In a statement Visa International said: "Rahul Khosla has informed Visa International of his plans to pursue a senior management position with a multi-national bank in India, in the fast growth area of personal financial services. Visa's strong in-market management team in Bangalore will continue to strengthen Visa's commitment to the growth and development of India's payment card industry".

Khosla, formerly with BankAm, had taken charge at the helm of Visa International in December 1998 after BankAm decided to exit from retail banking post-merger with NationsBank.