People Track
Yes Bank appoints Uberoi, Adlakha
Yes Bank has appointed Rajeev
Uberoi and Anurag Adlakha to
senior positions in the Bank. Uberoi,
who was formerly in charge of legal
and audit at IDFC First Bank, will
be responsible for management
governance, compliance, vigilance,
legal (general counsel), company
secretarial and control functions at
the bank. Adlakha, who was CFO
for Jana Small Finance Bank, will be
responsible for driving the financial
performance of the bank.New CFO at J&K Bank
The Jammu & Kashmir Bank has
appointed Rajni Saraf as chief
financial officer. In her new role,
she will oversee the bank’s financial
operations that include investments,
capital structure, income and
expenses of the bank. Saraf will be
responsible for the entire financial
operations of the bank.New CFO at Aegon Life Insurance
Aegon Life Insurance has appointed
Satishwar Balakrishnan as the
new CFO. He moves to Aegon Life
Insurance from IndiaFirst Life where
he was CFO. Satishwar is a CA.New CEO at Wealth India
Wealth India Financial Services has
appointed Girirajan Murugan as CEO
of the company. He has been CTO
of the company for over 12 months.
The company has also appointed
Suraj Kaeley as a senior advisor. He
is a veteran of the asset management
industry who was most recently group
president - Sales and Marketing of
UTI Mutual Fund.Kakar director at Satin Creditcare
Microfinance company Satin
Creditcare Network has appointed
Rajeev Kakar as a nominee director on
its board. Kakar will represent Asian
Development Bank on the board of
the company. Currently he is a non-
executive director at Gulf International
Bank, Bahrain & Kingdom of
Saudi Arabia and Eurobank Ergasias
SA, Greece.New MD for National Housing Bank
Sarada Kumar Hota, general manager at Canara Bank, will be the
new MD of the National Housing Bank. His appointment has been
announced by the finance ministry. He succeeds Sriram Kalyanaraman,
who had resigned from the apex housing finance institution. Hota will
have a 3-year term. He was earlier, MD and CEO of CanFin Homes, a
housing finance subsidiary of Canara Bank.Karnam Sekar takes over as MD & CEO at IOB
Karnam Sekar has formally taken over MD & CEO of Indian Overseas
Bank. He was appointed as an officer on special duty and wholetime
director of the bank in April till the time of taking over charge as MD
& CEO. Sekar was MD & CEO in Dena Bank and earlier deputy MD
and chief credit officer in State Bank of India. He joined State Bank of
India as a probationary officer in1983 and he has been handling credit &
branch Operations, working in various geographies including the north-
east. He has also worked in SBI Johannesburg, South Africa.
Y.S. Chakravarti is MD & CEO, SCUF
Shriram City Union Finance has appointed Y.S. Chakravarti as MD and
CEO of the company. He was earlier ED and COO of the company. A
retail finance professional with over 2 decades of experience in the field
of financial services, Chakravarti has also been a director of Shriram
Housing Finance since November 2010. He started his career with
Shriram Group in 1991 and moved to Shriram City Union Finance in
2008, handling the business in Andhra Pradesh which contributes close
to 40% of the overall retail business of the company. Since 2010, he has
been working as business head and COO of the company. Chakravarty
succeeds R. Duruvasan who was now become non-executive director of the company.
Vishwanathan gets extension as deputy governor
The government has reappointed
N.S. Vishwanathan as deputy
governor of the Reserve Bank of
India for a one-year period with
effect from 4 July. His tenure
was to end on 3 July. He is in
charge of regulation of banks,
non-banking finance companies
and cooperative banks. The
government’s action follows
the abrupt resignation of Viral
Acharya as deputy governor
6 months ahead of schedule.
RBI now has 2 other deputy
governors now - B.P. Kanungo
and M.K. Jain.