The move comes in line with SBM Bank India’s focus on expanding and strengthening its service capabilities for corporate and retail clients
To enhance its focus on both business growth and customer satisfaction, SBM Bank India has onboarded two senior executives to its leadership team. Prakash Jaiswal has been appointed as the head of corporate banking, while Nikhil Rajadhyaksha has taken charge as the head of retail banking. The move comes in line with SBM Bank India’s focus on expanding and strengthening its service capabilities for corporate and retail clients.
Prior to joining SBM Bank India, Jaiswal was the Managing Director and Country Head of Business Banking (SME and Startups) at HSBC Bank India. He has also held senior positions in Corporate Banking at Yes Bank, ICICI Bank, and EXIM Bank. Jaiswal’s experience spans managing business P&L, strategic growth initiatives, and client relationship management.
“Corporate banking is integral to SBM Bank India’s growth aspirations, and I am excited to contribute to this transformative journey. I am eager to leverage the Bank’s strong foundation and collaborate closely with our valued clients, offering tailored solutions that align with their specific business needs,” stated Jaiswal.
Rajadhyaksha brings over 25 years of expertise across retail assets, liabilities, credit cards, third-party products, digital banking, and bank partnerships.
“I am honoured to join SBM Bank India at a pivotal juncture for retail banking. The sector is experiencing transformative changes, driven by technology and evolving customer expectations. I look forward to leading initiatives that will shape our retail banking portfolio and deliver our customers a seamless, responsive, and enriched banking experience,” stated Rajadhyaksha.
Before joining SBM Bank India, Rajadhyaksha served as Joint President – Offline Businesses and Third-Party Products at Kotak Securities. He has also held leadership roles at Kotak Mahindra Bank, ING Vysya Bank, Citibank, and HCL Infosystems.
“We are delighted to welcome Prakash and Nikhil to our leadership team. Their extensive experience and proven track records will be instrumental in adding impetus to our strategic goals and further enhancement of our banking proposition,” stated Ashish Vijayakar, Managing Director (MD) and Chief Executive Officer (CEO) of SBM Bank India.
