CV VVS

Voruganty Venkata Subrahmanyam
303, 10-5-64/8/A, sri ramdarshan apartments, sri ram nagar colony, Humayun nagar post, Hyderabad 500028.
E-Mail : voruganty_vvs@yahoo.co.in


Objective
General Skill Set To be associated with an Organization that enables me to apply my skills to the best of the teams & organization, I work with, as well as learn myself for continued self-development.
I have inspected innumerable braches of commercial banks during the long innings in the RBI and details of issues highlighted and defects found is too long and too technical to be of interest in a CV. Suffice it to say that in RBI I have carved out a niche as a credit and investment specialist inspector. Credit appraisal is my forte.


Experience
Reserve bank of India, Chennai 600001
manager – inspections- department of banking supervision, inspection of commercial banks in tamil nadu.
Responsibility: inspecting all banks in tamil nadu.
I am rated as one of the best inspector in my office.
I have inspected the circle office of Canara bank, Chennai; bank of America, Chennai for which my report was rated as most useful by the HO team of our bank.



1999 – 2005 Reserve Bank Of India Hyderabad, INDIA
Manager - Inspections Banking Supervision
Responsibility: Inspecting all the Premier Banks and Financial Institutions in Andhra Pradesh.
Achievements during Inspections :

-In SBH, HO inspection for 2004 I have found out stressed accounts totaling 900 crore and indicated the same to the bank for correction and follow-up to avoid the same becoming Non performing assets on the revised 90 day norm coming into effect from march 2005. The bank followed the same and the chief manager recovery got elevated as AGM on the basis of follow-up. The next AFI by RBI could not find any fresh NPAs during 2005 from among the accounts outstanding as on March 2004.


-In SBH , HO inspection for 2005, I have conclusively proved to the bank that its funds management was in shambles and that its activities in investment management have resulted in reduction in yield of investment of by 263 basis points and increased the duration by 1 year on a investment operations worth 15000 crore. I had also proved that it was conducting its funds and asset liability management in a poor and foolish manner by borrowing high in the market and lending low to its own competitors in the market in what I called as lazy banking.


-In ICICI bank, RO, I had pointed out the wrong accounting practice being followed by the bank in underreporting of NPA and under provisioning as it was showing past sacrifice as equivalent of present of provision in partially written off accounts. The total implication was worked out at around Rs.1000 crore for the bank as a whole. It may be noted that it was the first inspection after merger of the parent with the child and the bank could stay afloat only by selling away its investment in its own shares worth Rs.600 crore in that financial year.


-In SBI LHO Hyderabad for two years I had detailed the NPAs of the bank along with the actual factual position and reasons for its becoming NPA. The AGM in-charge of recovery kept the booklet on NPA s prepared by me as a ready reckoner and was so successful in recovery that he was promoted and sent to head a regional rural bank.


-In IFCI, I had indicated that almost 50% of its doubtful assets were actually loss assets which were camouflaged by means of partial write-off and defective accounting procedure by the institution. I had also indicated that behind each and every NPA and loss asset of the institution there was a politician.


-In IDBI Hyderabad I had indicated the wrong accounting practice being followed by the institution in case of partial write-offs which allowed it to show lesser NPAs and lesser provision. I had unearthed fraud committed by a industrial house from srikakulam district on the institution to the tune of 300 crore which resulted in all the accounts of the group being classified as fraud cum NPA.


-In NABARD, Hyderabad I had pointed out conclusively that its assets in the shape of loans and advances to DCCBs and SCB were in fact a rewriting of books with no actual recovery of loans and that its revenues were much less than claimed as the interest on loans to the above entities were never actually received but rewritten in to enhanced limits.
-In case of GTB Vijayawada I had pointed out its misconduct in subverting the established banking procedures in misrepresenting facts to authorities in case of euro lottery winners funds placed with it and in another case I had unearthed the fact that about 80 lakh was lent based on nothing but an assurance to deliver equitable mortgage of a building supposedly purchased by its loanee when it knew that the same was already under mortgage to its own branch in Chennai for dues of yet another firm.


-In case of banks in prakasam district, AB, SBI I had conducted a survey of all the tobacco accounts and conclusively proved that the banks were being cheated by the traders by reclassifying , mixing, rebundling old stocks and unsaleable stocks as fresh stocks and were quoting the old stocks at very high rates applicable to the top of the line stocks only with the result that all the banks were holding much shorter asset coverage for their loans to the tobacco traders. I had also indicated the fraud in quoting village properties at Bombay rates for showing them as collateral to the loans to the banks.
-In case of banks in Nalgonda district , Miryalguda centre I had conclusively proved that the rice mills suffered from a basic flaw that they lacked in any organized marketing effort and did not have a marketing channel and that the assumption that rice being staple food need not be examined for marketability was incorrect. As a result of my survey and inspection findings the banks stopped financing new rice mills which helped the district to avoid the large scale failure or rice mils which was seen in other districts of the state.


