-
ALSO READ
RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%
RBI MPC: Here is what experts have to say about the policy announcement
RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history
RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us
RBI expects inflation to come down to 4% over the next two years
-
JPMorgan Chase & Co. has received approval from India’s central bank to name Prabdev Singh as the lender’s chief executive officer in the country.
The Reserve Bank of India last week approved a three-year term for Singh, a JPMorgan spokeswoman said in an emailed reply to Bloomberg Tuesday. An email to the RBI wasn’t answered.
Singh had been JPMorgan’s interim CEO since November, replacing Madhav Kalyan who — in October — was named head of payments for Asia Pacific.
The Wall Street firm, which traces its presence in India back to 1922, started commercial banking operations in the country about 15 years ago. JPMorgan has four commercial bank branches in the country, data on its website show.
Singh, a trained engineer, had worked for a decade at HSBC Holdings Plc before joining JPMorgan in 2010, according to his Linkedin profile.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Tue, January 24 2023. 23:36 IST
RECOMMENDED FOR YOU