Pranay Bhute

Results-driven Banking and Finance Professional with over 14 years of extensive experience across Credit Underwriting, Risk Assessment, and Collections Management. Demonstrated track record at premier institutions like HDFC Bank and Bajaj Finance, managing multi- million rupee lending portfolios for Auto, Personal, and Mortgage loans. Expert in mitigating credit risk, accelerating delinquent account recoveries, optimizing Turnaround Time (TAT), and leading high-performing agency teams.

Collection Manager at HDFC Bank (2024-04 – Present)

• Managed a high volume portfolio of delinquent home loans to ensure timely recovery & prevent accounts from slipping into NPA
• Conducted regular tele calling, field visits & customer meetings to resolve payment defaults
• Analyzed customer financial profiles to negotiate viable repayment plans & settlements
• Initiated & managed legal recovery procedures under the SARFAESI act
• Co ordinate with legal advisors, resolution agents & local authorities for the symbolic & physical possession & auction of mortgaged properties.
• Handled the resolution of critical, long overdue home loan accounts through persistent follow ups.

Collection Manager at HDFC Bank (2020-06 – 2024-03)

• Manage the end-to-end Auto Loan collection portfolio, focusing on the critical 30-120 days delinquent buckets.
• Strategies and execute complex loan restructuring, settlement cases, and asset repossessions (Repo cases).
• Lead and mentor a recovery agency team of 7 personnel, including the Agency Supervisor, to meet strict monthly recovery targets.
• Conduct regular asset yard visits and formulate comprehensive compliance and audit inspection reports.
• Maintain absolute data integrity by updating daily MIS reports and monitoring potential NPA account visits.

Credit Manager at HDFC Bank (2019-01 – 2020-05)

• Exercised credit underwriting authority up to ₹10 Lakh for Used Car and ₹30 Lakh for New Car loan products.
• Evaluated and approved complex Balance Transfer (BT) and Top-Up loan applications.
• Conducted rigorous due diligence by verifying residential/office verification reports and asset valuation documents.
• Utilized internal risk systems to perform comprehensive Risk Assessment Cluster (RAC) checks.

Credit Manager at Bajaj Finance Ltd (2018-01 – 2019-01)

• Spearheaded credit underwriting and asset appraisal for the Used Car auto loan portfolio.
• Underwrote high-value Balance Transfer (BT), Sale-Purchase, and Top-Up cases.
• Optimized the daily credit buying workflow to consistently maintain low Turnaround Time (TAT) and high approval ratios.

Assistant Credit Manager – PLCS at Bajaj Finance Ltd (2015-12 – 2017-12)

• Formulated credit risk assessments and appraisals for Personal and Consumer Loan products.
• Enforced strict due diligence frameworks during customer application screening, financial evaluation, and loan sanctioning.
• Supervised the credit buying process, ensuring quality checks, sample reviews, and strict process adherence.
• Identified risk deviations and formally presented structured mitigation strategies to Regional, Zonal, and National Credit Heads.

Credit Officer at Indiabulls Housing Finance Ltd (2013-06 – 2015-11)

• Underwrote high-volume Home Loans, Loans Against Property (LAP), and Mortgage products.
• Prepared Credit Appraisal Memorandums (CAM) to accurately evaluate applicant creditworthiness for senior management review.
• Analyses KYC compliance, CIBIL status, and bank statements to identify adverse repayment traits or past delinquencies.
• Verified pre-disbursement and post-disbursement documentation to protect organizational financial exposure.

Credit Process Associate – Loans Department at Citi Bank (via Veera Raghavan & Co. CA Firm) (2011-10 – 2013-06)

• Managed the initial login and on-boarding documentation for Business Loans (BL), STFT, and SME loan products.
• Liaised with third-party technical and verification agencies to accelerate background report turnarounds.
• Compiled and cross-verified critical legal loan documentation to streamline the final disbursement process.

B.Com in Accounting & Finance – VIVA College, Mumbai University (2011)

HSC in Commerce – VIVA College, Maharashtra Board (2006)

SSC – KMPD School, Maharashtra Board (2004)