StanChart India appoints new CEO


Zarin Daruwala has been appointed as chief executive of Standard Chartered Bank in India.

Zarin Daruwala has been appointed as chief executive of Standard Chartered Bank in India.

Currently, Zarin is President of the Wholesale Banking Group at ICICI Bank and brings over 25 years of experience in the industry, having previously led teams in corporate banking, project finance, structured finance, financial institutions, government and public sector banking.

Zarin will be based in Mumbai and report to Ajay Kanwal, Regional CEO, ASEAN & South Asia for Standard Chartered Bank.

The announcement follows the appointment of Sunil Kaushal as Regional Chief Executive Officer for Africa and the Middle East at Standard Chartered Bank.

Kanwal said Zarin’s “proven ability to deliver superior financial performance” made her suitably placed to seize the “huge” opportunities Standard Chartered Bank have identified in India as it seeks to grow its regional presence.

“With outstanding experience and relationships from more than 25 years in the industry, I’m confident Zarin will build on our more than 150 years of history and our leading position as India’s largest foreign bank,” he said.

Standard Chartered Bank is recognised as India’s largest international bank with 100 branches in 43 cities, a combined customer base of around 2 million retail customers and approximately 2500 corporate and institutional relationships. Key clients segments for the bank include corporate and institutional banking, commercial and private banking as well as retail banking.

The bank confirmed that Anurag Adlakha will continue as its acting CEO for India, alongside his existing responsibilities as Chief Financial Officer for India, until Zarin takes up her appointment.