Sudhakar Rao Devarakonda
Current
DGM IDBI Bank
Education
B.Com Cost Accounts & Auditing
Industry
Banking/Financial Services/Broking
About Sudhakar Rao Devarakonda
I am from Hyderabad, A.P. Joined in Canara Bank as P.O. in 1988. Resigned from Canara Bank, joined in IDBI Bank in 1993. So far I have served in Mumbai, Hyderabad, Vijayawada, chennai and at present in kolhapur. I am having experience in construction and at present my venture (construction of 30 independent duplex houses) is under progress at Chirala which is in Prakasham District of A.P.
Sudhakar Rao Devarakonda ’s experience
Professional (e.g. Engg., IT Developer, Marketing Executive etc.)
at
IDBI Bank Ltd
, Chennai, INDIA
June 1993 – Currently Working
Industry: Banking/Financial Services/Broking
Functional area: Accounts / Finance / Tax / CS / Audit
Worked in various functional areas of the bank viz., Project
appraisal and follow-up, Corporate Accoutns Department,
Coordination, Staff Training College, independent Branch Incharge
and Recovery Department. Having good experience in project
appraisals and monitoring of the implementation of the projects.
Sanction of term loans, Disbursements of the loans, followup and
recovery of the loans sanctioned. Further, in the recovery
department I am having experience in issuing the legal notices,
recall of the loan, issuing noticies under SERFAISE ACT.,
Monitoring the DRT/OL/Court cases. Attending the BIFR hearings,
preparing the Draft Rehabilation Schemes etc. I am having
experience in taking over the units in default under various acts
and selling them and recovering the dues.
appraisal and follow-up, Corporate Accoutns Department,
Coordination, Staff Training College, independent Branch Incharge
and Recovery Department. Having good experience in project
appraisals and monitoring of the implementation of the projects.
Sanction of term loans, Disbursements of the loans, followup and
recovery of the loans sanctioned. Further, in the recovery
department I am having experience in issuing the legal notices,
recall of the loan, issuing noticies under SERFAISE ACT.,
Monitoring the DRT/OL/Court cases. Attending the BIFR hearings,
preparing the Draft Rehabilation Schemes etc. I am having
experience in taking over the units in default under various acts
and selling them and recovering the dues.
Professional (e.g. Engg., IT Developer, Marketing Executive etc.) at Canara Bank , Hyderabad, INDIA
November 1988 – June 1993
As probationary Officer in Canara Bank I have worked in Savings
Bank, Current Account, Fixed Deposits, Bills, DD's, L/C's and
Cash departments. Further, I was one of the officer instrumental
in launching the Credit Card in Canara Bank working in Credit
Card Department. I am having overall knowledge of the banking
business being worked in the commercial bank.
Bank, Current Account, Fixed Deposits, Bills, DD's, L/C's and
Cash departments. Further, I was one of the officer instrumental
in launching the Credit Card in Canara Bank working in Credit
Card Department. I am having overall knowledge of the banking
business being worked in the commercial bank.
Sudhakar Rao Devarakonda ’s education
B.Com [Cost Accounts & Auditing],
Badruka College, Kachiguda, Hyderabad [April,1985]
, Hyderabad, INDIA
MBA/PGDM [Finance],
Osmania University [June,1988] , Hyderabad, INDIA
LLM [Torts & Crimes],
P.G.College of Law, Basheer Bagh [June,1997] , Hyderabad, INDIA
Sudhakar Rao Devarakonda ’s additional information
Interests:
I am interested in increasing the construction business. Searching for land at Chennai, as I am having about 50 prospective buyers for apartments at reasonable rates. Also looking out to set up a Bio Gas Power plant near Guntur in A.P. Applied for various approvals from the concerned authorities.
Awards and achievements:
Not yet
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