SBM Bank Strengthens Leadership Team Through Major Appointments in Corporate and Retail Banking

SBM Bank India has announced the appointment of two senior executives to its leadership team, in line with the bank’s objective to increase its focus on business growth and client satisfaction. Prakash Jaiswal has been named Head of Corporate Banking, with Nikhil Rajadhyaksha taking over as Head of Retail Banking. These strategic hires demonstrate SBM Bank India’s commitment to developing and strengthening its service offerings for corporate and retail customers.

Commenting on the new leadership appointments, Ashish Vijayakar, MD & CEO of SBM Bank India, said, “We are delighted to welcome Prakash and Nikhil to our leadership team. Their extensive experience and proven track records will be instrumental in adding impetus to our strategic goals and further enhancement of our banking proposition. At SBM Bank India, we remain dedicated to delivering innovative, best-in-class customer-focused solutions, and I am confident that both Prakash and Nikhil will play key roles in driving this mission forward.”

Prakash Jaiswal – Head, Corporate Banking, SBM Bank India is a Chartered Accountant with more than 23 years of banking experience. He comes with comprehensive expertise in the Commercial Banking business, including financing and transaction banking. His deep understanding of corporate client needs and risk management, makes him a key addition to the team.

Before joining SBM Bank India, Jaiswal was HSBC Bank India’s Managing Director and Country Head of Business Banking (SMEs and startups). He has previously held senior positions in Corporate Banking with Yes Bank, ICICI Bank, and EXIM Bank. Jaiswal has extensive experience managing business profit and loss statements, strategic growth efforts, and client relationships.

Jaiswal expressed his enthusiasm stating, “Corporate banking is integral to SBM Bank India’s growth aspirations, and I am excited to contribute to this transformative journey. I am eager to leverage the Bank’s strong foundation and collaborate closely with our valued clients, offering tailored solutions that align with their specific business needs. Together, we aim to drive sustained success and deliver value across the corporate banking landscape.”
Nikhil Rajadhyaksha, Head of retail Banking at SBM Bank India, has over 25 years of experience in retail assets, liabilities, credit cards, third-party products, digital banking, and bank partnerships. His leadership has continually fuelled expansion in both digital and traditional banking.

Rajadhyaksha previously worked as the Joint President of Offline Businesses and Third-Party Products at Kotak Securities and held executive positions at Kotak Mahindra Bank, ING Vysya Bank, Citibank, and HCL Infosystems Ltd.

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Commenting on his appointment, Rajadhyaksha said, “I am honoured to join SBM Bank India at a pivotal juncture for retail banking. The sector is experiencing transformative changes, driven by technology and evolving customer expectations. I look forward to leading initiatives that will shape our retail banking portfolio and deliver our customers a seamless, responsive, and enriched banking experience.”