Ramachandran Is Stanchart Consumer Banking Head

Standard Chartered Bank today announced the appointment of Vishu Ramachandran as head of consumer bank, India, with immediate effect. Ramachandran had been holding the fort for the past couple of months ever since Harpal Dugal, former consumer banking head, resigned.

In his new role, Ramachandran will oversee the strategic direction and growth of the five consumer banking value centres -- secured loans, unsecured loans, wealth management, branch banking and Standard Chartered finance. He will be responsible for product development, sales and marketing, service delivery, building a strong brand and team to acquire critical competencies for consumer banking.

Jaspal Bindra, regional general manager of the Standard Chartered Group, India & Nepal said: "Vishu's talent, expertise and background are tailor-made for the plans we have for giving a massive thrust to our retail position in India".

 

Immediately prior to this appointment, Ramachandran was heading Standard Chartered's global products in the area of mortgages and auto, based in Singapore. He joined the bank in India in 1986 and has held several portfolios in the consumer bank both in India and Singapore.

In a press statement, Standard Chartered Bank stated that the group's consumer banking operations will be the critical driver for expansion and profit growth in the country over the next few years. "India represents significant growth potential," said Mike DeNoma, group executive director and head of the bank's global consumer bank.