DK Business Network
Standard Chartered has received approval from the Reserve Bank of India (RBI) to appoint Mr. PD Singh as its new Chief Executive Officer for India and South Asia. Singh will officially assume the role on April 1, 2025, succeeding Ms. Zarin Daruwala, who is set to retire on March 31, 2025, after nearly a decade at the helm of the bank’s Indian operations.
Zarin Daruwala’s leadership has been instrumental in shaping Standard Chartered’s trajectory in India. Under her stewardship, the bank expanded its foothold in the corporate and investment banking sector while also strengthening its presence in wealth management and retail banking. She played a pivotal role in positioning Standard Chartered as a key player in cross-border financial solutions, a move that significantly enhanced the bank’s competitiveness in India’s rapidly evolving financial ecosystem.
Speaking on his appointment, Mr. PD Singh expressed his enthusiasm for leading a bank with such a storied history in India. “It’s a privilege for me to join Standard Chartered, which has a rich legacy spanning more than 165 years. I have been a keen observer of the Bank’s ambitions and growth trajectory in India and am looking forward to playing a role in reaffirming our commitment by further driving sustained growth and delivering value to our stakeholders,” he stated.
Mr. Singh brings to the role more than two decades of experience in global banking, having held key leadership positions at some of the world’s leading financial institutions, including HSBC and JP Morgan. Prior to this appointment, he served as the CEO of JP Morgan India, where he was responsible for overseeing the bank’s growth and strategy in the region. His deep understanding of corporate banking, regulatory frameworks, and strategic leadership will be vital in shaping Standard Chartered’s next phase of growth in India.
With a presence in India spanning over 160 years, Standard Chartered remains one of the country’s most established foreign banks, operating 100 branches across 42 cities. As Mr. Singh steps into this leadership role, the bank is expected to continue its focus on strengthening corporate banking, digital transformation, and expanding its financial solutions to cater to India’s dynamic economic landscape.