Onkar Nath Singh
Title : Building Wealth
 
Company Name : Allahabad Bank
Designation : Chairman and Managing Director
 
 
       
 

Most great people have attained their greatest success just one step beyond their endurance and Onkar Nath Singh, Chairman and Managing Director, Allahabad Bank could well serve as an example of going one step ahead of his endurance. Singh who has charted his own path of progression during his three decades of career believes in consistency, which is hallmark of success. Always enthusiastic and ready to experiment with new, workable ideas, Singh has played seminal role in giving Allahabad Bank a modern, tech-savvy and customer-friendly Bank.

Singh's works and his contribution to banking speak volumes about his vision and a versatile administrator. After having worked as Executive Director of Bank of India and General Manager, Bank of Baroda, in charge of New York operations, Singh has left a trail of success stories for his successors to emulate. Known for his expertise in credit management, International Banking and Audit and Inspection, Singh is a B Com (Hons) and a Chartered Accountant by qualification. His academic achievement found a befitting match in the Bankings where he has bloomed like a mature and efficient professional.

 

Singh is known for taking up challenges, which few would venture into. A man who believes that success comes in cans and failure in can't, Singh has always taken head-on the most arduous and challenges in his career with a smile. It goes to his leadership quality that he has successfully managed one of the oldest Public Sector Bank that has branches all over India. It won't be exaggeration to say that it's people like Singh who has done proud to Allahabad Bank.

Singh, whose motto has been to increase the Bank's profitability and reach to masses is exploring the possibility of entering into the insurance business through its subsidiary, AllBank Finance Ltd (AFL). Not confining himself to the traditional framework of Banking, Singh is also trying to get into stock broking, wealth management, portfolio advisory, insurance underwriting and structured finance and debt advisory. To make Allahabad Bank one of the most IT-enabled banks, Singh has initiated steps to implement centralised banking solution (CBS) in 400 of its branches and to expand it to rest of the branches. No doubt, with a visionary like Singh commanding the institution, the Allahabad Bank can invest in the prosperity of future.