T. M. Bhasin has been selected as the new Chairman and Managing Director of Indian Bank. He took over charge of the bank after the retirement of M.S. Sundara Rajan.
Earlier, Bhasin was the Executive Director of United Bank of India from November 7, 2007. He made significant contribution to UBI in terms of capital restructuring program of the bank. He was responsible for the success of the bank’s IPO.
He has also been credited with the accomplishment of 100% core banking solution by the bank. He has played a vital part in corporate restructuring procedures such as mergers and joint ventures.
He is an alumnus from Harvard, and has a degree in advanced management programme of JFK School of Government, Harvard. Besides he is also an MBA (Finance) from University of Delhi.
He joined the banking sector as a probationary officer (PO) in 1978 with the Oriental Bank of Commerce(OBC). Bhasin has worked with the bank for more than 3 decades.
He has also written a book called, “E-Commerce in Indian Banking”.