HDFC Bank appoints K. Balasubramanian as Head of Corporate Banking
Balasubramanian joins HDFC Bank after a stint of over 20 years with Citibank where he rose to be Managing Director – Corporate Banking.
“I am delighted to join HDFC Bank, which I have closely followed and admired for the last several years. It has world-class product offerings, deep client relationships, and excellent talent making it a winning combination in an otherwise challenging business scenario. I look forward to leveraging these strengths and growing the business further," said Balasubramanian who will report to Kaizad Bharucha, Executive Director, who heads the Wholesale Banking business, which contributes about 49 per cent to HDFC Bank’s domestic loan portfolio.
Balasubramanian joined Citibank in 1996 after completing his CA and ICWA. He started his career in finance and soon moved into corporate banking as a relationship manager. He headed corporate bankingfor the eastern, southern and western regions for before being designated India Head for the large local corporate business. He was also a designated senior credit officer all Wholesale Banking business for Citibank India from the business side. During his tenure as Managing Director he led teams at a pan India level and fostered relationships with large corporate houses.
“Bala has a proven track record of leadership and an ability to grow the business. We are confident that with his depth of experience, embedded customer relationships, and breadth of exposure the corporate banking business will go from strength to strength sustaining outstanding delivery and service levels,” said.Kaizad Bharucha, Executive Director, HDFC Bank Ltd.
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