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Update: Market Chatter: Bank of America India CEO Appointment Approved by Central Bank

BY MT Newswires | ECONOMIC | 12/04/25 04:47 AM EST

04:47 AM EST, 12/04/2025 (MT Newswires) -- (Updates to add Bank of America's (BAC) response in the third paragraph)

Bank of America (BAC) India has received approval from the country's central bank for the appointment of Vikram Sahu as its chief executive, Reuters reported Wednesday, citing an internal memo it has seen.

Bank of America India named Sahu as CEO in March, though a formal Reserve Bank of India approval was pending, according to the report.

The company declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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