Ajay Rana has been appointed as Deputy Vice President in the Portfolio Management Group, Wholesale Credit – SME at HDFC Bank. With over 16 years of diverse experience in risk, legal, collections, operations, and team management, Ajay brings with him a strong record of leadership across major financial institutions including YES BANK, Aditya Birla Capital, Tata Capital, Standard Chartered Bank, and GE Capital. In his new role at HDFC Bank, he will be focusing on strengthening SME credit portfolio management and driving strategic initiatives from the Chandigarh office.
Before joining HDFC Bank, Ajay served as Regional Head – BB Collections at YES BANK, where he successfully managed collections strategy and recovery processes across regions. His tenure at YES BANK also included the position of Vice President, leading critical functions within collections and risk management. Prior to this, he held the role of Regional Collections Manager at Aditya Birla Capital, where he was responsible for market penetration, loan restructuring, and repayment negotiations. His earlier leadership at Tata Capital as Cluster Collection Manager saw him manage secured loan portfolios across Punjab, Haryana, and Chandigarh with efficiency and compliance.
Ajay’s extensive career also includes a significant stint at Standard Chartered Bank, where as Regional Foreclosure Manager – North, he was deeply involved in foreclosure, legal proceedings, and SARFAESI Act-driven recoveries. He began his journey in the financial sector with roles at Standard Chartered Bank, GE Capital, and early responsibilities at State Bank of India Cards (through GE Capital), building his foundation in billing, MIS, and collections processes. Over the years, he has been recognized for his ability to reduce delinquency levels, optimize resources, and build strong team capabilities while ensuring legal and compliance adherence.
With this appointment, HDFC Bank further strengthens its leadership in SME portfolio management and risk frameworks. Ajay’s proven expertise in collection strategies, restructuring, and legal processes, along with his ability to align operations with business objectives, positions him to contribute significantly to HDFC Bank’s growth in the wholesale credit domain. His wealth of experience across leading financial institutions makes him a valuable addition to the bank’s leadership team.