RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase

RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase

Daily Current Affairs   /   RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase

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Category : International Published on: January 30 2023

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  • JPMorgan Chase & Co. has received approval from India’s central bank to name Prabdev Singh as the lender’s chief executive officer in the country.
  • Singh had been JPMorgan’s interim CEO since November, replacing Madhav Kalyan who — in October — was named head of payments for Asia Pacific.
  • Prabdev Singh is a trained engineer and has worked for a decade at HSBC Holdings Plc before joining JPMorgan in 2010.
  • The Wall Street firm, JPMorgan, traces its presence in India back to 1922 and started commercial banking operations in the country about 15 years ago.
  • JPMorgan has four commercial bank branches in the country.
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