Balasubramanian joins HDFC Bank after a stint of over 20 years with Citibank
HDFC Bank has appointed K. Balasubramanian as the Head of Corporate Banking. Designated Group Head – Corporate Banking, Mr. Balasubramanian joins HDFC Bank after a stint of over 20 years with Citibank where he rose to be Managing Director – Corporate Banking.
He will report to Kaizad Bharucha, Executive Director, who heads the Wholesale Banking business, which contributes about 49 per cent to HDFC Bank’s domestic loan portfolio. Corporate Banking is the biggest contributor to the Bank’s Wholesale Business in terms of assets, revenues and profitability.
Balasubramanian joined Citibank in 1996 after completing his CA and ICWA. He started his career in finance and soon moved into corporate banking as a relationship manager. He headed corporate bankingfor the eastern, southern and western regions for before being designated India Head for the large local corporate business. He was also a designated senior credit officer all Wholesale Banking business for Citibank India from the business side. During his tenure as Managing Director he led teams at a pan India level and fostered relationships with large corporate houses.