IndusInd Bank announced the appointment of Gaurav Kapur as Chief Economist of the Bank, as a part of the Global Markets team, on Monday. Kapur will be based in Mumbai and will be responsible for formulating IndusInd Bank’s economic forecasts and developing cross-border thematic research.
He will also look at tracking the local and global macro-economic environment and formulating views, opinions and forecasts about the Indian economy, markets and policy environment. He has extensive experience in the field of country risk management and sovereign ratings and has worked on the credit ratings review of key economies in Asia including India.
“We are very happy to have Gaurav Kapur on board and are confident that his in-depth research and analysis of local and global macro economies will give a broader framework to develop our strategy to help us achieve excellence in our business,” said Romesh Sobti, MD and CEO, IndusInd Bank.
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Kapur started his stint with Indian Council for Research on International Economic Relationship (ICRIER) and has worked for the last 16 years as a senior economist with Royal Bank of Scotland, erstwhile ABN AMRO Bank – India. He was also a member on the RBI’s committee for review of the national household inflation expectations survey, which is now a key input for monetary policy.