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SBM Bank India Appoints International Banker Ashish Vijayakar as MD & CEO

New Delhi: Ashish Vijayakar has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of SBM Bank India for a duration of three years, starting from February. His appointment has received approval from the Reserve Bank of India (RBI). 

Vijayakar brings with him nearly thirty years of experience in the banking and financial services realm, during which he has demonstrated a knack for building and expanding global enterprises. His skill set encompasses strategic planning, effective team management, and the cultivation of impactful partnerships aimed at driving sustainable progress. 

Sattar Hajee Abdoula, Chairman, SBM Bank India said, “On behalf of the Board, we are delighted to welcome Ashish Vijayakar as the new Managing Director and CEO of SBM Bank India. With his proven track record of driving business growth, leading transformational initiatives, and fostering winning teams, Ashish’s leadership will propel SBM Bank India to new heights of success. We are confident that Ashish will, together with the existing management team, reinforce the existing bonds between the Bank and its stakeholders, and provide seamless continuity to the service to our customers, while enhancing the spectrum of strategic endeavours of the Bank with his expertise. His foresight and unwavering dedication to excellence perfectly align with our objectives and aspirations.” 

With a solid grasp of industry intricacies and a history of fostering growth and innovation, Vijayakar is well-suited to steer SBM Bank India through its upcoming developmental phase. 

Commenting on his appointment, Ashish Vijayakar said, “I am honoured to become a part of SBM Bank India. I look forward to working closely with the talented team at SBM Bank India to further enhance the robust groundwork established by my predecessors and foster sustainable growth that brings value to all stakeholders. I extend my gratitude to the Board for entrusting me with the leadership responsibility for steering SBM Bank India towards the next phase of growth.”

Ashish holds a Bachelor of Commerce degree from Bombay University, is a Chartered Accountant from the Institute of Chartered Accountants of India, and obtained an LLB (General) from Bombay University.

Tags: BFSI