Union Bank's M V Nair appointed CIBIL chairman

Mumbai: Credit Information Bureau (India) Limited (CIBIL), today announced the appointment of M V Nair as chairman. Nair is currently the chairman and managing director of Union Bank of India and a member on the management committee of the Indian Banks Association.

Commenting on his appointment Nair said ''CIBIL has definitely set highest standards of credit information service in India and I look forward to further add value towards CIBIL's evolution in the future.''

Nair holds several significant responsibilities in the banking and finance sector in India. Along with leadership on boards of several leading banking bodies, he presides on some significant initiatives on banking and finance spearheaded by the RBI and the Government of India.

Nair's career began in Corporation Bank where he successfully introduced cash management services. He was executive director oaf Dena Bank and took over as chairman and managing director, prior to moving to Union Bank in 2006, where his tenure has been characterized by a series of innovations.