Shri T.M. Bhasin has assumed charge as Chairman & Managing Director of Indian Bank on 1st April 2010. Prior to assuming charge as Chairman & Managing Director, he was Executive Director of United Bank of India since 7th November 2007

Joined Oriental Bank of Commerce (OBC) as Probationary Officer on 17th June, 1978, and served in different capacities till 6th November, 2007, interalia :-.

• Branch Incumbent in Khera Kalan (Rural); Sriganganagar (Manager, Lead Bank Office); Chief Manager, Overseas (Forex Branch)-Panchkuian Road, New Delhi; Chaura Bazar, Ludhiana, Hazrat Ganj, Lucknow Branches.

• General Manager, Regional Head in OBC’s largest flagship New Delhi Region, having total business of Rs. 12,500 crore from October 2003 to March 2006 wherein Deposits, Advances and Net Profit of the Region more than doubled in two and half years’ period and NPAs were reduced to less than one third i.e. from Rs. 285 crore to Rs. 90 crore during his tenure.

• At Head Office of OBC as General Manager/Dy. General Manager (HRD); (Recovery & Law); Asstt. General Manager (IT) and Integrated (Domestic & Forex) Treasury, Chief Manager, Corporate Loans, Planning & Development including Priority Sector. Also headed Economic Research, Organisation and Methods, Central Accounts, General Administration, Inspection & Control Departments etc., as Manager/Dy. Chief Manager.

• As General Manager (IT & New Initiatives) at Head Office implemented 100% Core Banking Software; Set up Three way Disaster Recovery and Business Continuity Process with zero data loss; Looked after Marketing of Bancassurance, Mutual Fund and other innovative products for augmenting Non-Interest Income.

• Spearheaded and played key role in setting up Joint Venture Company for Life Insurance in partnership of OBC with Canara Bank & HSBC (Insurance).

• Successfully handled merger of erstwhile Global Trust Bank Ltd with OBC with sole-responsibility for integration of technology platforms and product mapping.

• OBC was declared “Zero NPA Bank” in September 2003, during the incumbency as General Manager (Recovery) & HR. Effected highest recoveries in New Delhi Region of Oriental Bank of Commerce and settled highest number of 54 NPA cases involving Rs. 47 crore in a Lok Adalat at Delhi High Court in April, 2005 (Appreciation letter issued by Delhi High Court Legal Aid Committee & Chairman and Managing Director of OBC).

Consequent upon due selection process by Government of India and Reserve Bank of India, Shri T M Bhasin was selected and appointed as Executive Director in  UNITED BANK OF INDIA with effect from 7th November 2007.  Following are the highlights of achievements till 31st March 2010:

• The business was doubled in Two and a half year period.
• From Loss Making position in Sep 2007 to Rs. 322 crore Net Profit in March 2010
• NPAs reduced from 7% to 3.21% as on 31.03.2010
• Implemented 100% Core Banking Software (CBS) all across the Bank / Branches
• Got the Capital restructured from Govt of India
• Brought the IPO at Rs. 56/- premium
• Issue oversubscribed 37 times
• Opened a Representative Office in Dhaka (Bangladesh)
• Signed and mobilized business from 3 Myanmar Based Banks

Government of India appointed Shri T M Bhasin as Chairman and Managing Director of Indian Bank with effect from 1st April 2010:
Under the Chairmanship of Mr T M Bhasin, Indian Bank has received following Awards in 2010-11 :-

• Ranked first in profitability by the Financial Express and Ernst &Young Survey and the overall ranking as second amongst the Public Sector Banks
• SKOCH Award for the Self Help Group initiatives
• Best OUTLOOK MONEY Award for Best Bank under the Educational Loan category
• Amity Corporate Excellence Award for Best Customer Service
• CELENT Award for Benchmarking of Banks in India
• Best Banker Award for SHG Movement from the State Government of Tamilnadu
• Tamilnadu State Award for the meritorious service in SME Sector

On a comparative analysis of Audited Balance Sheets of all the Public Sector Banks (PSB) as on 31st March 2011, Indian Bank interalia ranked as under:

(*) Indian Bank is the first Nationalized Bank to have implemented Core Banking Software based classification of NPAs as on 30/6/2011 itself.
The Bank has opened a Branch at Jaffna, Sri Lanka on 21.01.2011

EDUCATIONAL & PROFESSIONAL QUALIFICATIONS
of Shri T M Bhasin are as under:-

• MBA (Finance) from Faculty of Management Studies, (FMS), University of Delhi. (1984-87)
• Advanced Financial Management Programme at JFK School of Government, Harvard ,US (2004).
• LL.B. from Campus Law Centre, University of Delhi (1980-83)
• Certified Associate of Indian Institute of Bankers (CAIIB) (1988)
• M.Sc.(Gold Medalist) (1975-77)
• One Year Course in Criminology and Forensic Science (Delhi University Topper) (1983-84)
• Diploma in Office Organisation & Procedures from Punjab University, Chandigarh. (1982)

ACADEMIC ACHIEVEMENTS

• Accomplished research under C.H. Bhabha Research Scholarship Scheme of IBA 1999-2000 on   “E-Commerce in Indian Banking”.
• An alumnus of FMS Alumni Association (1987), Delhi University.
• An alumnus of Harvard Alumni Association (2004), Harvard University (U.S.).

SPECIAL ACHIEVEMENTS

• Authored a Book on “E-Commerce in Indian Banking” 616 pages published by Authors Press, New Delhi (2002).

• Authored well researched articles on contemporary issues in renowned national dailies and Banking Journals / Magazines.

• As Honorary Secretary, IBA Delhi Chapter during August 2000 to November 2007 period coordinated and organized all major Banking Seminars, Bankers’ meets and other events under the aegis of IBA at Delhi.

OTHER HONORARY ASSIGNMENTS

• Director on the Board of United India Insurance Co Ltd w.e.f  26.04.2010
• Convenor & Chairman of the “Task Force for extending Banking Facilities in Unbanked Gram Panchayats in the State of West Bengal” set up by the Reserve Bank of India in December 2007. Report submitted in September, 2008. RBI has accepted and circulated Report/Recommendations to all Banks for time bound implementation.
• Chairman, Education Loan Committee of Indian Bank's Association (IBA)  2010-11
• Chairman, Financial Inclusion Committee of IBA 2011-12
• Member of Management Committee of IBA since 2010
• Member of Governing Body of Indian Institute of Banking and Finance (IIBF) 2011-12
• Member of Banking & Finance Committee of Confederation of Indian Industry
• Member of Prime Minister’s Task Force on Skill Development Council.

FOREIGN ASSIGNMENTS / TRAININGS

• Member of Joint Trade Committee constituted by Govt. of India, Ministry of Commerce for Indo-Myanmar Trade Relations. (2008-10)

• Widely travelled / trained in India and Abroad.

Under the Chairmanship of Mr T M Bhasin, Indian Bank has received following Awards –             

(A) IN THE YEAR 2010-11 :-

• Tamilnadu State Award for the meritorious service in SME Sector
• Ranked first in profitability by the Financial Express and Ernst & Young Survey and the overall ranking as second amongst the Public Sector Banks
• SKOCH award for the SHG initiatives
• Best OUTLOOK MONEY award for best bank under the Education loan category
• Amity Corporate Excellence award for best customer service
• CELENT award for Benchmarking of Banks in India
• Best banker award for SHG movement from the State Government

(B) AWARDS RECEIVED IN 2011-12  

• Best Risk Master, FIBAC 2011 Award by FICCI IBA in Loan Appraisal Standards, Loan Portfolio Management, NPAs and Restructured Loan Book Management and having highest earnings on Assets.
• Banking Award for the “Best Public Sector Bank – Asset Quality” by Dun & Bradstreet
• Best Public Sector Bank in Superior Quality of Assets, Profitability, Efficiency & Productivity by CNBC – TV18
• The Financial Express “ Best Nationalised Bank” Award -2011 (Rank – II)