Dr. Harsh Kumar Bhanwala, Chairman, NABARD, is a Post Graduate in Management from IIM, Ahmedabad and is a PhD degree holder.
Dr. Bhanwala was earlier the Executive Director in India Infrastructure Finance Company Ltd. (IIFCL) and also functioned as its CMD for nearly six months. He was looking after the Corporate Planning, Human Resource Development and Credit Enhancement initiatives as Chief General Manager in IIFCL. He spearheaded development of Credit Enhancement initiative, the first of its own kind of initiative in our country which aims at enabling the infrastructure projects to approach Debt Capital Markets to substitute high cost debt and simultaneously helps banks in freeing up their capital and manage the challenges of exposure and long tenure which they face in financing infrastructure sector.
During his tenure at IIFCL, he also held the Chairmanship of the two subsidiaries of the company looking into the overall supervision & management, viz. :
IIFC (UK) Ltd, London, which provides foreign currency loans in the form of ECB to infrastructure projects in India.
IIFCL Projects Ltd, New Delhi, which is a Project Development and advisory services company for infrastructure sector.
Prior to joining IIFCL, he worked as Senior Vice President in IL&FS Water Limited undertaking project development work relating to various water & waste water projects.
Dr. Bhanwala has also worked in various capacities as an officer in NABARD and was the Managing Director of Delhi State Cooperative Bank Ltd (DSCB) during its turning around (2000 to 2005). During his stay with NABARD & DSCB, he gathered expertise in Financial Inclusion, Microfinance, Coop. Credit Institutions, Rural Infrastructure Project Development and Project Appraisal related to Agricultural Projects.