Dr. Prakash Bakshi has assumed charge of the office of the chairman of the national bank for agriculture and rural development (NABARD). A doctorate in economics, Dr. Bakshi started his career as a lecturer at Ravishankar University, Raipur before joining the Reserve Bank of India in 1979. Before being appointed as Chairman, Dr. Bakshi has been handling the responsibilities as executive director of NABARD and was in charge of various departments such as Cooperative revival and reforms, institutional development, farm sector, non-farm sector, micro credit innovations and financial inclusion initiatives.
One of the major responsibilities of Dr. Bakshi has been in designing the Organisational and Business Restructuring of NABARD and spearheading initiatives in Cooperative portfolios, Core Banking Solutions for Cooperative Banks, rural infrastructure and direct financing.
He also headed the Kerala and Tamil Nadu Regional Offices of NABARD. Dr. Bakshi was member of the team that designed and replicated the ‘Self Help Groups (SHGs) – Bank Linkage Programme’ which is today the largest and fastest growing microFinance Programme of the World.
Dr. Bakshi has a number of international studies and presentations to his credit and is regularly invited by international agencies for talks on microFinance and developmental issues.