Sandeep Thapliyal, head, Commercial and Investment Banking, RBL Bank, has left the bank to head a new non-banking financial company set up by Avendus Capital. According to news reports, Thapliyal will join as chief executive of Avendus Finance by September. US-based private equity fund Kohlberg Kravis Roberts & Co (KKR) has bought Mumbai-based Avendus Capital for about $115 million in November. As part of the deal, KKR committed to invest another $60 million in the NBFC. Thapliyal, who has more than 20 years of experience in corporate banking, investment banking, commercial banking, project finance and asset reconstruction, heads the commercial banking coverage franchise at RBL, which includes the SME (small and medium enterprise) and mid corporate segments. He is also responsible for the credit products group, which undertakes credit evaluation of commercial banking clients.
