Last Update: April 20, 2023, 11:43 AM IST
HDFC Bank and HDFC are going to merge by June-July.
RBI’s approval was received on the same matter following the recommendation of the Board of Directors of HDFC Bank.
The country’s largest private sector lender, HDFC Bank on Wednesday, April 20 said that the Reserve Bank of India has approved the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director of HDFC Bank for a period of three years. Have given From 19 April. RBI’s approval was received on the same matter following the recommendation of the Board of Directors of HDFC Bank.
HDFC Bank and HDFC are going to merge by June-July.
Kaizad Bharucha is a banker for over 35 years and has been associated with HDFC Bank since 1995. In his current position as Executive Director, he is responsible for Wholesale Banking covering the areas of Corporate Banking, PSUs, Capital & Commodity Markets, Financial Institutions, Custody. , Mutual Fund, Global Competence Center and Financial Sponsor coverage and Bank coverage.
In his earlier position as Executive Director, Bharucha looked after Corporate Banking, Emerging Corporate Groups, Business Banking, Health Care Finance, Agriculture Credit, Tractor Financing, Commercial Vehicle Finance, Commercial Equipment Finance, Infrastructure Finance, Special Operations Division and Inclusive Banking. responsible for the initiative. Group.
Kaizad Bharucha is also the designated director of the Financial Intelligence Unit (FIU) and the Internal Ombudsman Committee. He has rich and wide experience in Risk Management, Credit Management, Banking and Business Management. Prior to joining HDFC Bank, he worked at SBI Commercial and International Bank in various areas including trade finance and corporate banking. He has also represented the Bank as a member of the Working Group on Committees related to Banking.
Jhaveri is the Group Head-Operations, Cash Management and ATM Products at HDFC Bank. In his current role, he is responsible for business and operations across Corporate, MSME and Retail verticals including Assets, Liabilities & Payment & Cash Management, Trade Finance & Treasury, and ATM Products.
Jhaveri brings with him over 36 years of experience and has headed key functions of Operations, Cash Management and Technology in the Bank. He joined HDFC in 1998 in the Operations function and became Business Head – Wholesale Banking Operations in 2000.
He was appointed as Group Head – Operations in 2009. In his previous role as Group Head – IT, he contributed to the digital transformation of the Bank.
Zaveri has also been a member of various committees constituted by the Reserve Bank of India and the Indian Banks’ Association and has served on the boards of Clearing Corporation of India, HDFC Securities Ltd., HDB Financial Services Ltd. and SWIFT India Pvt. Ltd. Redemption.
Prior to joining HDFC Bank, Zaveri worked for Oman International Bank and Barclays Bank.
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