BWI: Seasoned Bankers Leave Foreign Banks to Join Ratnakar

Press release from Business Wire India
Source: Ratnakar Bank
Friday, February 10, 2012 04:52 PM IST (11:22 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges
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Seasoned Bankers Leave Foreign Banks to Join Ratnakar


Mumbai, Maharashtra, India, Friday, February 10, 2012 -- (Business Wire India) -- Ratnakar Bank, a private sector bank with a strong regional footprint is delighted to announce the appointment of Mr. Joginder Singh Rana as Chief Operations Officer (COO). After a 22 year successful stint at Citibank, Joginder will join Ratnakar Bank in early February and will be based in the Mumbai office. He will be responsible for the Bank's Operations & Administration functions and will also spearhead the Bank's Operational Risk and Compliance framework. Joginder is a seasoned banker and has held senior leadership roles both in Citibank India and overseas.

Ratnakar Bank has also seen additional appointments in the last couple of months including Mr. R. Gurumurthy as Head of Corporate & Institutional Banking, previously heading the FI Strategic Coverage Group for Standard Chartered Bank out of Mumbai and Tajinder Kumar who has joined as the Head of Human Resources; his last corporate role was as the Human Resources Director of Asia Pacific Regional Group Technology & Operations organization of Deutsche Bank AG in Singapore.

Vishwavir Ahuja, Managing Director & CEO of Ratnakar Bank commented "I am truly delighted that these individuals have agreed to take on their respective roles. We know that they are not only a highly talented group and motivated team players but truly understand how to build a strong banking platform and lead people.

These appointments are a significant step forward in delivering our vision and underline, our commitment to the bank's transformation. They will join a highly experienced team across India that is committed to deliver best in banking services - a culture that has been proven to benefit our clients in all regions."

About Ratnakar Bank:

Ratnakar Bank is a scheduled commercial bank established in 1943, with registered office at Kolhapur and a rich business legacy in the region serving the trading, agri & manufacturing sectors through a network of 100 licensed branches spread across Maharashtra, Gujarat, Delhi, Karnataka & Goa. It has assets of around Rs. 5500 crores and deposits of around Rs. 3850 crores as of December 31, 2011. The Bank's leadership includes a highly experienced team with strong credentials. The Bank has recently concluded a very successful equity issue that would enable the Bank to invest in technology, people, process and infrastructure. For more information visit www.ratnakarbank.co.in.


CONTACT DETAILS
Sharon Menezes, REPUTE, +91 9821575383, Sharon.menezes@reputesolutions.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES

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