Tag: corporate banking

  • Standard Chartered India ropes in P.D. Singh as new CEO from April 2025

    Standard Chartered India ropes in P.D. Singh as new CEO from April 2025

    MUMBAI: Standard Chartered has announced the appointment of P.D. Singh as its chief executive officer (CEO) for India, effective 1 April 2025. Singh will succeed Zarin Daruwala, who is set to retire on 31 March 2025, after an illustrious tenure at the helm.

    Bringing nearly 30 years of experience in banking and finance, Singh holds a double MBA alongside an engineering degree. His career spans leadership and coverage roles across top European and American banks, making him a formidable force in the industry.

    Before joining Standard Chartered, Singh served as CEO of JP Morgan Chase Bank NA India. Prior to that, he spent a decade at HSBC, where he held multiple leadership roles in corporate and commercial banking.

    With deep industry knowledge and a track record of steering financial institutions to success, Singh’s leadership is expected to drive innovation, strengthen client relationships, and accelerate Standard Chartered’s growth in India. His global exposure positions him well to navigate the evolving financial landscape while ensuring continuity and stability.

    As Daruwala prepares to retire, Standard Chartered acknowledges her significant contributions to the bank’s success in India. Under her leadership, the bank witnessed remarkable expansion and innovation, solidifying its position in a competitive market.

    Singh’s appointment signals a bold step towards the future, reinforcing Standard Chartered’s commitment to leadership in India’s dynamic banking sector.

  • Indian Bank welcomes Binod Kumar as managing director & CEO

    Indian Bank welcomes Binod Kumar as managing director & CEO

    MUMBAI: Indian Bank has appointed Binod Kumar as managing director & chief executive officer. With over 30 years of diverse banking experience, Kumar previously served as executive director at Punjab National Bank (PNB), where he oversaw key divisions including corporate banking and treasury.

    Throughout his career at PNB, Kumar held several notable positions, including chief general manager of corporate credit and CEO of PNB operations at the Dubai International Financial Centre. He is recognised for driving innovation and enhancing customer experience in the banking sector.

    An alumnus of NIBM, Kumar holds a post graduate diploma in banking & finance, as well as certifications in financial risk management & treasury investment. He is also a graduate of a leadership program at IIM Bangalore.

    Under Kumar’s leadership, Indian Bank aims to strengthen its market position, deepen customer relationships, and continue delivering exceptional financial services nationwide and at select international locations.