The Reserve Bank of India (RBI) has endorsed the arrangement of Hitendra Dave as the Chief Executive Officer (CEO) of HSBC Bank (India). RBI has agreed the endorsement for a time of three years with impact from August 24, 2021. In June 2021, HSBC had declared the arrangement of Hitendra Dave as the Chief Executive Officer of HSBC India.
Dave succeeds Surendra Rosha who, following three years, is moving to Hong Kong as the Co-Chief Executive of HSBC, Asia-Pacific. Hitendra Dave, some time ago Head of Global Banking and Markets of HSBC India.