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These are Mr. Navneet Singh, to look after multinational clients, Mr. Ashok Sood for local corporates, Mr. G Kadan for transactions, Mr. Pradip Venkatrao for portfolio management and four regional corporate banking heads, Mr. Sunil Chopra (west), Mr. Sujit Mondal (east), Ms. Kavita Venugopal (north) and Mr. Rajiv Kulkarni (south).

While the bank is creating a talent pool to accommodate some of those who are affected by teh restructuring, it is also likely to offer "redundancy" package to several senior executives who do not find a notch in the new setup.

In the second phase the bank had cleared the appointment of a few key officials who would directly report to Mr. Jaspal Bindra, the general manager and country head. They are Mr. Somen Basu, chief operating officer, Mr. Sanjeev Agrawal, head of finance, Mr. Jeswant Nair, head of human resources, Mr. Ajoy Kumar, head of facilities, Mr. John Masters, head of treasury, and Mr. Kris Babcci, head of credit.