HDFC Bank Appoints Former ICICI Executive Rakesh Singh as New Head of Wholesale Banking

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HDFC Bank has appointed Rakesh Singh, a former senior executive from rival ICICI Bank, as its new Head of Wholesale Banking. Singh previously led ICICI's investment and corporate banking divisions. The appointment was announced by HDFC Bank on Thursday. He will replace Samir Bhatia, who is retiring after a long tenure. This move is seen as part of HDFC Bank's strategy to strengthen its wholesale and investment banking operations.

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