NEWS & ADVICE : AUTO INSURANCE
HDFC Bank increases focus on investment banking; hires 3 executives for key positions
By Neelima Shankar
Oct 4, 2012
Print    Email    RSS   

Predicting an increase in business with the restoration of investor confidence, private sector bank HDFC bank has made appointments to three key positions for its investment banking division. It has appointed Mr. Abhishek Sharma as head of its pharma and healthcare division, Mr. Ajay Gupta to lead its infrastructure finance business and Mr. Akshay Dixit as the chief of its financial services segment. All three appointments were made over the last two months.

Prior to his appointment at HDFC Bank, Mr. Sharma was Vice President of investment services provider, MAPE Advisory. Mr. Ajay Gupta provided his services to GE Capital as its Senior Vice President and the Head of its infrastructure finance segment, while Mr. Dixit also worked in MAPE Advisory as its Associate Director.

It is reported that the Mumbai headquartered HDFC Bank intends to develop its investment banking division from within its existing resources rather than taking over other investment banking firms. This means that the bank wants to shift from being a consumer bank to an investment and corporate banking firm.

The bank shifted its focus towards investment banking in fiscal year 2011-12, in the month of April, when it appointed Mr. Rakesh Singh of Rothschild as the Chief of its investment banking division. At present, there are about 25 executives working under Singh.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
An insight into two wheeler insurance
Guide to get a an auto insurance claim...
Kinds of auto insurance coverage
Factors affecting car insurance premium
Tips to reduce Auto Insurance Premium


last six months statement
CHECK MY ACCOUNT BALANCE CENTRAL BANK OF INDIA A/C...
{{Banaswadi}}Indipendent ℂall Girℒs Iℕ...
CDS/CRTR/
ministatement
Why is it necessary to compare health insurance online?

NEWS THIS WEEK
New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive