Tilak Raj Bajalia is the New Deputy MD of SIDBI

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The Small Industries Development Bank of India (SIDBI in short) on Wednesday (3rd October 2012) announced that the finance ministry has appointed Mr. Tilak Raj Bajalia as its Deputy Managing Director of the Organization. Before joining in SIDBI Mr  Bajalia was an executive director at the IDBI Bank. Bajalia is a BA, ICWA and Certified Associate of the Indian Institute of Bankers. He started his career in a commercial bank in 1974 and moved to IDBI in 1983. In his 38 years in the banking sector, he had handled varied portfolios like corporate and retail finance, recovery and non performing asset management, restructuring, human resource management. He was instrumental in setting up of the MSME vertical in IDBI in 2008 and has been associated as a nominee of IDBI on the Board of SIDBI since 2009.

Tilak Raj Bajalia appointed Deputy Managing Director of SIDBI