rajnikantpatel-blog

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The many sides of Rajnikant Patel BSE that people don’t know

The name of Rajnikant Patel BSE has a reputation in the World of Finance. His extensive understanding of the financial service is exactly what made him excel in his domain. It also earned him the reputation of being the best financial expert. There is very little doubt about his expertise in this field. However, what people rarely know is that there is much to this man other than his successful career in the Corporate World.

Decades of experience that leads to the incredible career of Rajnikant Patel

It is true that years of experience make a man great at his work. A prime example of that is Rajnikant Patel. Patel has 33 years of experience that makes him a financial expert. It is his sound knowledge and application of finance that allowed him to pave his way to the top. He has worked with companies such as Indian Commodity Exchange, Bombay Stock Exchange and Reliance Spot Exchange that has added immense value to his work skills.

In order to work for such big conglomerates, one needs to possess the necessary skills and knowledge to overcome all obstacles and win every challenge thrown. Rajnikant Patel’s excellent background education helped him to do that.

Apart from having a degree in B.com, he went for various certificate courses in order to enhance his skills. His training in such courses is what edged him on and made him so successful.

The other interests of Rajnikant Patel BSE

The interests of Rajnikant Patel are not limited to his career primarily. While it is true that he perused every available tool to excel in his field; however, it is not limited. His hobbies include an interest in motorbikes too. He participated in the All India Motorcycle Rally for National Integration that took place from Delhi to Kanyakumari and back to Delhi.

The event organized by the YHAI and the Ministry of Sports proved to be hugely successful. Moreover, he was felicitated by Smt. Margaret Alva, the then Minister of Sports and Youth Affairs.

He has a reputation for his photography skills as well. While the finance world doesn’t let him express his creativity that well, however, the world of photography holds no limit for him. His works are usually on display in his own home and office.

He is a curator of books and loves them. He is often a regular guest on various shows on both radio and television, imparting words of wisdom to thousands who want to be like him.

Other than that, he takes a keen interest in the development of the Youth as far as the education needs are concerned. Rajnikant Patel is the trustee and president of a 71-year-old NGO that provides education to the underprivileged children.

Furthermore, he also works with various boards and institutions to enhance existing programs related to finance and create new ones. For example, in the year between 2001 and 2008, he established a full-time MBA program that specialized in Capital Markets, a first in India in collaboration with NM University.

Thus, the contribution of Rajnikant Patel BSE is not limited to just one, but multiple spheres.

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Rajnikant Patel BSE - Professional skills for his progressive growth

Rajnikant Patel posses many professional skills and has adopted various advanced techniques in handling tough financial situation. He was aware about the work profiles from the lower staff to the higher executives in financial firms. Being a banker he was highly skilled in utilizing the regulations in an optimum way for the welfare of the public. His friendly approach towards the public enabled him to establish many successful financial plans during his service period in the banking industry. Rajnikant Patel BSE was a renowned financial scholar with boundless knowledge in the field of finance and stocks.

A wise planner

Rajnikant Patel served as one of the top executives in various organizations such as Bombay stock exchange, Reliance spot exchange, Indian commodities, in the banking sector etc. He had ample opportunities to take up crucial decisions at the time of financial planning and forecast processing. Being a wise planner he was able to guide the organization in a progressive path without any regrets. His updated skills in the field of analysis make him unique and help him to bring about constructive changes in the firm. He has designed various effective tools in identifying the deviations of the business processing from the planned procedure. Moreover his financial analysis enable the firm to think about diversification plans, changes in the working process, introduction of new products in the competitive market, other investment plans etc. Most of the crucial decisions have been taken in accordance with the financial analysis.

Updated knowledge

Being a consistent learner he always keeps his financial skills updated in pace with the international standard. He used to have a closer look on the international firms related to their financial issues which come across in their day to day activities. In most of the international gathering he used to collect relevant and useful facts related to finances in order to implement in his own country. Rajnikant Patel had a firm determination to make the Bombay Stock Exchange into a billion dollar company. His consistent hard work along with the cooperation with his fellow colleagues he had made his dream come true. When he resigned from BSE the firm has reached the top position in terms of financial management. Due to his service minded attitude he was able to succeed in his every step with innovative changes. This highly skilled Rajnikant Patel is considered as a boon to the financial service industry.

