RBI Approves Pranav Chawda as CEO of JP Morgan India’s Banking Unit

The Reserve Bank of India ( RBI ) has officially approved Pranav Chawda's appointment as the new Chief Executive Officer ( CEO ) of JP Morgan India for a three-year term. The role became available following the early departure of Prabhdev Singh, who stepped down as CEO in June.

JP Morgan has a long history in the Asia Pacific region, with a presence in 17 countries. In India, the bank has played an important role in funding big projects, handling international deals, and offering financial advice. In the 1990s, it partnered with ICICI to raise money for Indian businesses and offer investment services.

Beyond banking, JP Morgan is committed to helping India grow. The bank supports projects that focus on job creation, small business development, and financial education, aiming to provide better opportunities for underprivileged communities. Globally, the bank plans to invest $2 billion in community projects by 2025.

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Pranav Chawda, who currently leads the commercial banking division of JP Morgan India, will now expand his responsibilities to include oversight of the corporate banking segment as well. A Chartered Accountant by profession, Chawda began his career in 1995 as an assistant manager at Deloitte, gaining foundational expertise in finance and auditing.

He then moved to Citigroup in 2000, where he gained his skills in credit, product development, business development, and front-line sales. Before his current role at JP Morgan, Chawda served as Managing Director for Institutional Banking at DBS Bank in India, where he played an important role in managing relationships with financial institutions.

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In 2019, Chawda joined JP Morgan India, initially leading the commercial banking division and focusing on mid-sized, India-headquartered companies. As a CEO, he will be responsible for supervising corporate banking, aligning with the company's initiative launched earlier this year to improve client experience by integrating its commercial and corporate banking operations in India.

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