Mr. Siby Antony is the Chief Executive Officer and Managing Director at Edelweiss Asset Reconstruction Company Limited. He is an Executive Vice President of Edelweiss Capital Limited since July 2008. Mr. Antony serves as a Head of the Distressed Assets Business of Edelweiss Alternate Asset Advisors (EAAA), an alternative investments arm of Edelweiss Capital Ltd. He headed Stressed Assets Stabilisation Fund of the Indian Government.
Heading the ratings team covering the BFSI segment in India. Consulting banks on Risk Management (Credit, Market and Operational) and Derivatives pricing. Providing consulting, developing & validating models for Basel II compliance for Banks with operations in UK, UAE, Singapore, Sri Lanka & India. Project Manager / Head for implementing Credit Risk models at multiple public and private sector Banks. Developed a model and software for Portfolio Credit Risk Management for Banks using Credit Metrics approach. Developed models to measure Credit Risk under various Retail segments. Developed a model and software for Operational Risk Management for Banks and a tool for corporates to comply with Clause 49 / SOX requirements. Developed models for managing the credit risk of portfolios of mortgage backed securities & asset backed securities. Member of the Knowledge & Innovation Council of CRISIL
Shri Tanksale is enriched with a Bachelor degree of Science, a Master degree in English Literature and professional credentials like Fellow member of the Institute of Cost& Management Accountants of India (FCMA); Company Secretary (Inter) of the Institute of Company Secretaries of India; CAIIB. Shri Tanksale has been conferred with several awards, distinctions and accolades during his rich career. He won the GOLDEN PEACOCK HR EXCELLENCE AWARD 2012, PERSON OF THE YEAR for his contribution to Financial Inclusion by SKOCH Foundation, to name a few.
At a time when the world is still in the process of emerging from the Great Recession of the 21st century’s first decade, the financial health of each and every economy gains supreme importance and Indian economy is no exception. Credit growth is one of the essential elements that can help achieve this and though a strong and sustainable credit growth is crucial for a healthy and profitable asset creation, it brings with it the dangers of creating stressed assets.
A report released by the Department of Financial Services in the Finance Ministry in March this year pointed out that over 14 public sector banks faced the severity of stressed assets (Non-Performing Assets and restructured loans) of more than 13.03 per cent of their advances on an average in 2014.
Considering the enormous size of the Indian financial industry, this massive increase in its NPAs (Non-Performing Assets) is a cause of serious concern. Stalled projects, delayed policy decisions, economic slowdown and several macro and micro factors related to the supply & demand and mismanagement of funds have been the causes for the same.
Needless to say, a high level of NPAs can be a serious drag on the overall performance of an economy as their management and financial resources are diverted towards the recovery. Read More
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