Bank of America Corporation announced that the Reserve Bank of India has approved the appointment of Vikram Sahu as chief executive officer of Bank of America N.A. in India, effective immediately.
Sahu, who previously led the bank’s global equity research division, brings more than two decades of experience in capital markets and a deep understanding of the Indian financial landscape. His selection follows a formal review by the RBI and reflects the bank’s intent to place a seasoned market‑maker at the helm of its Indian operations.
The appointment follows the departure of long‑time CEO Kaku Nakhate, who will transition to the role of Chair of BofA Securities India. Nakhate’s 15‑year tenure helped establish the bank’s presence in India, and his move to a chairmanship signals a smooth leadership handover while maintaining continuity in the bank’s strategic direction.
BofA India has operated since 1964 and focuses primarily on corporate, institutional, and multinational clients rather than retail banking. The bank’s legal entities in India include Bank of America N.A. India, BofA Securities India, and BA Continuum India. The appointment of Sahu is part of a broader strategy to strengthen the bank’s position in India’s growing capital markets and to deepen relationships with large corporates and government entities.
Under Sahu’s leadership, the bank will oversee all retail and corporate banking activities in India, with an emphasis on expanding its corporate and institutional client base, enhancing client relationships, and executing a strategic growth plan that leverages the bank’s global reach and expertise. The RBI’s approval is a standard regulatory requirement for CEO appointments in Indian banking operations, underscoring the bank’s compliance with local regulatory frameworks while pursuing its international growth objectives.
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