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The Ministry of Finance has appointed Tilak Raj Bajalia as Deputy Managing Director of the Small Industries Development Bank of India (SIDBI). Prior to taking up this assignment, Bajalia was the Executive Director of IDBI Ltd.
Bajalia is a BA, ICWA and Certified Associate of the Indian Institute of Bankers. He started his career in a commercial bank in 1974 and moved to IDBI in 1983. Bajalia has, during his 38 years in banking, handled varied portfolios including corporate and retail finance, recovery and NPA management, restructuring and human resource management.
He was instrumental in setting up of the MSME vertical in IDBI in 2008 and has been associated as a nominee of IDBI on the Board of SIDBI since 2009
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