Sanjeev Mehta has stepped down as Standard Chartered Bank’s managing director and head of transaction banking sales for corporate, commercial and institutional Banking for South Asia after a 17-year career at the bank.

Mehta resigned in July this year with plans to launch a greenfield venture, a statement said on Friday.

His departure from the bank comes at a time when the Indian financial landscape is undergoing rapid change, presenting both challenges and opportunities for new entrants, it said.

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