Nirmal Bansal

Nirmal Bansal, Senior Distinguished Fellow, Skoch Development Foundation

Nirmal Bansal is a former banker and an expert in financial inclusion. He has over two-and-a-half decades of experience in banking and financial sector, having worked with HDFC Bank, Corporation Bank and FINO. Prior to joining FINO (where he was Director- Business Development and Government Initiatives), Bansal was holding the position of Executive Vice President & Business Head – North at HDFC Bank where he was associated with Financial Institutions, Public Sector Undertakings and Government Business Group (FIG). The FIG which was led by him had a clear focus on marketing of liabilities, asset building by way of lending & investments, and developing Business in the Government segment, FI and PSUs etc. where he has played a crucial role in building meaningful relationships. He was instrumental in setting up the FI/PSU group and his major achievement – a very first – was getting the mandate for collection of Direct Taxes for the Central Government (other banks followed the much later) and several other Government Projects of various Ministries like MCA21, Online collection of Licence fee for DGFT, Online payment system for Ministry of Food Processing & Industries, signing of MoU with the Ministry of HRD for payments of scholarship to the students, mandate of collection of Sales Tax in the state of Punjab and Delhi and collection of road tax in Rajasthan, Haryana etc.