Citi India has elevated Arjun Chowdhry as the head of its consumer banking business where he will manage domestic retail banking, wealth management, credit cards, loans and mortgages.

The appointment is effective January 8, the foreign bank said in a statement on Monday.

Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities. He will report to Citi India chief executive officer Ashu Khullar and the banking major’s head (APAC and EMEA retail ranking) Fabio Fontainha, the bank added.

Chowdhry joined Citi as a management associate and has held diverse roles, starting with consumer operations, moving to wealth management, NRI and deposit products, credit cards, loans and payments.

RBL appointment

Private sector lender RBL Bank on Monday said its board of directors has approved the re-appointment of Vishwavir Ahuja as the managing director and chief executive officer of the bank for a period of three years, with effect from June 30, 2021 to June 29, 2024. This is based on the recommendation of the nomination and remuneration committee, the bank said in a notification to exchanges.

Citi India leads among foreign banks in wealth management in terms of assets under management.

Amost 75 per cent of its consumer banking customers access their accounts online or through mobile app even as over 96 per cent transactions are done through self-service.

Citi added that it follows a segment-led strategy with a clear focus on digitization of the entire banking life cycle, from acquisition through transactions and servicing, resulting in strong growth in new-to-bank clients, volume and wallet share.