Zarine Daruwala quits ICICI Bank to join Standard Chartered

In Uncategorized
November 17, 2015

ICICI Bank’s head of corporate banking division Zarine Daruwala has quit the Mumbai based lender to join UK base Standard Chartered as its India CEO. Daruwala will be replaced by Vishakha Mulye. On November 16, Vishakha Mulye was designated as executive director at the bank.

About Daruwala:-

Mrs. Zarin Daruwala is a qualified Chartered Accountant and Company Secretary with over 25 years of experience in the Banking Investment Banking industry.
Daruwala has been with the bank since June 1989 working in different roles from corporate to rural banking and even mergers and acquisitions.
She joins Standard Chartered at a time when the UK lender has been besieged by rising non performing loans from companies in India.
Mulye, the present managing director and chief executive officer of ICICI Venture was CFO at ICICI Bank between 2005 and 2007.
She has won various accolades and awards including the CA Business Achiever award by the Institute of Chartered Accountants of India and in the past she has featured in the Business Today list of 30 most powerful women in Indian business.