It hired Pranav Chawda, as head of Client Banking and Specialized Industries from DBS Bank and he had worked for Citibank prior to that. Dhaval Shah, who was the Director at Citibank most recently, would head the Western Region. Srinivasan Kannan, who has been with the bank for a while, would lead the business in Southern India.
“India is an important market and we’ve taken a long-term approach to building lasting relationships,” said Kalpana Morparia, chairman, South and South East Asia, J.P. Morgan. “We have deep local knowledge, global insights…,which uniquely position us to serve diverse companies in India.”
JP Morgan (JPM) is expanding its commercial banking business in India to cater to mid-sized companies after having served multinationals and large local companies for decades.