In a strategic move to bolster its business growth and enhance client satisfaction, SBM Bank India has announced the appointment of two senior executives to its leadership team. Prakash Jaiswal has been named the new Head of Corporate Banking, while Nikhil Rajadhyaksha takes over as Head of Retail Banking. These key hires highlight the bank’s commitment to strengthening its offerings across both corporate and retail sectors.
On his new role, Jaiswal commented, “Corporate banking is integral to SBM Bank India’s growth aspirations, and I am excited to contribute to this transformative journey. I look forward to working closely with our clients, offering solutions tailored to their unique business needs and driving sustained success.”
With these appointments, SBM Bank India continues to demonstrate its focus on innovation and service excellence in both corporate and retail banking, paving the way for future growth.
Expressing his excitement about his new role, Rajadhyaksha said, “I am honoured to join SBM Bank India at such a transformative time for retail banking. As customer expectations evolve and technology reshapes the landscape, I am eager to lead initiatives that will deliver a seamless, responsive and enriched banking experience for our customers.”
Prakash Jaiswal, Chartered Accountant (CA) and seasoned banker with over 23 years of experience, brings a wealth of knowledge in commercial banking, financing and transaction banking. His deep understanding of corporate client needs and risk management positions him as a significant addition to SBM Bank India’s leadership. Prior to this role, Jaiswal served as Managing Director (MD) and Country Head of Business Banking at HSBC Bank India, and has held leadership positions at Yes Bank, ICICI Bank and EXIM Bank.
Nikhil Rajadhyaksha, who has over 25 years of experience in retail banking, brings expertise across retail assets, credit cards, digital banking and third-party products. His leadership has been instrumental in expanding both digital and traditional banking sectors. Previously, Rajadhyaksha was Joint President of Offline Businesses and Third-Party Products at Kotak Securities, and has held senior roles at Kotak Mahindra Bank, ING Vysya Bank, Citibank and HCL Infosystems Ltd.
