Mavila Vishwanathan Nair


Mavila Vishwanathan Nair is the Chairman of the Credit Information Bureau of India Limited, India's largest credit bureau. He is also an advisor select private equity and venture capital funded companies in India.
Previously a banker, Nair was one of the longest serving chairmen in the history of Indian banking, having served as chairman and managing director of Union Bank of India for six years and Dena Bank for one year.

Early life and education

The second eldest of seven siblings. Nair was born in Kasaragod, Kerala, and grew up in Mangalore, Karnataka, graduating from St. Aloysius College, Mangalore. Later, he attended trainings at the Indian Institute of Management Ahmedabad, Indian School of Business, Kellogg School of Management, and Harvard Business School.

Career

Corporation Bank (1973–2004)

Nair joined Corporation Bank as a probationary officer in 1973. He worked across Hyderabad, Gujarat, and Mangalore, and was then deputed to head one bank's largest branches in New Delhi.
Early success in middle management put Nair on the bank's fast track program. He subsequently went on to head the western and central region of the bank. Both the regions were the best performing regions of the bank during his tenure. After stints in the field, Nair was called on to set up a strategic business unit to boost fee based income and to position Corporation Bank as a leading player in corporate banking. Nair set up the Collection and Payment Services which created a market advantage for the bank and positioned it as a leading player in corporate banking in India.
Nair also headed various departments at the corporate office including CAPS, Human Resources, and Risk Management.
He was subsequently elevated to Executive Director of Dena Bank.

Dena Bank (2004–2006)

Executive Director, subsequently chairman and managing director
Nair was promoted as Executive Director to Dena Bank when the bank was facing a severe challenge on the non-performing assets front. He subsequently served as chairman and was with the bank for 2 years.

Union Bank (2006–2012)

Chairman and managing director
Nair joined Union Bank of India as chairman and managing director. He is credited with a number of initiatives during his tenure there.
Under Nair's leadership, some of the socially important activities undertaken by the bank were:
Nair was appointed Chairman of the Indian Banks’ Association for 2009–2010. During this period, as chairman of the wage negotiation committee, IBA successfully concluded the long pending bipartite settlement with the joint forum of unions.

Personal life

M. V. Nair lived with his wife Indu in Mumbai, India. They have a daughter, Vidhya and a son, Aditya.

Contribution to the banking industry