M.V. Nair

Chairman of Credit Information Bureau (india) Limited (CIBIL)
Former CMD of Union Bank of India


Mavila Vishwanathan Nair is an Indian banker. He 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. He retired in March 2012 after serving Indian Banking Industry for nearly four decades.

M.V.Nair was born on 3 March 1952, the second eldest of seven siblings. Although Nair was born in Kasaragod, Kerala, he grew up in Mangalore, Karnataka, graduating from St. Aloysius College, Mangalore. Later, Nair attended training workshops from the Indian Institute of Management Ahmedabad, Indian School of Business, Kellogg School of Management and Harvard Business School.

M.V.Nair married his wife Indu, on 20 October 1983. They are blessed with one daughter, Vidhya and one son, Aditya. Both are engineers.

His Contribution to the banking industry

Chairman, Credit Information Bureau of India Limited (CIBIL) (2011–present)
Chairman, Indian Banks’ Association (IBA) (2009–2010)
Chairman, Wage Negotiation Committee, Indian Banks’ Association (2008–2010)
Member, Sub-Group on Financial Services under the High Level Group on Services Sector, constituted by Planning Commission, Government of India (2007–2008)
Member, Primary Markets Advisory Committee, set up by Securities Exchange Board of India (SEBI) (2009–2010)
Chairman,Committee on Priority Sector Lending constituted by Reserve Bank of India (2011–2012)
Chairman, Union KBC Asset Management Company (2010–2012)
Director, General Insurance Corporation (GIC) Re (2009–2012)

Member, Managing Committee, Indian Banks’ Association (Mumbai)
Chairman of the Governing Board, Institute of Banking Personnel Selection (IBPS) (2009–2012)
Vice President of Indian Institute of Banking & Finance (IIBF) & Chairman of the its Executive Committee, (2008 – 2012)
Member, Governing Council of Overseas Indian Facilitation Centre (OIFC) established by the Ministry of Overseas Indian Affairs, Government of India (2010–2012)
Member of the Governing Council, Institute for Development and Research in Banking Technology (IDRBT)
Member, Governing Board, National Institute of Bank Management(NIBM) (2008–2012)
College Advisory Committee of Reserve Bank of India, College of Agricultural Banking, Pune
Chairman, Banking and Financial Institutions Committee, Federation of Indian Chanbers of Commerce & Industry (FICCI) (2010 – 2012)
Member, Committee on Customer Services in Banks constituted by Reserve Bank of India (June 2010 – 2012)
Member, Study Group to examine various alternative models for establishing ICT based mobile banking service centers for inclusive banking in the country constituted by Planning Commission, Government of India (2009 – 2012)
Member, High Level Committee to deliberate emergent issues concerning global development in the country constituted by Ministry of Urban Development, Government of India (2010 – 2012)
Director, Agriculture Finance Corporation (AFC) Ltd (2006 – 2012)
Member, Committee to monitory flow of dollar Export Credit to Exporters constituted by Government of India (2009 – 2012)
Ex-Officio Member, Board of Trustees, CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) (2009–2010)
Member, National Board of Accreditation, All India Council for Technical Education (2008–2010).
Member, Committee for conducting study of HR issues of Public Sector Banks constituted by Ministry of Finance, Government of India (2009–2010)
Member, High Powered Committee to review the Lead bank Scheme, set up by Reserve Bank of India (2007–2009)

Prominent Conferences Attended

World Economic Forum, Inaugural meeting of the New Champions at Dalian, China, 2007
SIBOS 2006 (Sydney, Australia), 2007 (Boston, USA), 2008 (Vienna, Austria, 2010 (Toronto, Canada)
Annual Meeting of the World Bank and International Monetary Fund, Istanbul, Turkey (2009)
Workshop on Promoting Financial Inclusion through Innovative Policies, organized by Asian Development Bank, Tokyo (Japan) (2009)
Speaker, “Growing role of Asia in the financial stage”, Asia Europe Business Forum (AEBF) at Brussels, Belgium (2010)
1st international conference of overseas offices, Hong Kong
Addressed HK Invest conference in Hong Kong in Sept’10 – Speakers included Chief Executive of Hong Kong.
Addressed members of the Chamber of Commerce, Hong Kong in Sept’10 on Current state of Banking Sector in India and its future

Awards and Accolades

Best Manager Award, Indian Management Association (IMA) (1984)
Best Corporate Excellence Award, IIM- Ahmedabad (2000)
Finalist, Ernst & Young “Entrepreneur of the Year, 2008”
Global Award 2008, Kerala Kalakendram
Winner of Skoch Challenger Award in Banking for relentlessly pursuing financial inclusion goals and driving branchless banking to penetrate banking services into the hinterland – (March 2010)
Certificate of recognition by ICSI (Institute of Company Secretaries of India) as National Award for excellence in Corporate Governance for adopting good Corporate Governance practices (December 2010).

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