Icici Leads Reshuffles In Banking Sector

The banking sector has been witnessing a slew of changes in the top echelons.

ICICI, which leads the pack, has recently promoted Chanda Kochhar, Nachiket Mor, Ramni Nirula and V Srinivasan _ all general managers _ as senior general managers.

Except Nirula, who handles the northern operations from Delhi, all others are from Mumbai. After the promotions, the number of senior general managers in the institution goes up to nine.

Confirming the move, a senior ICICI official said, "These promotions are routine and based on performance."

Kochhar will be heading the infrastructure industry group, major clients group, structured products group, advisory services group and the strategy group of ICICI.

Mor would continue to be in charge of the treasury, e-commerce group and the newly-formed social initiative group. Srinivasan will continue as the managing director and chief executive officer of ICICI Infotech, while Nirula would be heading the northern operations of the major clients group.

Sudhir Joshi has been appointed as the treasury head at HDFC Bank after the departure of Luis Miranda, who joined Chrysalis Capital as chief financial officer.

Joshi was earlier executive vice-president and treasury head at Times Bank and was absorbed into HDFC Bank as a result of the acquisition of the former by the latter.

This would make him the second department head from Times Bank in the consolidated HDFC Bank.

Standard Chartered Bank has appointed Vikas Suri as the head of trading of both forex and money market operations after the exit of Sharat Anand, treasurer, Janak Desai, head, money markets, and Sanjay Bhasin, head, forex.