Srinagar: HDFC Bank has appointed K Balasubramanian as the Head of Corporate Banking, a statement issued by the financial institution said on Monday.
Designated group head, corporate banking, Balasubramanian joins HDFC Bank after a stint of over 20 years with Citibank where he rose to be managing director, corporate banking.
He 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, said the statement. Corporate banking is the biggest contributor to the bank’s wholesale business in terms of assets, revenues and profitability.
“I am delighted to join HDFC Bank, which I have closely followed and admired for the last several years,” Balasubramanian said.