BOBCARD LTD. chairs Ravindra Rai M. as MD & CEO

Bank of Baroda subsidiary BOBCARD Limited has assigned Ravindra Rai M. to the position of Managing Director & CEO. He will spearhead the company’s strategic initiatives aimed at solidifying its presence as a key player in the credit card industry. Prior to the appointment he served as the Deputy Managing Director (DMD) of BOBCARD.  

Rai has an extensive experience of almost three decades in the Banking and Financial Services Industry. As an MD and CEO, Rai will drive business growth and also focus on strengthening the company’s risk management framework, enhancing customer experience and curating innovative product portfolio that meets the evolving needs of the Indian consumer base—all in alignment with BOBCARD’s motto of "Reimagining credit for India."

In his career, Rai held various important roles which include General Manager at Bank of Baroda. In his previous role at the parent Bank, he excelled in areas such as Treasury, Credit, International Banking, and Banking Operations. Prior to joining BOBCARD, Rai spent over 15 years at Vijaya Bank, where he managed rural and corporate banking branches, oversaw strategic regions, and contributed significantly at the bank's corporate office and overseas operations in the Middle East.

Commenting on his appointment, Rai said, “I am delighted to assume the role of Managing Director & CEO at BOBCARD LIMITED. This opportunity is both a privilege and a responsibility, and I am eager to lead our team in our mission to provide outstanding value and service to our customers. With a strong focus on innovation and a commitment to product excellence, I look forward to building on our tradition of success and guiding BOBCARD LIMITED toward a future of continued growth and achievement.”

Rai holds a degree in Economics, a Master's in Public Relations, and an associate membership with the Indian Institute of Bankers. He is also a certified forex professional and has specialized knowledge in IT and Cyber Security for Senior Management.