Foreign lender Standard Chartered Bank has announced the appointment of Rajeev Chalisgaonkar as head of its SME banking operations in India and South Asia.

Mr Rajeev joins StanChart after leaving another foreign lender, Barclays.

"Rajeev has a proven track record in setting up and growing the SME business across geographies critical for us from a growth stand point which will be an added advantage," Standard Chartered Bank Regional Head-South Asia and Group Chief Marketing Officer (Consumer Banking), Mr Sanjeeb Chaudhuri, said.

Presently the lender has 94 branches in India.