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Latchi Raju Mantena, Asst General Manager

Latchi Raju Mantena

Asst General Manager·Kuwait India International Exchange Company

Kuwait

Bachelor's degree, Commerce - B.Com

Work experience

Total years of experience: 42 years, 0 months

Asst General Manager

February 2012 - Present

Kuwait India International Exchange Company

Kuwait

February 2012 - Present

Work Outline:
Management of all the currencies handled by the Company, Correspondent Relationship, Forex deals, Handling of TT business, Reconciliation of Accounts with correspondents, Handling and guiding high value clientele on rate movements and NRI matters.
Achievements:
 Reconciled long outstanding entries with three of the INR Correspondents during this period. Locked funds of USD 1.2 million for more than 3 years were brought into use.
 Maintained 93% client retention rate. Acquired 38 new connections in TT business.
 Could maintain the Treasury income at the same level despite the fall in forex turnover
 Introduced new tools for monitoring and controlling Anti Money Laundering and Combating the Financing of Terrorism
 Conducted training programmes for the frontline staff on Telephone etiquette, AML Compliance

Company industry:
Financial Services
Job role:
Management

Chief Manager (Internal Audit)

June 2008 - January 2012

State Bank of India

Hyderabad, India

June 2008 - January 2012

Work Outline:
 Conducting audit on core risk parameters viz., Credit, Operational and External Compliance Risks and Preparation of Risk-matrix
 Evaluating risks and internal controls against changing trends and market/economic conditions
 Reviewing and commenting on compliance with rules and regulations, codes or practice, internal guidelines and principles
 Preparation of Management Letter, generation of Heat Maps on the basis of Risk Matrix and submission of special reports
Achievements:
 Detected income leakage to the tune of INR 37 million through extensive analytical calculations. The excel sheets developed by me helped the department to identify more than INR 100 million.
 Two frauds to the tune of INR 268 mio were brought to light.
 Audited 106 branches of different groups and all types of Centralised Processing Centres opened under business process re-engineering
 Co-ordinated audit of 4 clusters of different sizes ranging from 18 to 110 branches by a group of 9 to 30 auditors.
 Identified by Corporate Centre for review and amendment the of audit formats for different categories of branches.
 Co-ordinated and involved in the migration of audit reporting to online audit reporting system.

Company industry:
Banking
Job role:
Accounting and Auditing

Manager (Intl Bankg & NRI Services)

January 2007 - May 2008

State Bank of India

Hyderabad, India

January 2007 - May 2008

Work Outline:
 Managing Sales channels and Marketing of various liability and investment products
 Preparation of business targets, review of performance at monthly intervals help to achieve the incremental targets for the zones through lead generation tools
 One point contact between Corporate Centre and branches for various permissions, consolidation and submission of periodical forex /other returns to Reserve Bank of India
 Liaison with foreign offices and exchange companies for development of NRI business
 Conducting training, seminars and workshops on Forex / NRE related matters
Achievements:
 Not only checked the declining trend in NRI deposits but also achieved a growth of Rs 300 million within a period of 3 months and Hyderabad Circle moved from 6th to 5th position in NRI business in the Country.
 New Marketing initiatives undertaken for development of NRI business resulted in Hyderabad Circle standing in the first place in inward remittances from USA during my tenure.
 Average complaint redress time was brought down to 1.5 days from 3.7 days.

Company industry:
Banking
Job role:
Accounting and Auditing

Branch Manager

April 2004 - December 2006

State Bank of India

India

April 2004 - December 2006

Work Outline:
 Business Development, Marketing, Acquisition of new customers, Cross selling of TPP
 Loan management including Sanction and Renewal of credit proposals of SME, Corporates and Retail credit.
 Responsible in meeting Compliance & Regulatory requirements
 Delinquent and NPA Loan Management.
 Migration of customers to alternate channels viz., ATM and Internet Banking.
Achievements:
 Led the branch to become No. 1 in Personal Banking Business and No. 2 in SME business at the Centre.
 Deposits increased from Rs 120 mm to Rs 240 mm, advances from INR 210 mm to INR 510 mm, net profit from INR 12.80 mm to INR 28.90 mm and NPAs reduced by INR 16.3 mm.
 Identified the potential for Citrus farming in the area and by intense marketing, achieved 400% growth in agriculture lending during the period. .
 Added 5600 new accounts to the branch books.
 Deputation to Kuwait in September 2005 for the process of Redemption of IMDs. Mobilised NRI deposits of USD 28 million in one month against the target of USD 20 million.
 Awarded as Best Branch Manager in the State for two years in succession
 Received an internal audit score of 76% and 78% in two consecutive audits.
 Settled one NPA account of Rs 120 mm outstanding for more than 10 years in the branch books under compromise

Company industry:
Banking
Job role:
Accounting and Auditing

Asst Manager (FCNB & RFC), Dy Manager (Forex)

