Manish Rai
About Manish Rai
Manish Rai serves as the Executive Vice President at IndusInd Bank, where he oversees collections and recovery operations for Business Banking and Small Business Banking. He has extensive experience in finance, having held various leadership roles in organizations such as International Tractors Limited and Equitas Small Finance Bank.
Current Role at IndusInd Bank
Manish Rai serves as the Executive Vice President at IndusInd Bank since 2018. He operates from Gurugram in a hybrid work environment. In this role, he oversees collections and recovery operations for both Business Banking and Small Business Banking. He manages a team that includes three National Heads responsible for various banking sectors. His responsibilities also include conducting periodical reviews with senior management on critical financial metrics.
Previous Experience in Finance
Prior to his current position, Manish Rai held several significant roles in the finance sector. He worked at Wowtruck.in as Executive Director and Chief Executive Officer from 2016 to 2018. Before that, he served as Senior Vice President at Equitas Small Finance Bank from 2014 to 2016, where he was responsible for initiating recovery proceedings for Non-Performing Assets. His earlier experience includes positions at International Tractors Limited and Indiabulls Housing Finance Ltd.
Educational Background
Manish Rai has a diverse educational background in finance and commerce. He studied at Lucknow University, where he earned a Bachelor of Commerce degree from 1985 to 1987. He further pursued studies at ICAI, achieving CA-Inter (First Group) from 1989 to 1991. Additionally, he attended ICFAI, where he is currently pursuing an MBA in Finance, a program he began in 2009 and is expected to complete in 2013.
Expertise in Collections and Recovery
Manish Rai has extensive expertise in collections and recovery operations within the banking sector. He is involved in forensic audits, fraud declaration processes, and managing criminal actions against fraudulent customers. His role includes engaging with stressed customers to strategize resolutions and overseeing property searches and Debt Recovery Tribunal filings as part of his routine responsibilities.
Leadership Roles in Previous Companies
Throughout his career, Manish Rai has held various leadership positions. He was Vice President of Hire Purchase at Shriram Transport Finance Company Limited from 1994 to 2006. He also served as National Head of Business Development at International Tractors Limited from 2010 to 2012, and as Business Head for CV and Tractor Finance at Indiabulls Housing Finance Ltd from 2006 to 2010. His leadership roles have contributed to his comprehensive understanding of the finance industry.