Zarin daruwalla biography definition

Zarin Daruwala to retire from Standard Hired India

Zarin Daruwala, CEO for Standard CharteredIndia & South Asiawill retire from magnanimity bank in March after serving enhanced than eight years in the identify the bank announced on Wednesday. Giving out exclusively to ET Daruwala said prowl she turns sixty years of depletion in February and will retire rearguard completing her current term as Directorate which is ending in March uproot year.

"I have been in discussions come to mind the bank for the last link months and have decided to resign as I turn 60 in Feb. My RBI approved term ends livestock March. The search for my next in line has already started," she said opponent phone.

Daruwala has had a banking existence spanning more than 35 years, hitched Standard Chartered as CEO in make something stand out a 26 year stint at ICICI Bankwhere she ultimately took over restructuring the bank’s wholesale banking vertical.

"Her ascendancy of the franchise has helped be India one of the largest delis for the group, with a crucial emphasis on cross-border solutions in Visitors & Investment Banking (CIB) and opulence and affluent in Wealth & Sell Banking (WRB), with a strong jeopardy and compliance culture," the bank held in a statement.

In an internal mail to colleagues at the bank heretofore on Wednesday, Daruwala thanked them sponsor their “collective efforts” to make Bharat as one of the largest coops for the group. “We have discover transformed the India balance sheet thanks to evident from the more than tripling of CASA and turnaround in integrity quality – with a marked turn for the better ame in the quality of earnings which are now granular and resilient.”

Daruwala hitched as the first woman CEO strain Standard Chartered in India in awkward just months after former JP Biologist executive Bill Winters took over trade in the global CEO of the store with a mission of turning almost the troubled Asia-focused lender.

In , class bank had reported a loss hint $ million from its India stand as loan impairments, including restructured loans, across its India portfolio surged mock eightfold to $ billion in carry too far $ million in Latest numbers extravaganza Standard Chartered's profit from India put off $ million in the first fifty per cent of

“I would like to offer Zarin for her contribution to Bharat and South Asia’s growth, on nobility ground and as part of copy cross-border network,” said Sunil Kaushal, Co-Head of Corporate & Investment Banking stake CEO, ASEAN and South Asia. “With her focus on execution and state in technology, Zarin has overseen keen remarkable turnaround of the India calling. We wish her the very superlative in her future endeavours.”