Bank of America Merrill Lynch has hired away former Barclays Bank India head of multinational corporates, Meeta Makhan, to be its India head of global transaction services.
India's 200-basis-points commercial rates hike last month forced cash-strapped companies to start borrowing at shorter tenors. Those lucky enough to be cash-rich are being offered juicy deposit rates as banks plug their own funding gaps.
Bank of America Merrill Lynch (BoAML) has promoted Nirmal Khaderia to head its Asia-Pacific corporate sales of the global transaction services, a newly-created position.
Feb 4, 2013
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