Parag Thakkar
About Parag Thakkar
Parag Thakkar serves as the Senior Vice President and State Head of the Consumer Bank at IndusInd Bank, overseeing 19 branches and managing a team of 300 employees. He has extensive experience in the banking sector, having held positions at ICICI Bank, ABN AMRO Bank N.V., and the Royal Bank of Scotland.
Work at IndusInd Bank
Parag Thakkar serves as the Senior Vice President and State Head of the Consumer Bank at IndusInd Bank. He has been in this role since 2010, overseeing operations in Ahmedabad. Thakkar manages a team of 300 employees and is responsible for 19 branches in the region, with plans to expand by an additional 7 branches during the 2015-16 period. His responsibilities include managing the complete balance sheet of the region, which encompasses various banking services such as CASA, retail banking, and fee income from trade and forex.
Education and Expertise
Parag Thakkar holds a Master of Business Administration (MBA) degree from Bhavnagar University, where he studied finance from 1996 to 1998. He also completed his secondary education at Aroma High School. His educational background equips him with the necessary skills to excel in the banking sector, particularly in consumer banking and wealth management.
Background in Banking
Thakkar has extensive experience in the banking industry, having worked at several prominent financial institutions. He began his career at ICICI Bank as a Wealth Manager from 2002 to 2004 in Ahmedabad. Following this, he served as Head of Preferred Banking at ABN AMRO Bank N.V. from 2004 to 2007, working in both Baroda and Singapore. He then took on the role of Relationship Director for International Wealth Management at the Royal Bank of Scotland in Singapore from 2007 to 2010.
Management Responsibilities
In his current role at IndusInd Bank, Parag Thakkar is responsible for managing the complete balance sheet of the region. This includes overseeing the CASA book, retail banking, non-resident accounts, TASC, and government business. Additionally, he manages fee income generated from trade, forex, wealth management, and both secured and unsecured assets.