Standard Chartered Appoints P.D. Singh as India CEO
Standard Chartered Bank has secured approval from the Reserve Bank of India (RBI) to appoint Prabdev (P.D.) Singh as its Chief Executive Officer for India and South Asia. Singh, a veteran in corporate banking and former CEO of JP Morgan India, will assume his new role on April 1, 2025. He will replace Zarin Daruwala, who is set to retire on March 31, 2025, after leading the bank for nearly a decade.
Zarin Daruwala has played a crucial role in expanding Standard Chartered’s presence in India since taking charge in 2016. Under her leadership, the bank strengthened its Corporate and Investment Banking segment, focusing on cross-border financial solutions. She also contributed significantly to the growth of Wealth and Retail Banking. Recognizing her 35-year-long career in banking, Standard Chartered acknowledged her contributions as she prepares to step down in April 2025.
P.D. Singh comes with over 20 years of experience in leadership roles at top financial institutions, including HSBC and JP Morgan. Before being selected for Standard Chartered’s top role, he served as CEO of JP Morgan India until June 2024. According to reports, Singh was among three candidates shortlisted for the position, with the RBI approving his appointment. His expertise in corporate banking and strategic leadership is expected to help Standard Chartered strengthen its operations in India.
Standard Chartered is one of India’s oldest foreign banks, having operated in the country for over 160 years. With a network of 100 branches across 42 cities, it offers Corporate and Investment Banking, along with Wealth and Retail Banking services. The appointment of Singh signals the bank’s focus on strengthening its presence in India’s evolving banking sector. His experience in global banking and financial management is expected to align with the bank’s long-term growth strategy.
The leadership transition at Standard Chartered marks a significant step in its India operations. With Singh’s appointment, the bank aims to navigate India’s competitive banking landscape while continuing its focus on innovation and growth.
| Key Aspect | Details |
|---|---|
| Why in News? | Standard Chartered appoints P.D. Singh as India & South Asia CEO, effective April 1, 2025. |
| New CEO | Prabdev (P.D.) Singh |
| Previous Role | CEO, JP Morgan India |
| Predecessor | Zarin Daruwala |
| Daruwala’s Tenure | Led Standard Chartered India since 2016, retiring on March 31, 2025. |
| RBI Approval | RBI approved Singh’s appointment after reviewing shortlisted candidates. |
| Standard Chartered in India | Operating for over 160 years, 100 branches across 42 cities. |
| Future Focus | Strengthening corporate banking, investment banking, and retail banking in India. |
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