Vikram Sahu has been appointed as the new Chief Executive Officer (CEO) of Bank of America NA in India, following approval from the Reserve Bank of India (RBI). He succeeds Kaku Nakhate, who has led the bank's operations in India for 15 years. Nakhate will transition to the role of Chair, India, focusing on strengthening key client relationships. Advertisement

According to an internal memo reviewed by PTI, the RBI's approval marks the official appointment of Sahu, who had already assumed leadership of the India franchise earlier this year. Sahu's appointment as CEO was contingent on receiving regulatory approval, which has now been granted.

In his new role, Sahu will continue to oversee Bank of America's strategic growth plans in India while chairing the local management team and servin

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