RETAIL BANKING | Staff Reporter, India

Bank of Baroda hires global talent from Barclays, Standard Chartered, and Citigroup to drive profitability

That is only in the past three months.

According to Bloomberg, Bank of Baroda, India’s third-largest state-run bank, is looking to a slew of senior managers poached from foreign lenders including Barclays Plc and Standard Chartered Plc to help drive profitability at the 108-year-old company.

In the past three months, the Mumbai-based lender has hired Manoj Piplani, a managing director of Barclays’s U.K. card business, to lead its card and payments operations and Ratnesh Kumar, managing director at Standard Chartered, to head its investment-banking arm. The bank also added a former Citigroup Inc. employee to transform its Nainital Bank Ltd. unit and recruited advisers for its chief executive officer from firms including JPMorgan Chase & Co. 

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