YOGESH AGARWAL... Chairman, IDBI
Tipped for the top post in SBI, he swam across to country cousin IDBI instead!
From a one time ailing financial institution to India’s foremost developmental institution, now poised to even foray into high growth areas like retail banking, Industrial Development Bank of India (IDBI) has indeed come a long way. And so has Yogesh Agarwal, the newly appointed CMD, who took charge of this institution, in July this year. Former Deputy Managing Director of State Bank of India, Yogesh Agarwal was tipped to succeed outgoing SBI chief A.K. Purwar, but he landed into the top slot at IDBI instead. A banking veteran, Agarwal’s contributions to India’s largest bank, during his 35 year stint at SBI (he started off as a probationary officer in 1972) were vast and varied. In fact, he was also the first to spot an opportunity in the gold banking business, was back in 1997. With IDBI, Agarwal’s focus is pretty clear: “work for the long-term vision of the company, that automatically takes care of the day-to-day affairs of the business.” Says Jitendra Balakrishnan, Deputy Managing Director, IDBI Bank, “Agarwal is very formal and elegant in his approach and his experience with SBI will come handy in IDBI’s long term vision of becoming an institution with a wide gamut of services.” Hear hear!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Tipped for the top post in SBI, he swam across to country cousin IDBI instead!
From a one time ailing financial institution to India’s foremost developmental institution, now poised to even foray into high growth areas like retail banking, Industrial Development Bank of India (IDBI) has indeed come a long way. And so has Yogesh Agarwal, the newly appointed CMD, who took charge of this institution, in July this year. Former Deputy Managing Director of State Bank of India, Yogesh Agarwal was tipped to succeed outgoing SBI chief A.K. Purwar, but he landed into the top slot at IDBI instead. A banking veteran, Agarwal’s contributions to India’s largest bank, during his 35 year stint at SBI (he started off as a probationary officer in 1972) were vast and varied. In fact, he was also the first to spot an opportunity in the gold banking business, was back in 1997. With IDBI, Agarwal’s focus is pretty clear: “work for the long-term vision of the company, that automatically takes care of the day-to-day affairs of the business.” Says Jitendra Balakrishnan, Deputy Managing Director, IDBI Bank, “Agarwal is very formal and elegant in his approach and his experience with SBI will come handy in IDBI’s long term vision of becoming an institution with a wide gamut of services.” Hear hear!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
