| MOSCOW: For the first time in its history Russia's largest state-owned bank, Sberbank (Savings Bank) is inducting an Indian national Rajat Kumar Gupta on its supervisory board and his appointment is expected to be approved at the shareholders' meeting here on Friday.
According to Sberbank press office Gupta, Senior Partner in McKenzie, would also be the first ever foreigner to be appointed on the bank's supervisory board.
Sberbank President and former Minister of Economy and Trade German Gref had earlier said his bank plans to enter into the Indian financial market in a big way, which has already applied to the RBI seeking permission to open its branch in India. |
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