The Reserve Bank of India has granted regulatory approval for Vikram Sahu to serve as Chief Executive Officer of Bank of America N.A.'s India operations, according to an internal memorandum cited by Reuters. The appointment ends the tenure of Kaku Nakhate, who led the India business for approximately 15 years.
Nakhate will not leave the organisation but will transition to the position of Chair India. Sahu, in his new capacity as CEO, will report to Jin Su, President of Asia Pacific for Bank of America.
Bank of America's India operations encompass corporate and investment banking, treasury and global markets services, and support functions serving the bank's global network.
Sahu had taken over as India country executive in June 2025, with Nakhate remaining CEO until the RBI's approval.