Bank of Baroda’s subsidiary, BOBCARD has elevated Ravindra Rai M to the position of managing director (MD) and chief executive officer (CEO).
Rai, who has been with BOBCARD as deputy managing director since March of 2023, was associated with Vijaya Bank before that. In fact, his association with Vijaya Bank was well over 15 years long, of which he spent 13 years as branch manager, based out of Dubai.
It was only in August 2020 that he joined Bank of Baroda as general manager, based out of Bengaluru, handling treasury, credit, international banking, as well as banking operations.
From 2023 he has been with BOBCARD (BOB Financial Solutions), working out of Mumbai as deputy MD.
An associate member of the Indian Institute of Bankers, Ravindra Rai holds a master’s degree in public relations, and is also a certified forex professional. Considering this elevation “a privilege and a responsibility”, Rao is looking forward to leading the BOBCARD team in its “mission to provide outstanding value and service to our customers, with a strong focus on innovation and a commitment to product excellence.” He is eager to build on BOBCARD’s “tradition of success and guiding BOBCARD toward a future of continued growth and achievement.”
Backed by extensive experience in the banking and financial services space, this elevation will see Ravindra Rai focusing on driving business growth even while strengthening BOBCARD’s risk-management framework. He will be expected to work towards improving customer experience as well as the product portfolio to fulfil the changing needs of consumers, in line with the financial institution’s motto of ‘Reimagining credit for India’.
