Former Westpac home finance manager, Ravinesh Singh, has been permanently banned by ASIC from providing financial services and engaging in credit activities following his fraud conviction.

Mr Singh, who worked at Westpac's Market Street branch in Sydney in 2011 and 2012, pleaded guilty to eight charges of dishonestly obtaining financial advantage by deception. Throughout 2011 and 2012, Mr Singh withdrew over $113,000 from ATMs after obtaining eight credit cards using false names.

ASIC Commissioner, Greg Tanzer said Mr Singh had demonstrated he lacked the high standards of honesty, integrity and judgment required of individuals working in the financial services and credit industry.

'Consumers need to have confidence and trust in those providing financial and credit services. Individuals who fail to operate with integrity and in the best interests of their clients will be removed from the industry', Mr Tanzer said.

Mr Singh has the right to appeal to the Administrative Appeals Tribunal for review of ASIC’s decision.