Nilay Umalkar
Product Head - Retail Trade Forex and Debit Cards
- Role
- Product Head - Retail Trade Forex and Debit Cards at RBL Bank
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Nilay Umalkar
I’m a strategic banking leader with over 28 years of experience across Retail Forex, Trade Finance, Remittance, and Cards. At RBL Bank, I’ve built and scaled the Retail Forex Business Unit from the ground up—transforming it into a digitally enabled, multi-product franchise. I currently lead the Trade & Forex (TFX) and Debit Cards verticals with full P&L ownership, driving innovation, compliance, and growth.My core strength lies in converting vision into scalable business models. I’ve launched industry-first digital journeys for outward and inward remittances, developed Prepaid Forex and International Debit Cards, and led process transformation initiatives that drastically improved turnaround times and customer experience.I thrive on cross-functional collaboration, regulatory alignment, and stakeholder engagement. Whether it’s building new revenue lines, enabling front-line teams, or driving innovation through RBI Sandbox participation—I bring execution excellence and strategic foresight to every initiative.I’m passionate about shaping the future of banking through embedded finance, digital ecosystems, and customer-centric product design.
Experience
Product Head - Retail Trade Forex and Debit Cards
May 2024 — Present · Mumbai, IN
Education
Indian Institute of Advance Management
Master of Business Administration (M.B.A.), Finance, General
2005 — 2007
College of Engineering, Badnera
Enginnering, Mech
1991 — 1995
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