M V Nair: Banking

CMD, Union Bank of India

Given away by Dr C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister on this 18th day of March 2010, at New Delhi

If you mix innovation and drive, you get a result-oriented person like M V Nair. Very early in his career Mr Nair showed how the successful introduction of cash management services in a bank would gives it an edge over others. His tenure has been characterised by a series of innovations that have put Union Bank on a trajectory of quality growth. Under Mr Nair, Union Bank, with other banks, also promoted a company that linked technology and financial services to promote greater financial inclusion. Again, in Union Bank, Mr Nair has successfully introduced a change process called “Project Nav Nirman” by leveraging technology, changing processes and empowering people, thereby transforming the bank into a customer centric marketing organisation.

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