Ramachandran is StanChart consumer banking head
Mumbai: Standard Chartered Bank has appointed Vishu Ramachandran as head of consumer bank, India.

Ramachandran will oversee the strategic direction and growth of the five consumer banking value centres -- secured loans, unsecured loans, wealth management, branch banking and Standard Chartered finance. He will be responsible for product development, sales and marketing, service delivery, building a strong brand and team to acquire critical competencies for consumer banking.

Prior to this, Ramachandran was heading Standard Chartered's global products in the area of mortgages and auto, based in Singapore. He joined the bank in India in 1986 and has held several portfolios in the consumer bank both in India and Singapore.
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Moody's CEO joins Icra board
Mumbai: John Rutherfurd Jr, president and chief executive officer of the US-based Moody's Corporation, has joined the Icra board as a director.

This follows Moody's Investor Services picking up additional 9 per stake in Icra, raising its holding in the domestic rater to 21.15 per cent from 12.15 per cent. With this, Moody's has become the largest stake holder in Icra.

Moody's bought out the stake from IFCI, the principal promoter of Icra.

Other stake holders in Icra include Life Insurance Corporation, Unit Trust of India, Punjab National Bank, General Insurance Corporation, Union Bank of India, Central Bank of India, Allahabad Bank, United Bank of India, Indian Bank, UCO Bank, Canara Bank, Andhra Bank, Exim Bank, Housing Development Financial Corporation, Infrastructure Leasing & Financial Services Ltd, Vysya Bank, Indian Overseas Bank and Oriental Bank of Commerce.
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Rangan to joinVenture Infotek as MD
Mumbai: Girish Rangan, former executive director and chief executive officer of BPL Mobile, is joining Venture Infotek as managing director.

Venture Infotek is India's only consumer payment processing company offering end-to-end card payment processing solutions for both issuing and acquiring banks.

Venture Infotek has a presence in 20,000 merchant counter shops in 187 towns and cities, and has gateways to Visa, MasterCard and Amex.

Major investors in Venture Infotek include Global Internet Ventures, Walden International Investment Group, Warburg Pincus Equity Partners, Visa International and IBM.
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Dalziel to take over as Colgate India MD
Mumbai: Graeme Dalziel has been appointed the new managing director of Colgate Palmolive (India) Ltd.

Dalziel will take over from Derrick Samuel, the current MD who would continue as such till the approvals and would later take a new assignment with Colgate-Palmolive company abroad.

KV Vaidyanathan and Moses A Elias have been appointed as whole-time directors of the company for a second five-year term.
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GN Bajpai takes over as SHCIL chairman
Mumbai: Gyanendra Nath (GN) Bajpai has been nominated as the chairman of Stock Holding Corporation of India (SHCIL), while S Srinivasan of Industrial Development Bank of India (IDBI) has been nominated as the joint managing director.

BV Gaud will continue as managing director and chief executive officer of the countrys largest depository participant.

Bajpai, currently the chairman of Life Insurance Corporation of India (LIC), also holds the chairmanship of LIC Housing Finance Corporation, LIC (International) E.C. Baharin, LIC (Nepal) Ltd and all the subsidiary companies of LIC apart from being a board member of ICICI Ltd, UTI Bank Ltd, National Housing Bank (NHB), Discount and Finance House of India (DFHI), General Insurance Corporation (GIC) in addition to being the non-executive chairman of the National Stock Exchange (NSE) of India. He is also the president of Insurance Institute of India.
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