Mumbai: Ravindra Rai M. has taken over as the Managing Director and CEO of BOBCARD Limited, Bank of Baroda’s credit card arm. With nearly three decades in banking, Rai is set to lead the company’s efforts to expand its reach and refine its credit card offerings for Indian consumers.
Before this role, Rai was the Deputy Managing Director at BOBCARD and held various senior positions at Bank of Baroda, including General Manager. His experience covers areas like treasury, international banking, and branch operations. He also spent over 15 years with Vijaya Bank, handling both rural and corporate banking, and working in the bank’s Middle East operations.
As the new CEO, Rai plans to focus on managing risk and improving customer experience while expanding BOBCARD’s product range. He described the new role as a “privilege and responsibility” and emphasized his goal to drive growth and innovation at BOBCARD.
Rai’s background includes a degree in Economics, a Master’s in Public Relations, and certifications in forex and cyber security. He’s now stepping into the top role with a focus on navigating BOBCARD through a competitive credit card market.
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