Mr. Parag Rao has over 30 years of diverse experience in Banking / FMCG. Since 2002, Mr. Parag Rao has been associated with HDFC Bank, for whom he has run multiple P&Ls and large Pan-India teams. He has played a leadership role in transforming and maintaining HDFC Bank as a market leader in the payments and acquiring space since 2010. He has also headed the Technology & Digital Transformation function of the Bank to conceptualize, run & deliver the technology and digital transformation agenda of the Bank. In the last few years, he has also headed the liability product management group of the Bank.

He has played stellar growth roles sitting on the Boards of HBL Global (HDFC Banks Sales Subsidiary) since merged with HDB Financial Services, HDFC Ergo (Non-Life Insurance subsidiary of HDFC Bank) and National Payment Corporation of India (NPCI). He has also played a pivotal role on the Asia Pacific Client Council of VISA Inc and Global Advisory Board of Diners International Inc.

His experience spanning across FMCG & Retail Banking sectors includes stints with Crompton Greaves, Cadburys, Hindustan Unilever, Pepsico India, IBM Global Services.

Mr. Parag Rao has completed B. Tech from Regional Engineering College (REC), Jamshedpur and MMS from S.P. Jain Institute of Management.