September 2001 - March 2004

State Bank of India

Hyderabad, India

September 2001 - March 2004

Work Outline:
 Maintenance and Marketing of FCNR, RFC deposits.
 Maintaining liaison with foreign Offices / exchange companies.
 Forex desk, Nostro Reconciliation and handling of SWIFT
Achievements:
 FCNB & RFC deposits improved by Rs 800 mm during the tenure.
 Handled redemption process of Resurgent India Bonds and successfully attracted deposits of INR 400 mm for the Circle.
 Attracted more than 1, 000 new customers
 Reconciled more than 6, 000 Nostro entries (90% of the outstanding entries)

Company industry:
Banking
Job role:
Accounting and Auditing

Asst Manager (Advances)

July 1999 - August 2001

State Bank of India

India

July 1999 - August 2001

Work Outline:
 Developing advances portfolio.
 Reducing Non Performing Assets.
Achievements:
 Advances increased by 110% during the tenure
 Processed 1, 300 new loan applications during the period against the total existing loans of 1, 120 at the time of taking over
 Successful in bringing down Non Performing Assets from 54% to 8%
 Settled a record number of 253 NPA and written-off loans under One Time Settlement Scheme of RBI

Company industry:
Banking
Job role:
Accounting and Auditing

Clerical and Trainee Officer

June 1984 - June 1999

State Bank of India

India

June 1984 - June 1999

Customer relationship management, Maintenance of Accounts, Reconciliation, Balancing, Preparation of reports etc

Company industry:
Banking
Job role:
Accounting and Auditing

Education

D N R College

March 1982

March 1982

Bachelor's degree, Commerce - B.Com

India

GPA (percentage): 70%

GPA (percentage): 70%

Got distinction in B.Com

Skills

Quantitative Finance
Expert
Quantitative Finance
Expert
Banking Operations
Expert
Banking Operations
Expert
Internal Audit
Expert
Internal Audit
Expert
Equipment Finance
Expert
Equipment Finance
Expert
Customer Insight
Expert
Customer Insight
Expert
Computer proficiency
Intermediate
Computer proficiency
Intermediate
Anti Money Laundering analysis
Intermediate
Anti Money Laundering analysis
Intermediate
Quantitative Finance
Expert
Quantitative Finance
Expert
Banking Operations
Expert
Banking Operations
Expert
Internal Audit
Expert
Internal Audit
Expert
Equipment Finance
Expert
Equipment Finance
Expert
Customer Insight
Expert
Customer Insight
Expert

Languages

English

Intermediate

Hindi

Intermediate

Telugu

Expert

Memberships

Indian Institute of Bankers

Certified Associate

May 1992

Training and Certifications

Training
Anti Money Laundering & Countering Financing of Terrorism
Banking of Indian Studies, Kuwait
Feb 2014
Branch Management
State Bank of India Staff College, Hyderabad
Jun 2005
NRI Banking and Forex
State Bank of India Staff College, Gurgaon, India
Jan 2000
SWIFT, Core Banking Solutions
State Bank Institute of Information and Communication and Management, Hyderabad, India
Sep 2003

Recommendations

SUDHAKAR EKKIRALA

May 2013

May 2013

Asst General Manager, State Bank of India, Industrial Finance Branch, Hyderabad, IndiaColleague

I know Mr Latchi Raju very closely for the past 17 years as colleague in State Bank of India. He is an embodiment of hard working, highly dedicated and committed officer, an excellent mentor to his subordinates, an effective leader of his team and a good friend in need to all those who work with him. He had held various challenging assignments in business development across major verticals during his 27 years of tenure in SBI, viz., Liability products (deposit mobilization), Retail and wholesale credit/banking, NRI Services, Personal and Private Banking, Agriculture banking, Inspection and Audit, etc. He had effectively worked as Asst Manager (Credit) and delivered the role of risk assessment, credit appraisal, credit delivery and post sanction follow up activities in agriculture, small and medium enterprises and personal banking areas. His risk assessment, credit appraisal and follow up skills are exceptional in respect of financing SMEs. He maintained excellent personal relationships and rapport with almost all the customers (numbering in thousands), during his stint in Personal Banking area. He won laurels from many an NRI customer during his tenure as Manager (NRI services) and because of his rendition of excellent customer service, sizeable deposits walked in to the books of the bank. Although he comes from a semi urban background, he had developed an excellent flair towards effectively communicating both verbal and written, networking and interpersonal relationships, ability to build teams and lead them effectively and making crisp presentations. I have personally seen him from close quarters growing and developing in the Bank ahead of many, due to his continuous hard work, sincerity, indomitable determination, steadfastness, high level of integrity and commitment. He is considered to be an asset to the organization for which he works. My recommendations are 100% in favour of Mr Latchi Raju.

Hobbies and interests

Playing Badminton, Table Tennis, Photography

Club champion in Badminton and Table Tennis, represented college for Basketball team, represented school for football team.