Sanjiv Bhasin, MD and CEO of Rabo India Finance, the 100% subsidiary of Rabobank International, has put in his papers. He is moving to head Singapore bank DBS’ India operations. Mr Bhasin will replace Pranam Wahi, who is the current CEO of India operations.
Mr Wahi is moving to Singapore. He will be the new global head for Singapore bank’s global transaction services (GTS). This includes trade finance, securities services and fiduciary services.
Mr Wahi has been heading the operations for DBS from 2004. Since then, the bank has been aggressively increasing its India operations. Of the eight licences it received, DBS has already soft-launched branches in Pune, Kolkata, Chennai and Bangalore.
A full launch of these branches is expected by the end of the month, said sources. It will open the remaining branches by the year end.
Sunday, August 17, 2008
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