He also spent over 10 years with Citibank in commercial banking, and played a key role in setting up its commercial banking franchise. Photo: Ramesh Pathania/MintMumbai: Sandeep Thapliyal, head of commercial and investment banking at RBL Bank Ltd, will head the new non-banking financial company (NBFC) floated by Avendus Capital Pvt. Meanwhile, RBL Bank’s IPO to raise about Rs.1,500 crore is expected to open in the first week of August. US-based private equity fund Kohlberg Kravis Roberts & Co. Lp (KKR) bought Mumbai-based Avendus Capital for about $115 million in November. Ltd, Avendus Capital (UK) Pvt.

Source: Mint July 17, 2016 18:45 UTC