnaround of UCO Bank.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n banker who retired as Chairman and Managing Director of IDBI Bank
IDBI Bank
The IDBI Bank Limited is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an "other public sector bank". It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian...
in 2007.Before joining IDBI,He was also the Chairman and Managing Director of UCO Bank
UCO Bank
Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian...
and Canara Bank
Canara Bank
Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 3057 branches, spread across India...
. He began his career with Vijaya Bank
Vijaya Bank
-History:Vijaya Bank , a medium sized bank with presence across India. It was founded on October 23, 1931 by A. B. Shetty and a few other farmers in Mangalore, Karnataka in India.. The objective was to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina...
.Currently he is a member of the Banking Codes and Standards Board of India.
Bio and Career
Born in a KannadaKannada language
Kannada or , is a language spoken in India predominantly in the state of Karnataka. Kannada, whose native speakers are called Kannadigas and number roughly 50 million, is one of the 30 most spoken languages in the world...
speaking Bunt
Bunt (community)
Bunt , previously spelled Bant, are a community of erstwhile nobility, feudatory and gentry from the region of Tulu Nadu in the south west of India which comprises the districts of Udupi and Dakshina Kannada in the Indian state of Karnataka and Kasaragod taluk of Kerala...
family of Kundapura
Kundapura
-Languages and culture :The town mainly consists of Kannadigas who speak Kundagannada, Konkanis and Tuluvas. The Goud Saraswat Brahmins who fled Goa during the Portuguese arrival in the 16th century arrived by Boat in Basrur and some settled in Kundapura and surrounding villages. These people and...
, Udupi district
Udupi district
Udupi district , ಉಡುಪಿ ಜಿಲ್ಲೆ) in the Karnataka state of India was created in August 1997. The three northern taluks, Udupi, Kundapur and Karkal, were separated from Dakshina Kannada District to form Udupi district. Udupi district is surrounded by Uttara Kannada district in north, Dakshina Kannada...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
,V. P. Shetty is a Graduate in Commerce from Bangalore University
Bangalore University
Bangalore University is a public university located in Bangalore, Karnataka State, India. The university is one of the oldest in India, dating back to 1886...
. He started his career with Vijaya Bank in 1973 and retired as Chairman and Managing Director of IDBI Ltd. in June 2007. The positions held by him in banks include Chairman and Managing Director of UCO Bank and Canara Bank. As Chairman, IDBI, he was a member of many international bodies like Association of Development Financial Institutions in Asia and the Pacific [ADFIC], South Asian Development Fund [SADF], Association of Development and Industrial Banks in Asia [ADIBA]. He was also a Director of many public financial institutions like, Life Insurance Corporation of India, General Insurance Corporation of India, EXIM Bank etc. He was Chairman of Indian Banks' Association
Indian Banks' Association
Indian Banks' Association , formed on 26 September, 1946 as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently...
during 2006-07. He has been the recipient of 'Banker of the Year -2003' Award from Business Standard Group in recognition of his successful turnaround of UCO Bank.