-In case of SBH Bombay nariman point branch I had proved that the diamond industry was short changing the banks by inflating the need for below cost funding for bills receivable by availing the same for as long as one year when actually the terms internationally were more on cash and carry terms and at best credit for long standing associates for less than 30 days. The banks EBR forex loans outstanding was growing at a much faster rate and was already bloated and a bubble was built up which could adversely affect the bank any time as most of the bills were house bills and direct bills with no documents to title pledged to the bank as a proof of the genuineness of the underlying transaction. Essentially then the entire exposure was clean exposure for the bank entailing it to bear market risk and exchange risk as none of the entities availed them selves of forward cover.
RBI Bhubaneswar


June 1989 to June 1999 Reserve Bank of India Bhubaneswar, Orissa
Lead District Officer Overseeing Implementation of Lead Bank Scheme
Responsibility: Lead District Officer in the Bhubaneswar office of RBI in charge of four districts of the Orissa state overseeing implementation of lead bank scheme in them and ensuring that the banks in the district achieve their targets.

-While working as lead district officer in Bhubaneswar office of RBI in charge of Nowrangpur and Malkangiri districts I had in association with the district administration and banks ensured that self employed people takeover the entire transport network of the district which had transformed the economy of the same in a matter of three years.
-While working as lead district officer in charge of lead bank scheme for two years in the districts of khamman and Nalgonda, I had ensured that the khamman district tops the Telangana districts in floating and managing self help groups and also helped in the turnaround of regional rural bank by making the district administration take more pro active interest in ensuring that its loans are recovered in full and fast and it gets its share of Govt. deposits and patronage to reduce its operational cost.
RBI Hyderabad


June 1984 to June 1989 Reserve Bank of India Hyderabad
Asst Currency Officer Currency Management Distribution
Responsibility: Asst Currency Officer in charge of currency management distribution, and destruction in various vaults of the RBI HYDERABAD.
-As asst currency officer I had cleared the back log dating back to five years in a matter of two years in destruction of notes.


1982 – 1984 Reserve Bank of India Gauhati, Arunachal Pradesh, Manipur, Nagaland and Meghalaya
Lead District Officer
Responsibility: Worked as lead district officer in Gauhati office of RBI in charge of two districts each in Arunachal Pradesh, Manipur, Nagaland and Meghalaya and ensured that the fringes of the country get the same commitment of funds and manpower and branches by the banks of the mainland.


-As LDO in Gauhati office I made sure that the RBI was well and forcefully represented in all the district fora and its voice was heard loud and clear in favor of the people of the districts however remote they may be and even if it meant traveling boats, on elephants, on overcrowded jeeps and continuous tours for twenty eight days in a month for three years in a row. I had to trek for 14 days to reach a district head quarters located very near to the china border in Arunachal Pradesh.
Other Experience
Joined the RBI as Grade B officer in November 1981.


Worked as Asst Administrative officer in National Insurance Company at its offices in Mumbai, Nagpur, Amaravati, Akola, and Calcutta from February 1978 to November 1981.

I have passed Licentiate, Associate and Fellowship Exams of the Indian Institute of Insurers, Mumbai which is equivalent of PhD in General Insurance.
-Worked as Probationary Officer in Corporation Bank from June 1977 to February 1978 in Dawangere branch of the bank.


Trainings in RBI
-Conducted a Survey on leather industry to study their existing infrastructural facilities, marketing channels, raw material supply sources and managerial and financial resources and suggested ways and means to improve upon these to the LIDCAP, Hyderabad as a part of MBA.

-Trained for risk based supervision of banks.
-Trained for rural and developmental banking and lead bank scheme.
Strengths
-Multi State Exposure & Proven ability to work in a multi cultural environment.

-Energy & Energizer: Enormous personal energy to deal with the change, challenges and using the energy in demonstrating positive influence to introduce the needed change.

-Out Of Box Thinking: To understand and apply skills from other functional areas.
-Edge: Effective application of operational knowledge and objective planning to enhance productivity.
Education MBA Electives in Marketing, Finance & Quantitative methods – 1977
Licentiate in General Insurance Indian insurance institute, Mumbai -1978
Associate in general insurance Indian insurance institute – 1980
Fellowship in general insurance Indian insurance institute - 1983
Diploma on Capital Market Dealers Module national stock exchange 2006
Recognition : National Merit Scholar in SSC
Rank holder in MBA in Osmania university.
Extra Curricular Activities
Write poetry, Debating , Essay writing
Editor of magazine in junior college
Ran a magazine ‘denovo’ for insurance employees
Languages known
English; Telugu ; Hindi ; Kannada ; Tamil ; Oriya ; Bengali ; Marathi ;Assamese
PERSONAL Details
Date of Birth : 24.07.1956