Effective leadership

Rajnikant Patel has adopted unique leadership strategy to guide his fellow workers in a progressive growth.  More than a commanding approach he used a friendly relationship with his colleagues for effective administration. He has provided valuable assistance to the employees in the firms for the completion of tough tasks. As a leader he was able to analyze the individual capabilities and provide them with appropriate work for better results. Rajnikant Patel BSE has contributed a lot in the financial growth of the country and due to his consistent hard work he has brought about drastic improvement in various financial firms.

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Rajnikant Patel BSE: His Banking Sector Experiences

We have heard of one too many people who were thrust into high positions without the necessary education, training and work experiences – and floundered in their roles and responsibilities. Rajnikant Patel BSE, fortunately, isn’t one of them!

His success as a well-respected banker came from a combination of his comprehensive education, training and work experiences, as well as his effective, efficient and responsive leadership. His charismatic personality has also won over even his staunchest critics once they get to know him in a more personal manner.

Rajnikant Patel wasn’t thrust into the highest positions in the banking industry either. He had to work his way up the corporate ladder and, thus, learned the crucial knowledge and skills for his continuing success. Here’s his banking career in a nutshell.

Bank of Maharashtra (1980-1983)

Indeed, Rajnikant Patel BSE started with a humble job at the Bank of Maharashtra. For three years, from 1980 to 1983, he worked as a clerk and cashier at the bank where he learned the ropes, so to speak, of the Indian banking industry.

He learned many banking activities that were valuable in his future roles as assistant general manager at the Reserve Bank of India. After all, the most effective leaders have once been the most effective followers! His duties as clerk and cashier included dealing with customers including grievance redress, handling client deposits and withdrawals, and reconciling the books.

State Bank of Saurashtra (1983-1984)

Rajnikant Patel was an officer at the State Bank of Saurashtra for only a year, from 1983 to 1984, but he ensured that he learned as much as he can there, too. His dedication to every job and his strong sense of ethics that he holds will not allow him to slack off on any part of his profession. His one-year experience at the bank also added to his store of knowledge.  

At the State Bank of Saurashtra, he was in charge of all-important poverty alleviation projects implemented by the Government of India. These were the projects for the urban poor and unemployed youth with his job dealing more with loan disbursements in his capacity as the nodal officer for the bank. He was also entrusted with a wide range of branch banking activities including interbank reconciliation of accounts.  

Reserve Bank of India (1984-1997)

After his resignation from the State bank of Saurashtra, he became the assistance manager at the Reserve bank of India from 1984 to 1997. His 13 years with the bank proved fruitful as he learned the ins and outs of the banking industry, as well as the rules and regulations governing the finance services industry as a whole. He thanked his stint here, too, for his effective leadership at the Bombay Stock Exchange.

Even while Rajnikant Patel BSE isn’t technically in the banking sector anymore, his banking experiences are things that he still look back on with fondness. This isn’t surprising as his first love was banking and one doesn’t forget his first love so easily.

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Rajnikant Patel BSE: Achiever, Educator, Leader

Rajnikant Patel BSE is a man who makes sure that he get things done. His 33 years of executive experience in India’s financial services sector speaks for itself. He has accomplished a lot of great things in his career that he is now sharing his expertise by advising companies on effective corporate strategy. His strategy advice focuses on contemporary and innovative areas for diversification, products and services, enhancing service delivery channel, change management, process review, and of course, improvement.

Support for Training and Education

Patel’s passion is not just confined within the financial service sector. He is also a keen supporter of training and education. In fact, he initiated and launched post graduate management degree programs, professional training programs, and certificate courses. He remodelled capital market training institute and launched professional management development programs, both at the national and international level. He is also a regular faculty and trainer for certification programs intended for Independent Directors.

