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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