News makers:
13 Nov 2000
1
: After having
collected their bonus cheques, over 15 executives from Standard Chartered Grindlays
(StanChart Grindlays) are said to have left the services of the bank. Almost all of them
are believed to have joined Max New York Life, the insurance outfit of the Max India group
currently run by Mr. Anuroop Singh, former head of Grindlays’ operations in India.
Among those who left recently are Rahul Khosla (head of retail banking), Sunil Sharma (head of sales and services), Bapay Dastoor (head of legal department) and Vinit Kohli (head of finance).
The bank has already initiated an internal exercise to identify excess flab in the organisation and offer VRS, in accordance with its application to the Reserve Bank of India.