His support for training and education also reflects on his educational background. He is an M.Com graduate and holds an LLB degree with additional qualifications in CAIIB (I). He also has a Certificate in Banking, Certificate in Treasury and Forex Management, and he is a certified Chartered Business Administrator, Certified Financial Consultant, and Certified Internal Auditor as certified by the ISO.

Career and Work Experiences

Rajnikant Patel spent many years working in the banking industry. He worked his way up, starting as a clerk and cashier at the Bank of Maharashtra in India. From there, he became a Bank Officer, Assistant General Manager, and Deputy Head for Inspection and Audit for BNB Paribas.

His big break was when he joined the Bombay Stock Exchange in March of 2001 as the Director for Surveillance and Inspection. Just two years after he joined the company, he was promoted to the position of Chief Operating Officer as well as Chief Financial Officer. After one year, September 2004 to be exact, he was appointed as the Executive Director and Chief Executive Officer of BSE.

The BSE is the oldest exchange in Asia being more than 130 years old. It is a remarkable institution which has evolved and progressed through the years. When Patel joined the BSE, he also made sure that he contributes to keep it at par with international standards. He was the driving force behind different initiatives and measures for the Surveillance Department where he first started. In fact, it was during his directorship that the department was awarded with the prestigious ISO 9001:2000. The certification was made extra special because BSE was the first in Asia and the second in the world to be ISO certified.

The career of Rajnikant Patel BSE is definitely a very successful one. He is a testament t of how one can climb the ladder of success, rise from the ranks and move up to one of the highest positions in a company.    

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How Rajnikant Patel BSE Made History In Financial Sector Continuously ?

Mr. Rajnikant Patel BSE served as CEO and managing director of Bombay stock exchange limited holding the responsibility for the demoralization and corporatization of BSE, thus making it a billion dollar institution. Mr. Patel has also served as an MD and chief executive director of Indian commodity exchange limited in the year 2012. Rajnikant Patel has also been honored with various awards and recognition and has been a part of important associations and committees. He also worked in close relationship with SEBI and Ministry of Finance for devising the policy. He has executed divestment of BSE developing approximate valuation of Billion US dollar. He brought into effect an integrated real time online surveillance system with innovative and cutting edge technology basis for reliability, quick execution and cross segment MIS. It was during his time, BSE got ISO certification thus making BSE the first ever Asian exchange and second worldwide.

BSE received gold medal for best annual reports in the financial sector continuously for two years from ICAI. He worked with Institute of Chartered Accountants of India to introduce XBRL standard in the country. He also owns the credit for having launched first full time MBA program in India with specialization in capital markets along with NM University. He has remodeled BSE training institute from being brokers training as an International capital market institute. He also introduced outbound international program for executives in India and inbound executive financial market program for overseas participants. Rajnikant Patel has made BSE institute as a profit center for Bombay stock exchange and received international recognition. For corporate governance for BSE he won prestigious golden peacock award and also a recipient of Business Superbrand Award.

His service with the most reputed finance institution BNP Paribas as Deputy Head in the year from 1997 to 2001 also deserves mentioning. As a deputy head for inspection and audit, he was accountable for internal control, risk management, O and M process validation as well as integration, regulatory compliance and new product validation with RBI requirements. He also served the country’s esteemed bank Reserve bank of India in the year between 1984 and 1997, where he was engaged in the areas like bank inspection, branch licensing policy, open market operation, government borrowing program, RBI central board of directors, electronic debit/credit system, in charge of repayment of special bearer bond 1991, national electronic fund transfer, national clearing house and managing IBM mainframe system function for MICR national cheque clearing system. He has also worked as prosecuting officer for reserve bank of India under the evacuation of unauthorized occupants act.

In the earlier period of his career, Rajnikant Patel BSE worked as a clerk cum cashier with Bank of Maharashtra and state bank of Saurashtra, where he had taken up the tasks involving all branch banking activities, customer service and customer grievance redressal, inter bank settlement and reconciliation, etc. From among the series of awards and recognition he received, few of them are Indira Super Achiever award, HR excellence award, India’s Greatest HR professionals awards and so on.